Vestis Corporation (NYSE:VSTS) Given Average Recommendation of “Strong Sell” by Brokerages

Vestis Corporation (NYSE:VSTS) has been assigned a consensus recommendation of “Strong Sell” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $9.1250.

VSTS has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Vestis in a report on Wednesday, October 8th. Wall Street Zen raised Vestis from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, JPMorgan Chase & Co. reduced their price objective on Vestis from $6.00 to $5.50 and set an “underweight” rating on the stock in a research report on Thursday, August 7th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Alberta Investment Management Corp lifted its stake in Vestis by 57.7% in the second quarter. Alberta Investment Management Corp now owns 9,692,000 shares of the company’s stock valued at $55,535,000 after buying an additional 3,547,000 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Vestis by 1,265.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,960,150 shares of the company’s stock valued at $8,879,000 after acquiring an additional 1,816,633 shares during the last quarter. Jane Street Group LLC grew its position in Vestis by 700.5% during the 1st quarter. Jane Street Group LLC now owns 1,982,027 shares of the company’s stock worth $19,622,000 after acquiring an additional 1,734,442 shares during the last quarter. AQR Capital Management LLC increased its holdings in Vestis by 49.4% in the 1st quarter. AQR Capital Management LLC now owns 4,669,670 shares of the company’s stock worth $45,950,000 after purchasing an additional 1,544,001 shares in the last quarter. Finally, Medina Value Partners LLC bought a new stake in shares of Vestis in the third quarter worth $6,469,000. Institutional investors own 97.40% of the company’s stock.

Vestis Stock Performance

VSTS stock traded up $0.55 during trading hours on Friday, reaching $6.08. The stock had a trading volume of 2,980,790 shares, compared to its average volume of 2,068,921. Vestis has a fifty-two week low of $3.98 and a fifty-two week high of $17.83. The stock has a 50-day simple moving average of $4.93 and a 200 day simple moving average of $5.42. 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 stock has a market capitalization of $801.59 million, a PE ratio of -26.43 and a beta of 0.98.

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.