Oxford Asset Management LLP Purchases Shares of 37,446 Vestis Co. (NYSE:VSTS)

Oxford Asset Management LLP purchased a new stake in Vestis Co. (NYSE:VSTS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 37,446 shares of the company's stock, valued at approximately $571,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. purchased a new position in Vestis in the fourth quarter worth approximately $210,766,000. First Trust Advisors LP purchased a new position in shares of Vestis during the fourth quarter worth $22,936,000. Birnam Oak Advisors LP purchased a new position in shares of Vestis during the fourth quarter worth $21,446,000. Dimensional Fund Advisors LP boosted its position in shares of Vestis by 46.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,095,278 shares of the company's stock worth $47,172,000 after buying an additional 980,303 shares during the period. Finally, Topline Capital Management LLC purchased a new position in shares of Vestis during the fourth quarter worth $6,880,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analyst Weigh In

VSTS has been the subject of several research analyst reports. Barclays lowered their price target on Vestis from $13.00 to $10.00 and set an "underweight" rating for the company in a research report on Friday, April 4th. The Goldman Sachs Group lowered their price target on Vestis from $15.00 to $13.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, Robert W. Baird lowered their price target on Vestis from $17.00 to $13.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, Vestis has an average rating of "Hold" and a consensus target price of $13.08.

Vestis Stock Down 2.3 %

Shares of VSTS stock traded down $0.21 during trading hours on Wednesday, reaching $8.73. 1,199,604 shares of the stock were exchanged, compared to its average volume of 2,320,817. The business's fifty day moving average is $9.80 and its two-hundred day moving average is $13.27. 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 Co. has a 12-month low of $7.35 and a 12-month high of $18.95. The firm has a market capitalization of $1.15 billion, a P/E ratio of 109.14 and a beta of 1.55.

Vestis (NYSE:VSTS - Get Free Report) last released its earnings results on Friday, January 31st. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. Vestis had a net margin of 0.34% and a return on equity of 7.91%. During the same quarter last year, the business earned $0.22 EPS. As a group, research analysts expect that Vestis Co. will post 0.7 EPS for the current fiscal year.

Vestis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, February 21st were paid a $0.035 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.14 annualized dividend and a yield of 1.60%. Vestis's dividend payout ratio is currently 175.00%.

Vestis 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.