Key Points
- CEO James Barber bought 81,633 shares of Vestis at an average price of $6.34 on Dec. 3 for about $517,553, boosting his stake by 17.06% to 560,102 shares (worth roughly $3.55M).
- Vestis reported Q results on Dec. 1 with EPS $0.03 meeting estimates and revenue of $712.0M beating expectations, but still showed a negative net margin (-1.47%) despite 4.1% year‑over‑year revenue growth.
- Analyst sentiment is mixed-to-negative with a consensus labeled "Strong Sell" and a $5.95 target; several brokers recently nudged targets to ~$6–$6.50, and institutional ownership is very high (97.4%) with large additions from Jane Street and AIMCo.
Vestis Corporation (NYSE:VSTS - Get Free Report) CEO James Barber bought 81,633 shares of the business's stock in a transaction that occurred on Wednesday, December 3rd. The shares were acquired at an average price of $6.34 per share, for a total transaction of $517,553.22. Following the completion of the transaction, the chief executive officer owned 560,102 shares in the company, valued at $3,551,046.68. This trade represents a 17.06% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Vestis Trading Up 6.4%
Shares of NYSE VSTS opened at $6.98 on Friday. The firm has a 50 day moving average price of $5.40 and a two-hundred day moving average price of $5.42. The stock has a market cap of $920.43 million, a P/E ratio of -22.52 and a beta of 0.78. Vestis Corporation has a 52-week low of $3.98 and a 52-week high of $17.83. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.42 and a current ratio of 2.08.
Vestis (NYSE:VSTS - Get Free Report) last issued its quarterly earnings data on Monday, December 1st. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $712.01 million for the quarter, compared to analysts' expectations of $690.65 million. Vestis had a negative net margin of 1.47% and a positive return on equity of 2.62%. Vestis's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. As a group, equities analysts forecast that Vestis Corporation will post 0.7 EPS for the current year.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on VSTS. JPMorgan Chase & Co. increased their price target on Vestis from $5.50 to $6.00 and gave the company an "underweight" rating in a research note on Wednesday. Weiss Ratings reiterated a "sell (d)" rating on shares of Vestis in a report on Wednesday, October 8th. The Goldman Sachs Group raised their price target on shares of Vestis from $5.50 to $6.30 and gave the stock a "neutral" rating in a report on Tuesday. Wall Street Zen upgraded shares of Vestis from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Robert W. Baird increased their price objective on shares of Vestis from $5.00 to $6.50 and gave the stock a "neutral" rating in a research report on Tuesday. Two investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Strong Sell" and a consensus price target of $5.95.
Check Out Our Latest Stock Report on Vestis
Hedge Funds Weigh In On Vestis
Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its holdings in shares of Vestis by 700.5% in the first quarter. Jane Street Group LLC now owns 1,982,027 shares of the company's stock valued at $19,622,000 after purchasing an additional 1,734,442 shares in the last quarter. Ceera Investments LLC bought a new stake in Vestis during the second quarter worth $3,680,000. Alberta Investment Management Corp raised its position in Vestis by 57.7% in the 2nd quarter. Alberta Investment Management Corp now owns 9,692,000 shares of the company's stock valued at $55,535,000 after buying an additional 3,547,000 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Vestis during the 1st quarter valued at $637,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in Vestis during the 2nd quarter worth $710,000. 97.40% of the stock is owned by institutional investors and hedge funds.
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.
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