Vestis Co. (NYSE:VSTS) Director James Phillip Holloman Buys 20,200 Shares

Vestis Co. (NYSE:VSTS) Director James Phillip Holloman purchased 20,200 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average price of $9.93 per share, with a total value of $200,586.00. Following the completion of the purchase, the director now owns 44,132 shares of the company’s stock, valued at approximately $438,230.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Vestis Trading Up 3.1 %

NYSE VSTS opened at $10.55 on Thursday. Vestis Co. has a fifty-two week low of $8.92 and a fifty-two week high of $22.37. The company has a quick ratio of 2.16, a current ratio of 2.51 and a debt-to-equity ratio of 1.69. The firm’s fifty day moving average price is $17.83 and its two-hundred day moving average price is $18.60.

Vestis (NYSE:VSTS) last issued its earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.09). The business had revenue of $705.37 million during the quarter, compared to analyst estimates of $722.54 million. The firm’s revenue was up .9% on a year-over-year basis. As a group, sell-side analysts forecast that Vestis Co. will post 1.03 earnings per share for the current year.

Vestis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were issued a $0.035 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.14 dividend on an annualized basis and a yield of 1.33%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VSTS shares. The Goldman Sachs Group cut their target price on Vestis from $20.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday. Robert W. Baird decreased their target price on shares of Vestis from $24.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Wolfe Research started coverage on shares of Vestis in a report on Thursday, January 11th. They set an “outperform” rating and a $24.00 price target for the company. Barclays decreased their price objective on shares of Vestis from $19.00 to $10.00 and set an “underweight” rating on the stock in a research note on Friday, May 3rd. Finally, JPMorgan Chase & Co. downgraded Vestis from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $22.00 to $11.00 in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.38.

Institutional Investors Weigh In On Vestis

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. acquired a new position in shares of Vestis during the fourth quarter worth $302,586,000. Capital International Investors acquired a new position in Vestis during the 4th quarter worth about $125,586,000. Channing Capital Management LLC bought a new stake in shares of Vestis in the 4th quarter valued at about $72,529,000. Wellington Management Group LLP acquired a new stake in shares of Vestis in the fourth quarter valued at about $56,431,000. Finally, Victory Capital Management Inc. bought a new position in shares of Vestis during the fourth quarter worth about $48,292,000. 97.40% of the stock is owned by institutional investors.

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.