Vestis Corporation $VSTS Shares Sold by Caxton Associates LLP

Caxton Associates LLP cut its position in Vestis Corporation (NYSE:VSTS) by 48.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 157,786 shares of the company’s stock after selling 145,613 shares during the quarter. Caxton Associates LLP’s holdings in Vestis were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Militia Capital Management LLC acquired a new stake in shares of Vestis during the first quarter valued at about $225,000. Illinois Municipal Retirement Fund lifted its stake in shares of Vestis by 9.2% in the first quarter. Illinois Municipal Retirement Fund now owns 60,225 shares of the company’s stock worth $473,000 after acquiring an additional 5,065 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Vestis by 54.9% in the first quarter. Bleakley Financial Group LLC now owns 112,609 shares of the company’s stock worth $885,000 after acquiring an additional 39,894 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Vestis by 1.9% in the first quarter. Principal Financial Group Inc. now owns 544,214 shares of the company’s stock valued at $4,278,000 after purchasing an additional 9,901 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Vestis by 110.6% in the first quarter. Fifth Third Bancorp now owns 45,379 shares of the company’s stock valued at $357,000 after purchasing an additional 23,834 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Vestis Stock Down 0.2%

NYSE:VSTS opened at $15.56 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.69 and a current ratio of 2.13. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of -111.12 and a beta of 0.98. Vestis Corporation has a one year low of $3.98 and a one year high of $16.90. The stock has a 50-day simple moving average of $13.67 and a 200 day simple moving average of $10.00.

Vestis (NYSE:VSTS) last announced its quarterly earnings data 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 positive return on equity of 5.27% and a negative net margin of 0.63%.The firm had revenue of $659.44 million for the quarter, compared to analysts’ expectations of $655.32 million. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. Vestis’s revenue for the quarter was down .9% compared to the same quarter last year. Sell-side analysts predict that Vestis Corporation will post 0.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on VSTS. Robert W. Baird raised their price objective on Vestis from $10.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Barclays upped their target price on Vestis from $6.00 to $9.00 and gave the company an “underweight” rating in a research report on Friday, May 15th. Zacks Research upgraded Vestis from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Weiss Ratings downgraded shares of Vestis from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 13th. Finally, Stifel Nicolaus lifted their price target on shares of Vestis from $8.50 to $11.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $9.50.

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.