Vestis (NYSE:VSTS - Get Free Report) had its price target hoisted by equities researchers at Robert W. Baird from $15.00 to $16.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Robert W. Baird's price objective indicates a potential upside of 15.68% from the stock's current price.
VSTS has been the topic of several other reports. William Blair raised Vestis from a "market perform" rating to an "outperform" rating in a report on Tuesday, May 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of Vestis in a report on Friday. The Goldman Sachs Group restated a "sell" rating on shares of Vestis in a research note on Tuesday. Zacks Research cut shares of Vestis from a "strong-buy" rating to a "hold" rating in a research note on Monday. Finally, Barclays boosted their target price on shares of Vestis from $6.00 to $9.00 and gave the company an "underweight" rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $9.90.
Get Our Latest Analysis on VSTS
Vestis Stock Performance
Shares of NYSE VSTS opened at $13.83 on Wednesday. The firm's 50-day moving average price is $14.21 and its 200-day moving average price is $10.68. Vestis has a 52-week low of $3.98 and a 52-week high of $16.90. The company has a market cap of $1.83 billion, a PE ratio of -98.79 and a beta of 0.97. The company has a quick ratio of 1.69, a current ratio of 2.13 and a debt-to-equity ratio of 1.44.
Vestis (NYSE:VSTS - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.08. Vestis had a negative net margin of 0.63% and a positive return on equity of 5.27%. The firm had revenue of $661.66 million during the quarter, compared to analysts' expectations of $668.94 million. As a group, analysts anticipate that Vestis will post 0.52 EPS for the current year.
Institutional Investors Weigh In On Vestis
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Vestis by 10.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 355,493 shares of the company's stock valued at $3,519,000 after purchasing an additional 34,809 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Vestis in the first quarter worth $762,000. Creative Planning purchased a new stake in shares of Vestis in the second quarter worth $65,000. JPMorgan Chase & Co. raised its position in shares of Vestis by 739.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 675,770 shares of the company's stock valued at $3,872,000 after purchasing an additional 595,276 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Vestis by 9.8% during the 2nd quarter. American Century Companies Inc. now owns 275,531 shares of the company's stock valued at $1,579,000 after purchasing an additional 24,695 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.
Key Vestis News
Here are the key news stories impacting Vestis this week:
- Positive Sentiment: Adjusted earnings were $0.18 per share, exceeding analyst estimates of approximately $0.10–$0.11 and rising from $0.05 a year earlier. Adjusted net income was $24.2 million, while adjusted EBITDA reached $80.9 million. Vestis Q3 Earnings Surpass Estimates
- Positive Sentiment: Vestis increased its full-year 2026 outlook. The company maintained revenue guidance of approximately $2.7 billion, broadly in line with consensus, while a higher cash-flow outlook helped offset the quarterly revenue shortfall. Vestis Reports Third Quarter 2026 Results and Increases Full Year 2026 Outlook
- Neutral Sentiment: Fiscal third-quarter revenue was $661.7 million, slightly below the $668.9 million analyst consensus. Net income totaled $11.0 million, or $0.08 per diluted share, and the company’s reported net margin remained slightly negative. Vestis Fiscal Q3 Earnings Snapshot
- Neutral Sentiment: Management discussed the third-quarter performance and updated outlook on the earnings call, which investors may review for details on operating trends, margins and cash generation. Vestis Q3 2026 Earnings Call Transcript
- Negative Sentiment: Zacks Research downgraded Vestis from “strong buy” to “hold.” The change could temper bullish sentiment despite the earnings beat and improved cash-flow outlook. Zacks.com
About Vestis
(
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. The company serves manufacturing, hospitality, retail, food processing, food service, pharmaceuticals, healthcare, automotive, and cleanroom industries.
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