Vestis Co. (NYSE:VSTS - Get Free Report) Director James Phillip Holloman acquired 20,200 shares of the firm's stock in a transaction on Friday, May 3rd. The shares were bought at an average price of $9.93 per share, for a total transaction of $200,586.00. Following the completion of the transaction, the director now owns 44,132 shares of the company's stock, valued at $438,230.76. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Vestis Price Performance
Shares of NYSE:VSTS opened at $9.91 on Tuesday. The firm's 50 day simple moving average is $18.19 and its 200-day simple moving average is $18.69. The company has a quick ratio of 2.16, a current ratio of 2.51 and a debt-to-equity ratio of 1.69. Vestis Co. has a one year low of $8.92 and a one year high of $22.37.
Vestis (NYSE:VSTS - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.09). The company had revenue of $705.37 million during the quarter, compared to the consensus estimate of $722.54 million. The company's revenue was up .9% on a year-over-year basis. Analysts forecast that Vestis Co. will post 1.03 earnings per share for the current year.
Vestis Announces Dividend
The ONE AI Stock to own now. (It’s not Nvidia.)
From Weiss Ratings | Ad
Don’t panic — you haven’t missed the boat on AI.
In fact, it has barely launched.
Sure, the early stages of this boom were big …
But I believe the real wealth in AI has yet to be made …
Click here to see the presentation now.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Thursday, March 14th.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on VSTS. Barclays cut their target price on Vestis from $19.00 to $10.00 and set an "underweight" rating on the stock in a research report on Friday. JPMorgan Chase & Co. downgraded shares of Vestis from an "overweight" rating to a "neutral" rating and cut their price target for the company from $22.00 to $11.00 in a report on Friday. Robert W. Baird reduced their price objective on shares of Vestis from $24.00 to $13.00 and set an "outperform" rating on the stock in a research report on Friday. Wolfe Research assumed coverage on Vestis in a research report on Thursday, January 11th. They set an "outperform" rating and a $24.00 target price for the company. Finally, Stifel Nicolaus reaffirmed a "hold" rating on shares of Vestis in a research note on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $18.11.
Check Out Our Latest Stock Analysis on Vestis
Institutional Trading of Vestis
Institutional investors and hedge funds have recently made changes to their positions in the company. Parkside Financial Bank & Trust bought a new position in Vestis during the 4th quarter worth about $25,000. Sound Income Strategies LLC bought a new position in shares of Vestis during the fourth quarter valued at approximately $25,000. CI Investments Inc. purchased a new position in Vestis during the third quarter valued at approximately $28,000. Daiwa Securities Group Inc. bought a new position in Vestis in the fourth quarter worth approximately $34,000. Finally, Wahed Invest LLC purchased a new stake in Vestis during the fourth quarter worth $42,000. 97.40% of the stock is currently owned by institutional investors.
Vestis Company Profile
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
