Vestis (NYSE:VSTS) Price Target Raised to $15.00 at The Goldman Sachs Group

Vestis (NYSE:VSTS - Get Free Report) had its target price hoisted by equities research analysts at The Goldman Sachs Group from $13.60 to $15.00 in a report released on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. The Goldman Sachs Group's price target would indicate a potential downside of 6.37% from the stock's previous close.

A number of other analysts have also recently issued reports on the company. Baird R W cut Vestis from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. boosted their price target on Vestis from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Friday. Barclays lifted their target price on shares of Vestis from $10.00 to $13.00 and gave the company an "underweight" rating in a research note on Friday. Finally, Robert W. Baird lowered shares of Vestis from an "outperform" rating to a "neutral" rating and set a $13.00 price target on the stock. in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Vestis currently has a consensus rating of "Hold" and an average price target of $17.43.

Vestis Stock Up 2.6 %

VSTS stock traded up $0.40 during midday trading on Friday, reaching $16.02. The company had a trading volume of 2,815,854 shares, compared to its average volume of 1,534,713. The company has a 50 day moving average of $14.60 and a two-hundred day moving average of $13.30. The company has a current ratio of 1.73, a quick ratio of 2.02 and a debt-to-equity ratio of 1.40. Vestis has a 1 year low of $8.92 and a 1 year high of $22.37. The company has a market capitalization of $2.11 billion and a P/E ratio of 100.13.

Institutional Trading of Vestis

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its stake in shares of Vestis by 223.0% in the 2nd quarter. AQR Capital Management LLC now owns 3,753,889 shares of the company's stock valued at $45,197,000 after purchasing an additional 2,591,593 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Vestis by 111.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,631,652 shares of the company's stock valued at $39,212,000 after acquiring an additional 1,384,413 shares during the period. TOMS Capital Investment Management LP raised its stake in Vestis by 22.7% during the third quarter. TOMS Capital Investment Management LP now owns 2,330,155 shares of the company's stock worth $34,719,000 after acquiring an additional 430,555 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Vestis by 9.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,156,811 shares of the company's stock valued at $32,136,000 after acquiring an additional 192,525 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Vestis by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,541,710 shares of the company's stock valued at $18,854,000 after purchasing an additional 8,997 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

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.