Vestis Corporation (NYSE:VSTS) Receives Consensus Rating of “Strong Sell” from Brokerages

Shares of Vestis Corporation (NYSE:VSTS) have received an average rating of “Strong Sell” from the five brokerages that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $9.1250.

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Vestis from $6.00 to $5.50 and set an “underweight” rating for the company in a research note on Thursday, August 7th. Wall Street Zen raised shares of Vestis from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Vestis in a research report on Wednesday, October 8th.

Institutional Investors Weigh In On Vestis

Several institutional investors and hedge funds have recently bought and sold shares of VSTS. Landscape Capital Management L.L.C. grew its position in shares of Vestis by 10.5% in the 1st quarter. Landscape Capital Management L.L.C. now owns 18,447 shares of the company’s stock worth $183,000 after buying an additional 1,753 shares during the last quarter. Abacus Planning Group Inc. lifted its stake in Vestis by 8.9% in the third quarter. Abacus Planning Group Inc. now owns 28,058 shares of the company’s stock worth $127,000 after acquiring an additional 2,294 shares during the period. Federated Hermes Inc. lifted its stake in Vestis by 2.0% in the first quarter. Federated Hermes Inc. now owns 121,589 shares of the company’s stock worth $1,204,000 after acquiring an additional 2,352 shares during the period. Captrust Financial Advisors boosted its holdings in Vestis by 15.6% in the second quarter. Captrust Financial Advisors now owns 20,599 shares of the company’s stock valued at $118,000 after acquiring an additional 2,787 shares in the last quarter. Finally, Mariner LLC increased its position in Vestis by 3.2% during the 3rd quarter. Mariner LLC now owns 123,981 shares of the company’s stock valued at $562,000 after purchasing an additional 3,798 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Vestis Price Performance

NYSE VSTS traded up $0.55 during trading hours on Friday, reaching $6.08. 2,980,790 shares of the stock traded hands, compared to its average volume of 2,068,921. The stock has a 50 day simple moving average of $4.93 and a two-hundred day simple moving average of $5.42. Vestis has a 1 year low of $3.98 and a 1 year high of $17.83. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.84 and a quick ratio of 1.42. The company has a market cap of $801.59 million, a price-to-earnings ratio of -26.43 and a beta of 0.98.

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.