Vestis (VSTS) Stock Price, News & Analysis

Company Overview

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. The company serves manufacturing, hospitality, retail, food processing, food service, pharmaceuticals, healthcare, automotive, and cleanroom industries. Vestis Corporation was founded in 1936 and is headquartered in Roswell, Georgia.

Key Stats

• Today's Range: $15.96 to $16.67
• 50-Day Range: $13.25 to $16.62
• 52-Week Range: $8.92 to $22.37
• Volume: 19.86 million shs
• Average Volume: 2.20 million shs
• Market Capitalization: $2.16 billion
• P/E Ratio: 102.44
• Dividend Yield: 0.85%
• Price Target: $15.73
• Consensus Rating: Hold

Vestis Stock Analysis - MarketRank™

Vestis scored higher than 52% of companies evaluated by MarketBeat, and ranked 115th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Vestis has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 7 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Vestis has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 25.76%

Earnings Growth

Earnings for Vestis are expected to grow by 25.76% in the coming year, from $0.66 to $0.83 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Vestis is 102.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.39.

Price to Earnings Ratio vs. Sector

The P/E ratio of Vestis is 102.44, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.08.

Price to Book Value per Share Ratio

Vestis has a P/B Ratio of 2.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.08% of the float of Vestis has been sold short.

Short Interest Ratio / Days to Cover

Vestis has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Vestis has recently decreased by 13.36%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Vestis has a dividend yield of 0.87%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Vestis does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Vestis is 87.50%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Vestis will have a dividend payout ratio of 16.87% next year. This indicates that Vestis will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.08% of the float of Vestis has been sold short.

Short Interest Ratio / Days to Cover

Vestis has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Vestis has recently decreased by 13.36%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.86

News Sentiment

Vestis has a news sentiment score of 0.86. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Vestis this week, compared to 6 articles on an average week.

Search Interest

2 people have searched for VSTS on MarketBeat in the last 30 days.

MarketBeat Follows

10 people have added Vestis to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Vestis insiders have not sold or bought any company stock.

Percentage Held by Institutions

97.40% of the stock of Vestis is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

VSTS Stock Analysis - Frequently Asked Questions

How have VSTS shares performed this year?

Vestis' stock was trading at $21.14 at the beginning of the year. Since then, VSTS shares have decreased by 22.5% and is now trading at $16.39.
View the best growth stocks for 2024 here.

How were Vestis' earnings last quarter?

Vestis Co. (NYSE:VSTS) released its earnings results on Thursday, November, 21st. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.02. Vestis's revenue was down 4.4% compared to the same quarter last year.

Who are Vestis' major shareholders?

Top institutional investors of Vestis include FMR LLC (7.31%), State Street Corp (2.95%), Wellington Management Group LLP (2.35%) and Jacobs Levy Equity Management Inc. (2.00%). Insiders that own company stock include Corvex Management Lp, Douglas A Pertz, Kim Scott, Ricky T Dillon, Timothy R Donovan, Williams Ena Koschel, Tracy C Jokinen and Grant Shih.
View institutional ownership trends.

How do I buy shares of Vestis?

Shares of VSTS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Vestis own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Vestis investors own include American Water Works (AWK), The RMR Group (RMR), Waste Connections (WCN), AUO (AUOTY), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Ex-Dividend for 10/3 Dividend: 9/13/2024
• Dividend Payable: 10/03/2024
• Last Earnings: 11/21/2024
• Ex-Dividend for 1/6 Dividend: 12/13/2024
• Today: 12/22/2024
• Dividend Payable: 1/06/2025
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Miscellaneous nondurable goods
• Sub-Industry: Wholesale
• Current Symbol: NYSE:VSTS
• CUSIP: N/A
• CIK: 1967649
• Web: www.aramarkuniform.com
• Phone: 818-973-3700
• Fax: N/A
• Employees: 10,800
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $15.73
• High Stock Price Target: $24.00
• Low Stock Price Target: $13.00
• Potential Upside/Downside: -4.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.16
• Trailing P/E Ratio: 102.44
• Forward P/E Ratio: 24.83
• P/E Growth: N/A
• Net Income: $20.97 million
• Net Margins: 0.75%
• Pretax Margin: 1.14%
• Return on Equity: 9.07%
• Return on Assets: 2.65%

Debt

• Debt-to-Equity Ratio: 1.40
• Current Ratio: 1.73
• Quick Ratio: 1.36

Sales & Book Value

• Annual Sales: $2.81 billion
• Price / Sales: 0.77
• Cash Flow: $1.77 per share
• Price / Cash Flow: 9.27
• Book Value: $6.87 per share
• Price / Book: 2.39

Miscellaneous

• Outstanding Shares: 131,530,000
• Free Float: N/A
• Market Cap: $2.16 billion
• Optionable: Optionable
• Beta: 1.17