Samson Rock Capital LLP Makes New Investment in Vestis Co. (NYSE:VSTS)

Samson Rock Capital LLP bought a new stake in Vestis Co. (NYSE:VSTS) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 150,000 shares of the company’s stock, valued at approximately $2,235,000. Vestis accounts for about 2.3% of Samson Rock Capital LLP’s holdings, making the stock its 5th biggest holding. Samson Rock Capital LLP owned about 0.11% of Vestis at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wahed Invest LLC bought a new position in Vestis in the fourth quarter valued at approximately $42,000. PNC Financial Services Group Inc. bought a new position in shares of Vestis in the 4th quarter valued at $65,000. Canada Pension Plan Investment Board acquired a new position in shares of Vestis during the 2nd quarter worth $44,000. GAMMA Investing LLC lifted its position in shares of Vestis by 143.5% during the 3rd quarter. GAMMA Investing LLC now owns 3,960 shares of the company’s stock worth $59,000 after buying an additional 2,334 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Vestis by 1,958.5% during the 1st quarter. CWM LLC now owns 4,817 shares of the company’s stock worth $93,000 after buying an additional 4,583 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Vestis Stock Performance

Shares of NYSE:VSTS opened at $14.75 on Wednesday. The company has a current ratio of 2.37, a quick ratio of 2.02 and a debt-to-equity ratio of 1.67. Vestis Co. has a 52 week low of $8.92 and a 52 week high of $22.37. The firm’s fifty day moving average is $14.10 and its 200-day moving average is $14.09.

Vestis (NYSE:VSTS) last announced its earnings results on Wednesday, August 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.10 by $0.06. The firm had revenue of $698.20 million for the quarter, compared to the consensus estimate of $688.33 million. Vestis had a return on equity of 18.00% and a net margin of 4.13%. Vestis’s revenue was down 1.6% compared to the same quarter last year. Research analysts forecast that Vestis Co. will post 0.64 EPS for the current fiscal year.

Vestis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th were given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, September 13th.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VSTS. The Goldman Sachs Group boosted their target price on Vestis from $12.50 to $13.80 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Robert W. Baird cut shares of Vestis from an “outperform” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research report on Thursday, August 8th. Finally, Baird R W lowered shares of Vestis from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.69.

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.