Bfsg LLC Buys Shares of 6,376 Vestis Co. (NYSE:VSTS)

Bfsg LLC bought a new position in shares of Vestis Co. (NYSE:VSTS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,376 shares of the company’s stock, valued at approximately $135,000.

A number of other large investors also recently modified their holdings of VSTS. Strs Ohio acquired a new stake in Vestis during the 3rd quarter valued at approximately $359,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Vestis during the 3rd quarter worth $1,318,000. Wolverine Asset Management LLC acquired a new stake in shares of Vestis in the third quarter valued at $2,412,000. CI Investments Inc. acquired a new stake in shares of Vestis in the third quarter valued at $28,000. Finally, Soros Fund Management LLC acquired a new stake in shares of Vestis in the third quarter valued at $14,714,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Kim Scott bought 15,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price of $19.14 per share, with a total value of $287,100.00. Following the completion of the transaction, the chief executive officer now owns 183,131 shares in the company, valued at $3,505,127.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. The Goldman Sachs Group assumed coverage on Vestis in a research report on Thursday, January 25th. They set a “neutral” rating and a $22.00 price target on the stock. Barclays lowered Vestis from an “equal weight” rating to an “underweight” rating and upped their target price for the stock from $17.00 to $19.00 in a research report on Wednesday, February 28th. Finally, Wolfe Research began coverage on Vestis in a research report on Thursday, January 11th. They issued an “outperform” rating and a $24.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Vestis currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.56.

Vestis Stock Down 0.2 %

Shares of VSTS traded down $0.03 during trading hours on Thursday, hitting $18.67. 111,315 shares of the company were exchanged, compared to its average volume of 1,588,732. The firm’s 50 day moving average is $18.84 and its 200-day moving average is $18.65. Vestis Co. has a 52 week low of $13.83 and a 52 week high of $22.37. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.23 and a current ratio of 2.61.

Vestis (NYSE:VSTS) last announced its earnings results on Wednesday, February 7th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $717.90 million during the quarter, compared to analysts’ expectations of $724.72 million. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities analysts forecast that Vestis Co. will post 1.03 EPS for the current year.

Vestis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were given a $0.035 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.14 annualized dividend and a dividend yield of 0.75%.

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.