Vestis (NYSE:VSTS) Price Target Raised to $11.00

Vestis (NYSE:VSTS) had its target price hoisted by Stifel Nicolaus from $8.50 to $11.00 in a research report report published on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Several other equities analysts have also issued reports on VSTS. Weiss Ratings reiterated a “sell (d)” rating on shares of Vestis in a report on Monday, April 20th. Robert W. Baird lifted their target price on shares of Vestis from $10.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday. William Blair upgraded shares of Vestis from a “market perform” rating to an “outperform” rating in a report on Tuesday. The Goldman Sachs Group reiterated a “sell” rating and set a $7.50 target price on shares of Vestis in a report on Wednesday. Finally, Barclays restated an “underweight” rating on shares of Vestis in a report on Tuesday, February 17th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Vestis currently has an average rating of “Reduce” and an average target price of $9.50.

Vestis Price Performance

VSTS stock opened at $12.21 on Wednesday. The firm has a 50 day moving average price of $8.78 and a 200-day moving average price of $7.40. Vestis has a 52-week low of $3.98 and a 52-week high of $12.60. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -87.17 and a beta of 0.85. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.74 and a current ratio of 2.13.

Vestis (NYSE:VSTS) last released its earnings results on Tuesday, May 12th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.07. Vestis had a negative net margin of 0.63% and a positive return on equity of 5.27%. The firm had revenue of $659.44 million during the quarter, compared to analyst estimates of $655.32 million. During the same period last year, the business earned ($0.05) earnings per share. The business’s revenue was down .9% on a year-over-year basis. Equities research analysts forecast that Vestis will post 0.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Vestis

Hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its holdings in Vestis by 147.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,175 shares of the company’s stock worth $35,000 after acquiring an additional 3,082 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Vestis by 176.1% in the 4th quarter. Farther Finance Advisors LLC now owns 5,193 shares of the company’s stock worth $35,000 after acquiring an additional 3,312 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in Vestis in the 4th quarter worth approximately $36,000. EverSource Wealth Advisors LLC raised its holdings in Vestis by 471.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,456 shares of the company’s stock worth $31,000 after acquiring an additional 4,502 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in Vestis by 703.2% in the 2nd quarter. Osaic Holdings Inc. now owns 5,743 shares of the company’s stock worth $33,000 after purchasing an additional 5,028 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Vestis News Roundup

Here are the key news stories impacting Vestis this week:

• Positive Sentiment: Vestis reported modest profitability in its latest quarter, with earnings and revenue both coming in ahead of expectations, which helped reassure investors that its turnaround is gaining traction. Vestis (VSTS) Is Up 22.0% After Returning To Modest Profitability On Flat 2026 Revenue Guidance
• Positive Sentiment: The company raised its FY 2026 guidance for adjusted EBITDA to $295 million-$325 million and free cash flow to $120 million-$150 million, signaling improving operating leverage and cash generation. Vestis raises FY 2026 outlook to $295M-$325M adjusted EBITDA and $120M-$150M free cash flow
• Positive Sentiment: Analysts turned more constructive, with William Blair, Stifel, and Robert W. Baird all issuing upbeat views, while Zacks highlighted favorable earnings estimate revisions that could support further upside. William Blair upgrades Vestis (VSTS)
• Positive Sentiment: Recent commentary points to cost discipline, margin recovery, and commercial initiatives as additional catalysts, reinforcing the market’s belief that the company’s earnings trend is improving. VSTS Q1 deep dive: Cost discipline and commercial initiatives drive margin recovery

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. The company serves manufacturing, hospitality, retail, food processing, food service, pharmaceuticals, healthcare, automotive, and cleanroom industries.