Vestis Co. (NYSE:VSTS) Shares Acquired by Royce & Associates LP

Royce & Associates LP increased its holdings in shares of Vestis Co. (NYSE:VSTS - Free Report) by 10.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 689,389 shares of the company's stock after purchasing an additional 66,621 shares during the quarter. Royce & Associates LP owned 0.52% of Vestis worth $10,272,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. KBC Group NV increased its holdings in Vestis by 51.9% in the 3rd quarter. KBC Group NV now owns 4,741 shares of the company's stock valued at $71,000 after purchasing an additional 1,619 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Vestis by 12.2% in the third quarter. Victory Capital Management Inc. now owns 63,551 shares of the company's stock valued at $947,000 after buying an additional 6,916 shares in the last quarter. Sigma Planning Corp acquired a new stake in shares of Vestis in the third quarter valued at $159,000. Capital Performance Advisors LLP purchased a new stake in shares of Vestis in the 3rd quarter valued at $41,000. Finally, US Bancorp DE lifted its stake in Vestis by 11.9% during the 3rd quarter. US Bancorp DE now owns 31,939 shares of the company's stock worth $476,000 after acquiring an additional 3,386 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VSTS has been the subject of several research reports. Robert W. Baird downgraded Vestis from an "outperform" rating to a "neutral" rating and set a $13.00 target price for the company. in a research report 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 increased their target price on shares of Vestis from $12.50 to $13.80 and gave the stock a "neutral" rating in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Vestis has an average rating of "Hold" and a consensus target price of $16.69.

Vestis Trading Down 2.0 %

Shares of Vestis stock traded down $0.28 during trading on Friday, hitting $13.86. 1,363,526 shares of the stock were exchanged, compared to its average volume of 1,213,455. The firm's 50-day moving average price is $14.64 and its 200 day moving average price is $13.23. The company has a debt-to-equity ratio of 1.67, a current ratio of 2.37 and a quick ratio of 2.02. Vestis Co. has a 12-month low of $8.92 and a 12-month high of $22.37.

Vestis Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.14 annualized dividend and a dividend yield of 1.01%.

Vestis Company 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.