Vestis Co. (NYSE:VSTS) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in Vestis Co. (NYSE:VSTS) by 1.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,719 shares of the company’s stock after selling 836 shares during the quarter. Yousif Capital Management LLC’s holdings in Vestis were worth $666,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Spire Wealth Management acquired a new position in shares of Vestis in the fourth quarter worth $29,000. Pacer Advisors Inc. acquired a new position in Vestis in the 4th quarter valued at about $210,766,000. Annex Advisory Services LLC lifted its holdings in Vestis by 13.5% in the 4th quarter. Annex Advisory Services LLC now owns 293,899 shares of the company’s stock valued at $4,479,000 after purchasing an additional 34,951 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of Vestis during the 4th quarter worth about $234,000. Finally, Pallas Capital Advisors LLC grew its holdings in shares of Vestis by 13.9% during the fourth quarter. Pallas Capital Advisors LLC now owns 26,868 shares of the company’s stock worth $409,000 after buying an additional 3,287 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on VSTS shares. The Goldman Sachs Group upped their price objective on shares of Vestis from $13.60 to $15.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Barclays increased their price target on Vestis from $10.00 to $13.00 and gave the stock an “underweight” rating in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. raised their price objective on Vestis from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, Vestis has a consensus rating of “Hold” and an average price target of $14.08.

Vestis Stock Performance

NYSE:VSTS opened at $13.71 on Friday. Vestis Co. has a fifty-two week low of $8.92 and a fifty-two week high of $20.07. The firm’s 50 day moving average is $15.50 and its two-hundred day moving average is $14.80. The company has a market cap of $1.81 billion, a P/E ratio of 171.45 and a beta of 1.16. The company has a quick ratio of 1.43, a current ratio of 1.80 and a debt-to-equity ratio of 1.39.

Vestis (NYSE:VSTS) last issued its earnings results on Friday, January 31st. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Vestis had a return on equity of 7.91% and a net margin of 0.34%. During the same period in the previous year, the company earned $0.22 EPS. Analysts expect that Vestis Co. will post 0.7 EPS for the current year.

Vestis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 21st will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, February 21st. Vestis’s dividend payout ratio (DPR) is presently 175.02%.

About Vestis

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.