Charles Schwab Investment Management Inc. Has $32.14 Million Holdings in Vestis Co. (NYSE:VSTS)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Vestis Co. (NYSE:VSTS - Free Report) by 9.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,156,811 shares of the company's stock after acquiring an additional 192,525 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.64% of Vestis worth $32,136,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its position in Vestis by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 66,100 shares of the company's stock worth $808,000 after acquiring an additional 1,000 shares during the last quarter. KBC Group NV raised its stake in shares of Vestis by 51.9% during the 3rd quarter. KBC Group NV now owns 4,741 shares of the company's stock worth $71,000 after purchasing an additional 1,619 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Vestis by 9.6% during 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. Everence Capital Management Inc. raised its stake in shares of Vestis by 17.5% during the 3rd quarter. Everence Capital Management Inc. now owns 14,210 shares of the company's stock worth $212,000 after purchasing an additional 2,120 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Vestis by 143.5% during the 3rd quarter. GAMMA Investing LLC now owns 3,960 shares of the company's stock worth $59,000 after purchasing an additional 2,334 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Vestis from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Barclays increased their price objective on Vestis from $10.00 to $13.00 and gave the stock an "underweight" rating in a research report on Friday, November 22nd. Baird R W cut Vestis from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 8th. Robert W. Baird lowered Vestis from an "outperform" rating to a "neutral" rating and set a $13.00 target price on the stock. in a report on Thursday, August 8th. Finally, The Goldman Sachs Group increased their target price on Vestis from $13.60 to $15.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $16.91.

Vestis Trading Down 0.2 %

Shares of VSTS traded down $0.03 during mid-day trading on Wednesday, reaching $16.36. 1,286,562 shares of the company were exchanged, compared to its average volume of 2,131,353. Vestis Co. has a 52 week low of $8.92 and a 52 week high of $22.37. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.36 and a current ratio of 1.73. The stock has a market capitalization of $2.15 billion, a PE ratio of 102.47 and a beta of 1.17. The business has a 50 day simple moving average of $14.72 and a two-hundred day simple moving average of $13.54.

Vestis (NYSE:VSTS - Get Free Report) last issued its quarterly earnings data on Thursday, November 21st. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). Vestis had a return on equity of 9.07% and a net margin of 0.75%. The company had revenue of $684.28 million for the quarter, compared to the consensus estimate of $693.54 million. The business's revenue for the quarter was down 4.4% compared to the same quarter last year. On average, analysts predict that Vestis Co. will post 0.66 earnings per share for the current fiscal year.

Vestis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be given a dividend of $0.035 per share. The ex-dividend date is Friday, December 13th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.86%. Vestis's dividend payout ratio (DPR) is 87.50%.

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.