Thrivent Financial for Lutherans Reduces Stock Holdings in Vestis Co. (NYSE:VSTS)

Thrivent Financial for Lutherans reduced its stake in shares of Vestis Co. (NYSE:VSTS) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,417 shares of the company’s stock after selling 1,412 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.07% of Vestis worth $1,347,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Vestis by 17.9% during the fourth quarter. GAMMA Investing LLC now owns 4,670 shares of the company’s stock valued at $71,000 after buying an additional 710 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Vestis by 104.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,000 shares of the company’s stock valued at $30,000 after acquiring an additional 1,020 shares in the last quarter. Swiss National Bank grew its holdings in shares of Vestis by 0.7% during the 4th quarter. Swiss National Bank now owns 232,750 shares of the company’s stock worth $3,547,000 after acquiring an additional 1,700 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Vestis by 3.9% during the 4th 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. Finally, Brooklyn Investment Group bought a new position in shares of Vestis in the 3rd quarter worth approximately $27,000. 97.40% of the stock is currently owned by institutional investors.

Vestis Stock Down 1.3 %

VSTS stock opened at $10.09 on Monday. The business has a 50 day moving average of $12.80 and a 200 day moving average of $14.38. The firm has a market cap of $1.33 billion, a PE ratio of 126.17 and a beta of 1.40. Vestis Co. has a twelve month low of $8.92 and a twelve month high of $19.76. 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 quarterly earnings results on Friday, January 31st. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm earned $0.22 earnings per share. On average, research analysts forecast that Vestis Co. will post 0.7 EPS for the current fiscal year.

Vestis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, February 21st were issued a $0.035 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.14 annualized dividend and a yield of 1.39%. Vestis’s dividend payout ratio (DPR) is presently 175.00%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Robert W. Baird dropped their price target on Vestis from $17.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. The Goldman Sachs Group dropped their target price 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. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.68.

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.