Vestis (NYSE:VSTS) Lowered to Hold Rating by Zacks Research

Vestis (NYSE:VSTS) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

VSTS has been the topic of several other research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vestis in a report on Friday. Barclays increased their price objective on shares of Vestis from $6.00 to $9.00 and gave the stock an “underweight” rating in a research note on Friday, May 15th. William Blair upgraded shares of Vestis from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Stifel Nicolaus upped their price target on shares of Vestis from $8.50 to $11.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. Finally, Robert W. Baird increased their price target on Vestis from $10.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $9.50.

Vestis Stock Down 0.3%

Shares of NYSE VSTS opened at $13.83 on Monday. Vestis has a 12-month low of $3.98 and a 12-month high of $16.90. The stock’s fifty day simple moving average is $14.21 and its two-hundred day simple moving average is $10.68. The stock has a market capitalization of $1.83 billion, a PE ratio of -98.79 and a beta of 0.97. The company has a current ratio of 2.13, a quick ratio of 1.69 and a debt-to-equity ratio of 1.44.

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

Institutional Investors Weigh In On Vestis

Several hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in Vestis by 1,520.5% during the fourth quarter. Royal Bank of Canada now owns 5,688,399 shares of the company’s stock valued at $37,942,000 after buying an additional 5,337,380 shares during the period. Greenstone Partners & Co. LLC acquired a new position in shares of Vestis in the fourth quarter worth about $33,979,000. Jacobs Levy Equity Management Inc. raised its position in shares of Vestis by 1,265.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,960,150 shares of the company’s stock worth $8,879,000 after acquiring an additional 1,816,633 shares during the period. SG Americas Securities LLC raised its position in shares of Vestis by 571.0% in the first quarter. SG Americas Securities LLC now owns 1,979,460 shares of the company’s stock worth $15,559,000 after acquiring an additional 1,684,460 shares during the period. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Vestis during the 4th quarter worth about $8,419,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

More Vestis News

Here are the key news stories impacting Vestis this week:

• Positive Sentiment: Vestis reported adjusted earnings of $0.18 per share, exceeding analyst estimates of $0.10-$0.11 and rising from $0.05 a year earlier. Vestis Q3 Earnings Surpass Estimates
• Positive Sentiment: The company increased its full-year 2026 outlook, including a higher cash-flow expectation. Full-year revenue guidance of approximately $2.7 billion is broadly in line with analyst forecasts, reducing the risk of a significant sales-target miss. Vestis Reports Third Quarter 2026 Results and Increases Full-Year Outlook
• Positive Sentiment: Vestis generated $80.9 million in adjusted EBITDA and $24.2 million in adjusted net income, supporting the view that cost management and operational improvements are strengthening profitability. Vestis Fiscal Q3 Earnings Snapshot
• Neutral Sentiment: Quarterly revenue was $661.7 million, below the $668.9 million consensus estimate. The modest sales shortfall was offset by the earnings beat and improved outlook, but investors will likely monitor whether revenue growth accelerates.
• Negative Sentiment: Despite positive adjusted profitability, Vestis reported a negative net margin of 0.63%, indicating that bottom-line performance remains pressured and that execution risks have not been eliminated.

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.