Thrivent Financial for Lutherans Sells 19,295 Shares of Vestis Co. (NYSE:VSTS)

Thrivent Financial for Lutherans trimmed its holdings in shares of Vestis Co. (NYSE:VSTS) by 17.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,829 shares of the company’s stock after selling 19,295 shares during the period. Thrivent Financial for Lutherans owned about 0.07% of Vestis worth $1,338,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Louisiana State Employees Retirement System boosted its holdings in Vestis by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 66,100 shares of the company’s stock valued at $808,000 after acquiring an additional 1,000 shares during the period. KBC Group NV boosted its stake in shares of Vestis by 51.9% during the third quarter. KBC Group NV now owns 4,741 shares of the company’s stock valued at $71,000 after purchasing an additional 1,619 shares during the period. Crossmark Global Holdings Inc. grew its holdings in shares of Vestis by 9.6% in the second quarter. Crossmark Global Holdings Inc. now owns 21,747 shares of the company’s stock worth $266,000 after purchasing an additional 1,900 shares during the last quarter. Everence Capital Management Inc. grew its holdings in shares of Vestis by 17.5% in the third quarter. Everence Capital Management Inc. now owns 14,210 shares of the company’s stock worth $212,000 after purchasing an additional 2,120 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Vestis by 143.5% in the third 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 period. 97.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

VSTS has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Vestis from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Barclays raised their target price on Vestis from $10.00 to $13.00 and gave the stock an “underweight” rating in a research note on Friday, November 22nd. The Goldman Sachs Group boosted their price target on Vestis from $13.60 to $15.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Baird R W cut Vestis from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Robert W. Baird lowered Vestis from an “outperform” rating to a “neutral” rating and set a $13.00 price objective on the stock. 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 two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $16.91.

Vestis Stock Performance

Vestis stock opened at $16.08 on Friday. Vestis Co. has a fifty-two week low of $8.92 and a fifty-two week high of $22.37. The stock’s 50 day simple moving average is $14.69 and its two-hundred day simple moving average is $13.48. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.36 and a current ratio of 1.73. The stock has a market cap of $2.12 billion and a price-to-earnings ratio of 100.50.

Vestis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.14 annualized dividend and a dividend yield of 0.87%. Vestis’s dividend payout ratio is presently 87.50%.

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.