Oak Thistle LLC decreased its position in shares of Vestis Co. (NYSE:VSTS - Free Report) by 35.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,685 shares of the company's stock after selling 29,700 shares during the quarter. Oak Thistle LLC's holdings in Vestis were worth $818,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group acquired a new position in Vestis in the third quarter valued at approximately $27,000. Nomura Asset Management Co. Ltd. increased its stake in shares of Vestis by 104.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,000 shares of the company's stock valued at $30,000 after acquiring an additional 1,020 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Vestis in the 3rd quarter valued at $41,000. Canada Pension Plan Investment Board acquired a new position in shares of Vestis during the 2nd quarter valued at $44,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Vestis during the third quarter worth $51,000. Institutional investors and hedge funds own 97.40% of the company's stock.
Vestis Stock Up 1.1 %
Shares of NYSE VSTS traded up $0.19 during mid-day trading on Thursday, reaching $16.47. 603,370 shares of the company's stock traded hands, compared to its average volume of 1,310,117. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.73 and a quick ratio of 1.36. The business has a 50-day simple moving average of $15.60 and a 200 day simple moving average of $14.37. The stock has a market cap of $2.17 billion, a P/E ratio of 102.91 and a beta of 1.17. Vestis Co. has a 1-year low of $8.92 and a 1-year high of $22.37.
Vestis (NYSE:VSTS - Get Free Report) last announced its quarterly earnings results on Thursday, November 21st. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The business had revenue of $684.28 million during the quarter, compared to the consensus estimate of $693.54 million. Vestis had a net margin of 0.75% and a return on equity of 9.07%. The firm's revenue for the quarter was down 4.4% on a year-over-year basis. On average, analysts expect that Vestis Co. will post 0.66 EPS for the current fiscal year.
Vestis Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 13th were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.14 annualized dividend and a yield of 0.85%. Vestis's dividend payout ratio (DPR) is currently 87.51%.
Analyst Ratings Changes
Several equities research analysts have weighed in on VSTS shares. Barclays lifted their price target on shares of Vestis from $10.00 to $13.00 and gave the company an "underweight" rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. raised their target price on Vestis from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Finally, The Goldman Sachs Group upped their price target on Vestis from $13.60 to $15.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat, Vestis currently has a consensus rating of "Hold" and a consensus target price of $14.08.
Get Our Latest Stock Analysis on VSTS
About Vestis
(
Free Report)
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.
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