Vestis Corporation $VSTS Shares Bought by American Century Companies Inc.

American Century Companies Inc. increased its holdings in Vestis Corporation (NYSE:VSTS) by 9.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 250,836 shares of the company’s stock after buying an additional 22,400 shares during the quarter. American Century Companies Inc. owned about 0.19% of Vestis worth $2,483,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Vestis during the 4th quarter worth approximately $334,000. Northern Trust Corp grew its stake in shares of Vestis by 3.7% during the 4th quarter. Northern Trust Corp now owns 1,067,696 shares of the company’s stock worth $16,272,000 after purchasing an additional 38,056 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of Vestis during the 4th quarter worth approximately $25,805,000. BNP Paribas Financial Markets acquired a new stake in shares of Vestis during the 4th quarter worth approximately $1,357,000. Finally, Captrust Financial Advisors grew its stake in shares of Vestis by 81.9% during the 4th quarter. Captrust Financial Advisors now owns 24,505 shares of the company’s stock worth $373,000 after purchasing an additional 11,034 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

VSTS has been the topic of a number of analyst reports. Barclays dropped their price objective on shares of Vestis from $10.00 to $5.00 and set an “underweight” rating on the stock in a research note on Friday, May 9th. Wall Street Zen raised shares of Vestis from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Vestis from $6.00 to $5.50 and set an “underweight” rating on the stock in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $9.13.

Vestis Trading Up 1.2%

Shares of NYSE:VSTS opened at $4.67 on Monday. Vestis Corporation has a 1 year low of $4.32 and a 1 year high of $17.83. The firm has a market capitalization of $616.22 million, a price-to-earnings ratio of -20.32 and a beta of 0.98. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.84 and a quick ratio of 1.42. The business’s 50 day moving average price is $5.61 and its 200-day moving average price is $7.57.

Vestis (NYSE:VSTS) last announced its earnings results on Tuesday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. Vestis had a positive return on equity of 3.76% and a negative net margin of 1.11%.The firm had revenue of $673.80 million for the quarter, compared to analyst estimates of $673.65 million. During the same quarter last year, the firm posted $0.16 EPS. The business’s revenue was down 3.5% on a year-over-year basis. On average, equities research analysts forecast that Vestis Corporation will post 0.7 earnings per share for the current fiscal year.

Vestis 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.