1,905 Shares in Vestis Co. (NYSE:VSTS) Bought by Spire Wealth Management

Spire Wealth Management acquired a new stake in Vestis Co. (NYSE:VSTS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,905 shares of the company’s stock, valued at approximately $29,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pacer Advisors Inc. acquired a new stake in Vestis in the fourth quarter valued at approximately $210,766,000. Annex Advisory Services LLC raised its holdings in shares of Vestis by 13.5% in the 4th quarter. Annex Advisory Services LLC now owns 293,899 shares of the company’s stock valued at $4,479,000 after purchasing an additional 34,951 shares in the last quarter. Merit Financial Group LLC purchased a new stake in shares of Vestis during the 4th quarter worth $234,000. Pallas Capital Advisors LLC grew its stake in shares of Vestis by 13.9% during the fourth quarter. Pallas Capital Advisors LLC now owns 26,868 shares of the company’s stock worth $409,000 after purchasing an additional 3,287 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Vestis by 3.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 45,687 shares of the company’s stock worth $681,000 after purchasing an additional 1,735 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Vestis Stock Up 0.2 %

VSTS opened at $13.78 on Monday. Vestis Co. has a one year low of $8.92 and a one year high of $20.28. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.43 and a current ratio of 1.80. The stock has a market capitalization of $1.82 billion, a P/E ratio of 172.27 and a beta of 1.16. The business’s 50-day simple moving average is $15.76 and its 200-day simple moving average is $14.76.

Vestis (NYSE:VSTS) last released its quarterly earnings results on Friday, January 31st. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. Vestis had a return on equity of 7.91% and a net margin of 0.34%. During the same quarter last year, the business earned $0.22 EPS. Analysts anticipate that Vestis Co. will post 0.7 EPS for the current year.

Vestis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 21st will be paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, February 21st. Vestis’s dividend payout ratio is currently 175.02%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Barclays lifted their price target on Vestis from $10.00 to $13.00 and gave the stock an “underweight” rating in a report on Friday, November 22nd. The Goldman Sachs Group boosted their target price on Vestis from $13.60 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. upped their price target on Vestis from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.