Vestis (VSTS) Stock Price, News & Analysis

Company Overview

Vestis Corporation provides uniform rentals and workplace supplies in the United States and Canada. Its products include uniform options, such as shirts, pants, outerwear, gowns, scrubs, high visibility garments, particulate-free garments, and flame-resistant garments, as well as shoes and accessories; and workplace supplies, including managed restroom supply services, first-aid supplies and safety products, floor mats, towels, and linens. The company serves manufacturing, hospitality, retail, food processing, food service, pharmaceuticals, healthcare, automotive, and cleanroom industries. Vestis Corporation was founded in 1936 and is headquartered in Roswell, Georgia.

Key Stats

• Today's Range: $13.10 to $13.61
• 50-Day Range: $13.25 to $15.71
• 52-Week Range: $8.92 to $22.37
• Volume: 2.81 million shs
• Average Volume: 1.26 million shs
• Market Capitalization: $1.75 billion
• P/E Ratio: N/A
• Dividend Yield: 1.05%
• Price Target: $16.28
• Consensus Rating: Hold

Vestis Stock Analysis - MarketRank™

Vestis scored higher than 49% of companies evaluated by MarketBeat, and ranked 93rd out of 139 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Vestis has received a consensus rating of Hold. The company's average rating score is 2.10, and is based on 2 buy ratings, 7 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Vestis has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 14.06%

Earnings Growth

Earnings for Vestis are expected to grow by 14.06% in the coming year, from $0.64 to $0.73 per share.

Price to Book Value per Share Ratio

Vestis has a P/B Ratio of 1.98. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.22% of the float of Vestis has been sold short.

Short Interest Ratio / Days to Cover

Vestis has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Vestis has recently increased by 0.96%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Vestis pays a meaningful dividend of 1.04%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Vestis does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Vestis will have a dividend payout ratio of 19.18% next year. This indicates that Vestis will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.22% of the float of Vestis has been sold short.

Short Interest Ratio / Days to Cover

Vestis has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Vestis has recently increased by 0.96%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.17

News Sentiment

Vestis has a news sentiment score of 1.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Vestis this week, compared to 5 articles on an average week.

MarketBeat Follows

Only 2 people have added Vestis to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Vestis insiders have not sold or bought any company stock.

Percentage Held by Institutions

97.40% of the stock of Vestis is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

VSTS Stock Analysis - Frequently Asked Questions

How have VSTS shares performed this year?

Vestis' stock was trading at $21.14 at the start of the year. Since then, VSTS shares have decreased by 37.0% and is now trading at $13.31.
View the best growth stocks for 2024 here.

How were Vestis' earnings last quarter?

Vestis Co. (NYSE:VSTS) announced its quarterly earnings data on Wednesday, August, 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.06. The company's quarterly revenue was down 1.6% compared to the same quarter last year.

Who are Vestis' major shareholders?

Top institutional shareholders of Vestis include FMR LLC (7.31%), State Street Corp (2.95%), Wellington Management Group LLP (2.35%) and Jacobs Levy Equity Management Inc. (2.00%). Insiders that own company stock include Corvex Management Lp, Douglas A Pertz, Kim Scott, Ricky T Dillon, Timothy R Donovan, Williams Ena Koschel, Tracy C Jokinen and Grant Shih.
View institutional ownership trends.

How do I buy shares of Vestis?

Shares of VSTS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Vestis own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Vestis investors own include American Water Works (AWK), The RMR Group (RMR), Waste Connections (WCN), AUO (AUOTY), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 8/07/2024
• Ex-Dividend for 10/3 Dividend: 9/13/2024
• Dividend Payable: 10/03/2024
• Today: 11/21/2024
• Next Earnings (Confirmed): 11/21/2024
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Staples
• Industry: Miscellaneous nondurable goods
• Sub-Industry: Wholesale
• Current Symbol: NYSE:VSTS
• CUSIP: N/A
• CIK: 1967649
• Web: www.aramarkuniform.com
• Phone: 818-973-3700
• Fax: N/A
• Employees: 10,500
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $16.28
• High Stock Price Target: $24.00
• Low Stock Price Target: $10.00
• Potential Upside/Downside: +22.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.10
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $213.16 million
• Net Margins: 4.13%
• Pretax Margin: 5.03%
• Return on Equity: 18.00%
• Return on Assets: 5.13%

Debt

• Debt-to-Equity Ratio: 1.67
• Current Ratio: 2.37
• Quick Ratio: 2.02

Sales & Book Value

• Annual Sales: $2.83 billion
• Price / Sales: 0.62
• Cash Flow: $2.66 per share
• Price / Cash Flow: 5.01
• Book Value: $6.71 per share
• Price / Book: 1.98

Miscellaneous

• Outstanding Shares: 131,480,000
• Free Float: N/A
• Market Cap: $1.75 billion
• Optionable: Optionable
• Beta: N/A