Vestis Co. (NYSE:VSTS) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its position in shares of Vestis Co. (NYSE:VSTS) by 1.9% during the fourth quarter, HoldingsChannel reports. The firm owned 43,719 shares of the company’s stock after selling 836 shares during the quarter. Yousif Capital Management LLC’s holdings in Vestis were worth $666,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VSTS. Brooklyn Investment Group bought a new position in shares of Vestis during the third quarter worth about $27,000. Spire Wealth Management acquired a new stake in Vestis during the fourth quarter valued at approximately $29,000. Nomura Asset Management Co. Ltd. lifted its holdings in Vestis by 104.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,000 shares of the company’s stock worth $30,000 after buying an additional 1,020 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Vestis in the 3rd quarter worth approximately $41,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Vestis in the 3rd quarter worth approximately $51,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VSTS. Barclays increased their target price on shares of Vestis from $10.00 to $13.00 and gave the stock an “underweight” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. increased their price objective on shares of Vestis from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Finally, The Goldman Sachs Group lifted their target price on Vestis from $13.60 to $15.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.08.

Vestis Price Performance

NYSE VSTS opened at $13.71 on Friday. The firm has a market cap of $1.81 billion, a P/E ratio of 171.45 and a beta of 1.16. The stock’s 50-day moving average is $15.50 and its two-hundred day moving average is $14.80. Vestis Co. has a fifty-two week low of $8.92 and a fifty-two week high of $20.07. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.80 and a quick ratio of 1.43.

Vestis (NYSE:VSTS) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Vestis had a return on equity of 7.91% and a net margin of 0.34%. During the same period in the prior year, the company earned $0.22 EPS. On average, analysts anticipate that Vestis Co. will post 0.7 earnings per share for the current fiscal year.

Vestis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Friday, February 21st will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, February 21st. Vestis’s dividend payout ratio (DPR) is presently 175.02%.

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.