Militia Capital Management LLC Takes Position in Vestis Corporation $VSTS

Militia Capital Management LLC purchased a new position in Vestis Corporation (NYSE:VSTS) during the first quarter, HoldingsChannel reports. The fund purchased 78,660 shares of the company’s stock, valued at approximately $618,000.

Other hedge funds have also recently bought and sold shares of the company. Allen Capital Group LLC purchased a new position in Vestis in the 1st quarter valued at approximately $94,000. RBF Capital LLC increased its position in Vestis by 2.0% during the 1st quarter. RBF Capital LLC now owns 878,251 shares of the company’s stock worth $6,903,000 after purchasing an additional 17,009 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Vestis by 8.5% during the first quarter. Empowered Funds LLC now owns 502,782 shares of the company’s stock valued at $3,952,000 after buying an additional 39,433 shares during the period. Quantinno Capital Management LP lifted its stake in shares of Vestis by 2.1% during the 1st quarter. Quantinno Capital Management LP now owns 86,042 shares of the company’s stock worth $676,000 after purchasing an additional 1,756 shares during the period. Finally, Weiss Asset Management LP purchased a new position in Vestis during the first quarter worth about $584,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on VSTS shares. Weiss Ratings downgraded Vestis from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. Robert W. Baird boosted their target price on Vestis from $10.00 to $14.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Barclays increased their target price on shares of Vestis from $6.00 to $9.00 and gave the stock an “underweight” rating in a research report on Friday, May 15th. Stifel Nicolaus raised their price target on shares of Vestis from $8.50 to $11.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. Finally, Zacks Research upgraded shares of Vestis from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Vestis presently has an average rating of “Reduce” and an average price target of $9.50.

Vestis Trading Down 1.2%

Shares of VSTS opened at $14.28 on Tuesday. The stock’s 50-day moving average is $14.03 and its two-hundred day moving average is $10.38. The stock has a market cap of $1.89 billion, a PE ratio of -102.01 and a beta of 0.97. Vestis Corporation has a 12 month low of $3.98 and a 12 month high of $16.90. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.13 and a quick ratio of 1.69.

Vestis (NYSE:VSTS) last posted its earnings results on Tuesday, May 12th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.07. The business had revenue of $659.44 million during the quarter, compared to analyst estimates of $655.32 million. Vestis had a positive return on equity of 5.27% and a negative net margin of 0.63%.The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.05) earnings per share. Equities analysts forecast that Vestis Corporation will post 0.52 earnings per share for the current fiscal year.

Vestis 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. The company serves manufacturing, hospitality, retail, food processing, food service, pharmaceuticals, healthcare, automotive, and cleanroom industries.