Vestis Co. (NYSE:VSTS) Receives $14.08 Average Target Price from Analysts

Shares of Vestis Co. (NYSE:VSTS - Get Free Report) have been assigned a consensus rating of "Reduce" from the eight research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $14.08.

A number of equities research analysts have recently issued reports on VSTS shares. JPMorgan Chase & Co. upped their target price on shares of Vestis from $15.00 to $16.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. The Goldman Sachs Group raised their target price on shares of Vestis from $13.60 to $15.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Finally, Barclays increased their price target on Vestis from $10.00 to $13.00 and gave the company an "underweight" rating in a report on Friday, November 22nd.

Hedge Funds Weigh In On Vestis

Several large investors have recently modified their holdings of the business. Pacer Advisors Inc. acquired a new stake in shares of Vestis during the 4th quarter worth about $210,766,000. AQR Capital Management LLC increased its position in shares of Vestis by 47.4% during the fourth quarter. AQR Capital Management LLC now owns 3,125,669 shares of the company's stock valued at $47,635,000 after acquiring an additional 1,004,497 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Vestis by 46.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,095,278 shares of the company's stock valued at $47,172,000 after acquiring an additional 980,303 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Vestis by 111.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,631,652 shares of the company's stock worth $39,212,000 after acquiring an additional 1,384,413 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Vestis by 17.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,538,882 shares of the company's stock worth $38,693,000 after purchasing an additional 382,071 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Vestis Price Performance

Shares of VSTS traded down $0.02 during mid-day trading on Thursday, hitting $13.71. 570,535 shares of the company were exchanged, compared to its average volume of 1,306,017. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 171.45 and a beta of 1.16. Vestis has a 1-year low of $8.92 and a 1-year high of $20.07. The company has a 50 day moving average of $15.50 and a 200-day moving average of $14.81. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.43 and a current ratio of 1.80.

Vestis (NYSE:VSTS - Get Free Report) last announced its earnings results on Friday, January 31st. The company reported $0.14 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 in the previous year, the company earned $0.22 earnings per share. Analysts expect that Vestis will post 0.7 EPS for the current fiscal year.

Vestis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.035 per share. The ex-dividend date is Friday, February 21st. This represents a $0.14 annualized dividend and a yield of 1.02%. Vestis's dividend payout ratio (DPR) is 175.02%.

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.