James Phillip Holloman Buys 20,200 Shares of Vestis Co. (NYSE:VSTS) Stock

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 cost of $9.93 per share, with a total value of $200,586.00. Following the completion of the transaction, the director now directly owns 44,132 shares in the company, valued at approximately $438,230.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vestis Price Performance

Vestis stock traded up $0.50 during trading hours on Monday, hitting $9.91. The stock had a trading volume of 11,832,602 shares, compared to its average volume of 2,267,879. Vestis Co. has a 1-year low of $8.92 and a 1-year high of $22.37. The company has a quick ratio of 2.16, a current ratio of 2.51 and a debt-to-equity ratio of 1.69. The stock's fifty day moving average is $18.19 and its two-hundred day moving average is $18.69.

Vestis (NYSE:VSTS - Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.09). The business had revenue of $705.37 million for the quarter, compared to the consensus estimate of $722.54 million. The firm's revenue was up .9% on a year-over-year basis. As a group, analysts anticipate that Vestis Co. will post 1.03 EPS for the current year.

Vestis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were issued a $0.035 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.41%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Robert W. Baird cut their price objective on shares of Vestis from $24.00 to $13.00 and set an "outperform" rating for the company in a research report on Friday. The Goldman Sachs Group reduced their price objective on shares of Vestis from $20.00 to $11.00 and set a "neutral" rating for the company in a research report on Monday. JPMorgan Chase & Co. cut Vestis from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $22.00 to $11.00 in a research report on Friday. Wolfe Research assumed coverage on Vestis in a report on Thursday, January 11th. They issued an "outperform" rating and a $24.00 price target for the company. Finally, Stifel Nicolaus reaffirmed a "hold" rating on shares of Vestis in a report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Vestis has an average rating of "Hold" and a consensus target price of $18.11.

Hedge Funds Weigh In On Vestis

A number of institutional investors have recently made changes to their positions in VSTS. Sound Income Strategies LLC acquired a new position in shares of Vestis in the fourth quarter worth $25,000. Parkside Financial Bank & Trust acquired a new position in shares of Vestis in the fourth quarter worth $25,000. CI Investments Inc. acquired a new position in shares of Vestis in the third quarter worth $28,000. Daiwa Securities Group Inc. acquired a new position in shares of Vestis in the fourth quarter worth $34,000. Finally, TFO Wealth Partners LLC acquired a new position in shares of Vestis in the fourth quarter worth $42,000. 97.40% of the stock is owned by institutional investors and hedge funds.

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.