Vestis Co. (NYSE:VSTS) Receives $17.43 Average Target Price from Analysts

Shares of Vestis Co. (NYSE:VSTS - Get Free Report) have been given an average rating of "Hold" by the ten ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $16.91.

A number of analysts recently weighed in on VSTS shares. Robert W. Baird cut shares of Vestis from an "outperform" rating to a "neutral" rating and set a $13.00 price objective on the stock. in a report on Thursday, August 8th. Barclays raised 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. boosted their price objective on Vestis from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd. The Goldman Sachs Group raised their target price on Vestis from $13.60 to $15.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Finally, Baird R W lowered Vestis from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 8th.

Vestis Stock Performance

NYSE VSTS traded down $0.10 during trading hours on Friday, hitting $16.08. The company had a trading volume of 637,034 shares, compared to its average volume of 1,775,894. The company has a quick ratio of 1.36, a current ratio of 1.73 and a debt-to-equity ratio of 1.40. The firm has a market cap of $2.12 billion and a P/E ratio of 100.50. Vestis has a fifty-two week low of $8.92 and a fifty-two week high of $22.37. The business has a fifty day simple moving average of $14.69 and a 200-day simple moving average of $13.48.

Vestis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, December 13th. Vestis's dividend payout ratio is presently 87.50%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VSTS. Louisiana State Employees Retirement System increased its holdings in shares of Vestis by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 66,100 shares of the company's stock valued at $808,000 after buying an additional 1,000 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Vestis by 104.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,000 shares of the company's stock worth $30,000 after purchasing an additional 1,020 shares during the period. KBC Group NV lifted its holdings in shares of Vestis by 51.9% during the third 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. Brooklyn Investment Group acquired a new position in shares of Vestis in the 3rd quarter valued at $27,000. Finally, Crossmark Global Holdings Inc. increased its stake in Vestis by 9.6% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 21,747 shares of the company's stock worth $266,000 after purchasing an additional 1,900 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

About Vestis

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.