Vestis (VSTS) Set to Announce Quarterly Earnings on Wednesday

Vestis (NYSE:VSTSGet Free Report) is scheduled to be announcing its earnings results before the market opens on Wednesday, February 7th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Vestis Stock Performance

Vestis stock opened at $21.83 on Wednesday. The company has a current ratio of 2.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.79. Vestis has a 1-year low of $13.83 and a 1-year high of $21.99. The company has a 50 day simple moving average of $19.91.

Vestis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Friday, December 15th were paid a $0.035 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.64%.

Insider Activity at Vestis

In related news, Director Douglas A. Pertz acquired 5,250 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were acquired at an average price of $19.10 per share, with a total value of $100,275.00. Following the completion of the purchase, the director now directly owns 18,577 shares in the company, valued at $354,820.70. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Hedge Funds Weigh In On Vestis

A hedge fund recently bought a new stake in Vestis stock. Royal Bank of Canada bought a new position in shares of Vestis Co. (NYSE:VSTSFree Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 49,105 shares of the company’s stock, valued at approximately $948,000.

Analyst Ratings Changes

A number of analysts have commented on the company. Jefferies Financial Group initiated coverage on Vestis in a research report on Tuesday, November 21st. They set a “buy” rating and a $20.00 target price on the stock. Stifel Nicolaus upped their target price on Vestis from $20.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, November 30th. Wells Fargo & Company initiated coverage on Vestis in a report on Friday, December 15th. They issued an “overweight” rating and a $24.00 target price on the stock. Robert W. Baird initiated coverage on Vestis in a report on Tuesday, October 3rd. They issued an “outperform” rating and a $24.00 target price on the stock. Finally, JPMorgan Chase & Co. initiated coverage on Vestis in a report on Monday, October 16th. They issued an “overweight” rating and a $20.00 target price on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Vestis presently has an average rating of “Moderate Buy” and an average target price of $22.33.

Read Our Latest Analysis on VSTS

About Vestis

(Get Free Report)

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.

Further Reading

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