Vestis Corporation (NYSE:VSTS) Given Consensus Recommendation of “Strong Sell” by Analysts

Shares of Vestis Corporation (NYSE:VSTS) have received an average recommendation of “Strong Sell” from the five analysts that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation and one has given a hold recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $5.8750.

VSTS has been the subject of a number of research reports. Barclays reaffirmed an “underweight” rating on shares of Vestis in a report on Tuesday, February 17th. Weiss Ratings reissued a “sell (d)” rating on shares of Vestis in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group lifted their price objective on shares of Vestis from $5.30 to $6.00 and gave the company a “sell” rating in a research note on Wednesday, February 11th.

Vestis Price Performance

NYSE VSTS opened at $7.84 on Friday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -21.18 and a beta of 0.40. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.17 and a quick ratio of 1.74. The stock’s fifty day moving average price is $7.53 and its 200 day moving average price is $6.39. Vestis has a 1 year low of $3.98 and a 1 year high of $9.80.

Vestis (NYSE:VSTS) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. The company had revenue of $663.39 million during the quarter, compared to analysts’ expectations of $665.77 million. Vestis had a positive return on equity of 2.08% and a negative net margin of 1.75%.The firm’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 EPS. As a group, equities research analysts forecast that Vestis will post 0.7 earnings per share for the current year.

Hedge Funds Weigh In On Vestis

Several institutional investors and hedge funds have recently modified their holdings of VSTS. State of Wyoming grew its holdings in Vestis by 10.4% during the fourth quarter. State of Wyoming now owns 15,145 shares of the company’s stock worth $101,000 after acquiring an additional 1,428 shares during the period. Abacus Planning Group Inc. lifted its holdings in Vestis by 8.9% in the third quarter. Abacus Planning Group Inc. now owns 28,058 shares of the company’s stock valued at $127,000 after acquiring an additional 2,294 shares during the period. Captrust Financial Advisors boosted its position in Vestis by 15.6% in the 2nd quarter. Captrust Financial Advisors now owns 20,599 shares of the company’s stock worth $118,000 after purchasing an additional 2,787 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Vestis by 147.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,175 shares of the company’s stock worth $35,000 after purchasing an additional 3,082 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Vestis by 176.1% during the 4th quarter. Farther Finance Advisors LLC now owns 5,193 shares of the company’s stock worth $35,000 after purchasing an additional 3,312 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

About Vestis

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.