Versor Investments LP Invests $410,000 in Vestis Co. (NYSE:VSTS)

Versor Investments LP bought a new stake in Vestis Co. (NYSE:VSTS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,900 shares of the company's stock, valued at approximately $410,000.

Several other institutional investors have also recently bought and sold shares of the business. Brooklyn Investment Group acquired a new position in shares of Vestis during the third quarter worth $27,000. Spire Wealth Management bought a new position in Vestis during the 4th quarter worth $29,000. Nomura Asset Management Co. Ltd. lifted its holdings in Vestis by 104.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,000 shares of the company's stock worth $30,000 after buying an additional 1,020 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Vestis in the 3rd quarter valued at about $41,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Vestis in the third quarter valued at about $51,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Vestis from $15.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Barclays increased their price objective on shares of Vestis from $10.00 to $13.00 and gave the stock an "underweight" rating in a research report on Friday, November 22nd. Finally, The Goldman Sachs Group boosted their target price on shares of Vestis from $13.60 to $15.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $14.08.

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Vestis Stock Performance

NYSE:VSTS traded down $0.06 on Thursday, reaching $11.24. 525,471 shares of the company's stock were exchanged, compared to its average volume of 2,061,513. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 141.14 and a beta of 1.16. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.80 and a quick ratio of 1.43. The stock has a fifty day simple moving average of $14.58 and a 200-day simple moving average of $14.78. Vestis Co. has a 52 week low of $8.92 and a 52 week high of $19.76.

Vestis (NYSE:VSTS - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. Vestis had a return on equity of 7.91% and a net margin of 0.34%. During the same quarter last year, the business posted $0.22 EPS. As a group, sell-side analysts predict that Vestis Co. will post 0.7 earnings per share for the current year.

Vestis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 21st will be paid a $0.035 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.14 dividend on an annualized basis and a yield of 1.25%. Vestis's dividend payout ratio is presently 175.00%.

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.