Vestis (NYSE:VSTS) Price Target Raised to $15.00 at The Goldman Sachs Group

Vestis (NYSE:VSTS) had its price objective lifted by The Goldman Sachs Group from $13.60 to $15.00 in a report issued on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other analysts also recently commented on VSTS. Robert W. Baird downgraded shares of Vestis from an “outperform” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research report on Thursday, August 8th. Baird R W cut Vestis from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. upped their price target on Vestis from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Barclays boosted their target price on shares of Vestis from $10.00 to $13.00 and gave the stock an “underweight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.43.

Vestis Stock Up 1.8 %

VSTS stock opened at $16.31 on Friday. The business’s 50-day moving average price is $14.60 and its 200-day moving average price is $13.35. The stock has a market cap of $2.14 billion and a P/E ratio of 100.13. Vestis has a twelve month low of $8.92 and a twelve month high of $22.37. The company has a quick ratio of 1.36, a current ratio of 1.73 and a debt-to-equity ratio of 1.40.

Vestis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, December 13th. Vestis’s dividend payout ratio is currently 87.51%.

Hedge Funds Weigh In On Vestis

Hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Vestis in the third quarter worth about $238,000. Sanctuary Advisors LLC bought a new position in Vestis during the 3rd quarter worth about $303,000. Barclays PLC increased its position in Vestis by 445.4% during the 3rd quarter. Barclays PLC now owns 51,981 shares of the company’s stock valued at $774,000 after purchasing an additional 42,450 shares during the period. M&T Bank Corp purchased a new stake in shares of Vestis in the 3rd quarter worth approximately $169,000. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Vestis by 105.2% during the third quarter. Public Employees Retirement System of Ohio now owns 122,255 shares of the company’s stock valued at $1,822,000 after purchasing an additional 62,675 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

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.