Vestis Co. (NYSE:VSTS) Receives $22.33 Average Price Target from Analysts

Vestis Co. (NYSE:VSTSGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $22.33.

VSTS has been the subject of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Vestis in a report on Monday, October 16th. They issued an “overweight” rating and a $20.00 target price for the company. The Goldman Sachs Group started coverage on Vestis in a research report on Thursday, January 25th. They issued a “neutral” rating and a $22.00 price target for the company. Wells Fargo & Company started coverage on Vestis in a research report on Friday, December 15th. They issued an “overweight” rating and a $24.00 price target for the company. Wolfe Research started coverage on Vestis in a research report on Thursday, January 11th. They issued an “outperform” rating and a $24.00 price target for the company. Finally, Stifel Nicolaus raised their price target on Vestis from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, November 30th.

Get Our Latest Analysis on VSTS

Vestis Price Performance

Shares of NYSE:VSTS opened at $22.30 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.58 and a debt-to-equity ratio of 1.79. Vestis has a fifty-two week low of $13.83 and a fifty-two week high of $22.37. The stock has a 50-day simple moving average of $20.32.

Vestis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Friday, December 15th were paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Thursday, December 14th.

Insider Transactions at Vestis

In other news, Director Douglas A. Pertz purchased 5,250 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was purchased at an average cost of $19.10 per share, for a total transaction of $100,275.00. Following the completion of the transaction, the director now owns 18,577 shares of the company’s stock, valued at $354,820.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Parkside Financial Bank & Trust purchased a new position in shares of Vestis in the 4th quarter valued at approximately $25,000. Sound Income Strategies LLC acquired a new stake in shares of Vestis in the 4th quarter valued at approximately $25,000. CI Investments Inc. acquired a new stake in shares of Vestis in the 3rd quarter valued at approximately $28,000. Daiwa Securities Group Inc. acquired a new position in Vestis during the fourth quarter worth $34,000. Finally, S.A. Mason LLC acquired a new position in Vestis during the fourth quarter worth $52,000.

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

Analyst Recommendations for Vestis (NYSE:VSTS)

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