Vestis Co. (NYSE:VSTS) Shares Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. raised its stake in shares of Vestis Co. (NYSE:VSTS) by 17.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,210 shares of the company’s stock after buying an additional 2,120 shares during the period. Everence Capital Management Inc.’s holdings in Vestis were worth $212,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of VSTS. Vanguard Group Inc. acquired a new position in Vestis during the 4th quarter valued at about $302,586,000. PNC Financial Services Group Inc. acquired a new position in Vestis during the 4th quarter valued at about $65,000. Allspring Global Investments Holdings LLC boosted its position in shares of Vestis by 2,290.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 101,064 shares of the company’s stock valued at $1,948,000 after purchasing an additional 96,836 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Vestis by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 677,163 shares of the company’s stock valued at $13,049,000 after purchasing an additional 4,572 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Vestis by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 120,230 shares of the company’s stock valued at $2,317,000 after purchasing an additional 2,686 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VSTS. Baird R W lowered shares of Vestis from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 8th. Robert W. Baird lowered shares of Vestis from an “outperform” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group raised their price objective on shares of Vestis from $12.50 to $13.80 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $16.69.

Vestis Price Performance

NYSE VSTS opened at $14.89 on Wednesday. The company has a 50 day simple moving average of $14.56 and a 200-day simple moving average of $13.82. The company has a debt-to-equity ratio of 1.67, a current ratio of 2.37 and a quick ratio of 2.02. Vestis Co. has a 52-week low of $8.92 and a 52-week high of $22.37.

Vestis (NYSE:VSTS) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. The business had revenue of $698.20 million during the quarter, compared to analyst estimates of $688.33 million. Vestis had a net margin of 4.13% and a return on equity of 18.00%. Vestis’s revenue for the quarter was down 1.6% compared to the same quarter last year. Research analysts anticipate that Vestis Co. will post 0.64 EPS for the current fiscal year.

Vestis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Friday, September 13th.

Vestis 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.