New York State Common Retirement Fund Decreases Stock Holdings in Vestis Co. (NYSE:VSTS)

New York State Common Retirement Fund reduced its stake in shares of Vestis Co. (NYSE:VSTS - Free Report) by 10.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 343,703 shares of the company's stock after selling 40,424 shares during the period. New York State Common Retirement Fund owned about 0.26% of Vestis worth $5,238,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of VSTS. Brooklyn Investment Group bought a new position in Vestis in the 3rd quarter worth approximately $27,000. Spire Wealth Management bought a new position in Vestis in the 4th quarter worth approximately $29,000. Nomura Asset Management Co. Ltd. boosted its holdings in Vestis by 104.1% in 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 position in Vestis in the 3rd quarter worth approximately $41,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Vestis in the 3rd quarter worth approximately $51,000. 97.40% of the stock is owned by institutional investors.

Vestis Price Performance

Shares of NYSE VSTS traded down $0.26 during mid-day trading on Monday, reaching $11.60. 981,259 shares of the company were exchanged, compared to its average volume of 1,323,674. Vestis Co. has a 52 week low of $8.92 and a 52 week high of $19.76. The company has a quick ratio of 1.43, a current ratio of 1.80 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $1.53 billion, a PE ratio of 144.83 and a beta of 1.16. The company's 50 day moving average price is $14.85 and its 200 day moving average price is $14.83.

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

Vestis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, February 21st. Vestis's dividend payout ratio is currently 175.00%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VSTS. Barclays increased their target price on shares of Vestis from $10.00 to $13.00 and gave the stock an "underweight" rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. increased their target price on shares of Vestis from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Finally, The Goldman Sachs Group increased 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. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $14.08.

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.