Vestis (NYSE:VSTS) Price Target Raised to $16.00 at Robert W. Baird

Vestis (NYSE:VSTS) had its price objective increased by Robert W. Baird from $15.00 to $16.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 15.68% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the company. William Blair raised Vestis from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Zacks Research lowered Vestis from a “strong-buy” rating to a “hold” rating in a research note on Monday. Barclays lifted their price objective on Vestis from $6.00 to $9.00 and gave the stock an “underweight” rating in a research note on Friday, May 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vestis in a research report on Friday. Finally, The Goldman Sachs Group reissued a “sell” rating on shares of Vestis in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $9.90.

Vestis Trading Down 0.3%

VSTS stock opened at $13.83 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.13 and a quick ratio of 1.69. Vestis has a 1-year low of $3.98 and a 1-year high of $16.90. The business has a 50 day simple moving average of $14.21 and a two-hundred day simple moving average of $10.68. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of -98.79 and a beta of 0.97.

Vestis (NYSE:VSTS) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.08. Vestis had a negative net margin of 0.63% and a positive return on equity of 5.27%. The firm had revenue of $661.66 million for the quarter, compared to analysts’ expectations of $668.94 million. Research analysts anticipate that Vestis will post 0.52 EPS for the current fiscal year.

Institutional Trading of Vestis

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Vestis by 10.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 355,493 shares of the company’s stock worth $3,519,000 after purchasing an additional 34,809 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Vestis during the first quarter valued at approximately $762,000. Creative Planning purchased a new stake in shares of Vestis in the second quarter worth approximately $65,000. JPMorgan Chase & Co. raised its holdings in shares of Vestis by 739.5% in the second quarter. JPMorgan Chase & Co. now owns 675,770 shares of the company’s stock worth $3,872,000 after buying an additional 595,276 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Vestis by 9.8% in the second quarter. American Century Companies Inc. now owns 275,531 shares of the company’s stock worth $1,579,000 after buying an additional 24,695 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Vestis News Summary

Here are the key news stories impacting Vestis this week:

• Positive Sentiment: Adjusted earnings were $0.18 per share, exceeding analyst estimates of approximately $0.10–$0.11 and rising from $0.05 a year earlier. Adjusted net income was $24.2 million, while adjusted EBITDA reached $80.9 million. Vestis Q3 Earnings Surpass Estimates
• Positive Sentiment: Vestis increased its full-year 2026 outlook. The company maintained revenue guidance of approximately $2.7 billion, broadly in line with consensus, while a higher cash-flow outlook helped offset the quarterly revenue shortfall. Vestis Reports Third Quarter 2026 Results and Increases Full Year 2026 Outlook
• Neutral Sentiment: Fiscal third-quarter revenue was $661.7 million, slightly below the $668.9 million analyst consensus. Net income totaled $11.0 million, or $0.08 per diluted share, and the company’s reported net margin remained slightly negative. Vestis Fiscal Q3 Earnings Snapshot
• Neutral Sentiment: Management discussed the third-quarter performance and updated outlook on the earnings call, which investors may review for details on operating trends, margins and cash generation. Vestis Q3 2026 Earnings Call Transcript
• Negative Sentiment: Zacks Research downgraded Vestis from “strong buy” to “hold.” The change could temper bullish sentiment despite the earnings beat and improved cash-flow outlook. Zacks.com

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