William Blair Has Pessimistic Outlook of Vestis Q1 Earnings

Vestis Co. (NYSE:VSTS) – William Blair cut their Q1 2025 earnings per share estimates for Vestis in a report issued on Friday, November 22nd. William Blair analyst T. Mulrooney now forecasts that the company will post earnings of $0.11 per share for the quarter, down from their prior forecast 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.

Several other brokerages have also recently commented on VSTS. JPMorgan Chase & Co. raised their price objective on shares of Vestis from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Robert W. Baird downgraded shares of Vestis from an “outperform” rating to a “neutral” rating and set a $13.00 price target for the company. in a research report on Thursday, August 8th. The Goldman Sachs Group upped their price target on Vestis from $13.60 to $15.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Baird R W downgraded Vestis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Barclays boosted their target price on Vestis from $10.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.43.

Vestis Price Performance

Vestis stock opened at $16.33 on Monday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.36 and a current ratio of 1.73. Vestis has a one year low of $8.92 and a one year high of $22.37. The company has a market cap of $2.15 billion and a P/E ratio of 102.06. The business has a fifty day moving average of $14.65 and a two-hundred day moving average of $13.41.

Vestis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, December 13th. Vestis’s payout ratio is currently 87.50%.

Institutional Investors Weigh In On Vestis

Hedge funds have recently modified their holdings of the company. Brooklyn Investment Group purchased a new position in shares of Vestis during the 3rd quarter worth $27,000. Nomura Asset Management Co. Ltd. lifted its position in Vestis by 104.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,000 shares of the company’s stock worth $30,000 after buying an additional 1,020 shares during the period. Capital Performance Advisors LLP acquired a new stake in Vestis in the 3rd quarter worth about $41,000. Canada Pension Plan Investment Board purchased a new stake in Vestis in the 2nd quarter valued at about $44,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Vestis during the 3rd quarter valued at about $51,000. 97.40% of the stock is owned by institutional investors and hedge funds.

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.