Proficio Capital Partners LLC Takes $185,000 Position in Vestis Co. (NYSE:VSTS)

Proficio Capital Partners LLC bought a new position in Vestis Co. (NYSE:VSTS) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 12,146 shares of the company’s stock, valued at approximately $185,000.

A number of other large investors have also recently added to or reduced their stakes in VSTS. GAMMA Investing LLC grew its position in shares of Vestis by 17.9% in the fourth quarter. GAMMA Investing LLC now owns 4,670 shares of the company’s stock valued at $71,000 after purchasing an additional 710 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Vestis by 104.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,000 shares of the company’s stock valued at $30,000 after purchasing an additional 1,020 shares during the period. KBC Group NV grew its stake in shares of Vestis by 51.9% in the third quarter. KBC Group NV now owns 4,741 shares of the company’s stock worth $71,000 after acquiring an additional 1,619 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Vestis by 3.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 45,687 shares of the company’s stock valued at $681,000 after purchasing an additional 1,735 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Vestis during the third quarter valued at about $27,000. Institutional investors own 97.40% of the company’s stock.

Vestis Stock Down 0.3 %

NYSE:VSTS opened at $10.93 on Thursday. The stock’s fifty day moving average price is $14.16 and its two-hundred day moving average price is $14.69. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 136.67 and a beta of 1.40. Vestis Co. has a 52-week low of $8.92 and a 52-week high of $19.76. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.43 and a current ratio of 1.80.

Vestis (NYSE:VSTS) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating 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 firm earned $0.22 EPS. On average, analysts anticipate that Vestis Co. will post 0.7 EPS for the current year.

Vestis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 21st will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, February 21st. Vestis’s dividend payout ratio is 175.00%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays raised their target price on Vestis from $10.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. upped their target price on shares of Vestis from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Finally, The Goldman Sachs Group lifted their target price on shares of Vestis from $13.60 to $15.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average 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.