William Blair Analysts Reduce Earnings Estimates for Vestis

Vestis Co. (NYSE:VSTS) – Analysts at William Blair decreased their Q1 2025 earnings per share (EPS) estimates for Vestis in a research note issued on Friday, November 22nd. William Blair analyst T. Mulrooney now forecasts that the company will earn $0.11 per share for the quarter, down from their prior estimate of $0.18. The consensus estimate for Vestis’ current full-year earnings is $0.68 per share. William Blair also issued estimates for Vestis’ Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.19 EPS and FY2025 earnings at $0.64 EPS.

Other equities analysts have also issued reports about the stock. Robert W. Baird lowered shares of Vestis from an “outperform” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research report on Thursday, August 8th. The Goldman Sachs Group upped their target price on Vestis from $13.60 to $15.00 and gave the stock a “neutral” rating in a research note on Friday. Barclays lifted their price objective on shares of Vestis from $10.00 to $13.00 and gave the company an “underweight” rating in a report on Friday. JPMorgan Chase & Co. upped their target price on Vestis from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Baird R W lowered shares of Vestis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $17.43.

Vestis Stock Up 2.6 %

Vestis stock opened at $16.02 on Monday. The business has a fifty day moving average price of $14.60 and a 200-day moving average price of $13.33. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.73 and a quick ratio of 2.02. Vestis has a 1-year low of $8.92 and a 1-year high of $22.37. The stock has a market capitalization of $2.11 billion and a price-to-earnings ratio of 100.13.

Institutional Investors Weigh In On Vestis

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in Vestis by 445.4% during the third quarter. Barclays PLC now owns 51,981 shares of the company’s stock worth $774,000 after purchasing an additional 42,450 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Vestis during the 3rd quarter worth about $169,000. Public Employees Retirement System of Ohio increased its stake in Vestis by 105.2% in 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 during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Vestis by 104.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,000 shares of the company’s stock worth $30,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of Vestis during the third quarter worth about $1,232,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Vestis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Friday, December 13th. Vestis’s payout ratio is currently 87.51%.

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.