Samson Rock Capital LLP Acquires Shares of 150,000 Vestis Co. (NYSE:VSTS)

Samson Rock Capital LLP bought a new stake in shares of Vestis Co. (NYSE:VSTS - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 150,000 shares of the company's stock, valued at approximately $2,235,000. Vestis makes up about 2.3% of Samson Rock Capital LLP's holdings, making the stock its 5th biggest holding. Samson Rock Capital LLP owned about 0.11% of Vestis at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VSTS. Wahed Invest LLC bought a new position in shares of Vestis in the fourth quarter worth approximately $42,000. Canada Pension Plan Investment Board bought a new position in shares of Vestis in the 2nd quarter worth $44,000. GAMMA Investing LLC raised its position in shares of Vestis by 143.5% during the 3rd quarter. GAMMA Investing LLC now owns 3,960 shares of the company's stock valued at $59,000 after buying an additional 2,334 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Vestis during the 2nd quarter worth $61,000. Finally, PNC Financial Services Group Inc. purchased a new position in Vestis in the fourth quarter worth $65,000. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VSTS has been the subject of several research analyst reports. Robert W. Baird lowered Vestis from an "outperform" rating to a "neutral" rating and set a $13.00 price target for the company. in a research note on Thursday, August 8th. Baird R W downgraded shares of Vestis from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group upped their price objective on shares of Vestis from $12.50 to $13.80 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Vestis currently has an average rating of "Hold" and an average target price of $16.69.

Vestis Price Performance

Shares of Vestis stock traded up $0.12 during trading on Wednesday, reaching $14.87. 1,716,450 shares of the stock were exchanged, compared to its average volume of 2,259,812. The company has a debt-to-equity ratio of 1.67, a quick ratio of 2.02 and a current ratio of 2.37. Vestis Co. has a 1 year low of $8.92 and a 1 year high of $22.37. The stock's fifty day moving average is $14.10 and its 200 day moving average is $14.09.

Vestis (NYSE:VSTS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.06. Vestis had a return on equity of 18.00% and a net margin of 4.13%. The firm had revenue of $698.20 million for the quarter, compared to analyst estimates of $688.33 million. Vestis's quarterly revenue was down 1.6% on a year-over-year basis. Sell-side analysts predict that Vestis Co. will post 0.64 earnings per share for the current fiscal year.

Vestis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Friday, September 13th.

Vestis Profile

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.