Dimensional Fund Advisors LP lifted its position in Vestis Co. (NYSE:VSTS - Free Report) by 46.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,095,278 shares of the company's stock after acquiring an additional 980,303 shares during the period. Dimensional Fund Advisors LP owned 2.35% of Vestis worth $47,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VSTS. Barclays PLC increased its holdings in shares of Vestis by 445.4% in the third quarter. Barclays PLC now owns 51,981 shares of the company's stock valued at $774,000 after purchasing an additional 42,450 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Vestis in the 3rd quarter worth approximately $238,000. Franklin Resources Inc. lifted its stake in Vestis by 34.1% during the 3rd quarter. Franklin Resources Inc. now owns 561,384 shares of the company's stock valued at $8,404,000 after acquiring an additional 142,854 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Vestis by 17.9% in the 4th quarter. GAMMA Investing LLC now owns 4,670 shares of the company's stock valued at $71,000 after acquiring an additional 710 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Vestis by 3.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 45,687 shares of the company's stock worth $681,000 after acquiring an additional 1,735 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.
Vestis Stock Up 3.1 %
Vestis stock opened at $8.97 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.80 and a quick ratio of 1.43. The stock has a market capitalization of $1.18 billion, a PE ratio of 112.14 and a beta of 1.61. The business has a 50 day simple moving average of $9.55 and a 200-day simple moving average of $13.15. Vestis Co. has a 12 month low of $7.35 and a 12 month high of $17.83.
Vestis (NYSE:VSTS - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.14 EPS for the quarter, topping the consensus estimate 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 period last year, the firm posted $0.22 earnings per share. On average, analysts anticipate that Vestis Co. will post 0.7 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have commented on VSTS. The Goldman Sachs Group lowered their price target on shares of Vestis from $15.00 to $13.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Robert W. Baird dropped their target price on Vestis from $17.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Finally, Barclays decreased their price target on Vestis from $13.00 to $10.00 and set an "underweight" rating for the company in a report on Friday, April 4th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $13.08.
Read Our Latest Report on VSTS
Vestis Company Profile
(
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.
Featured Stories
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