Vestis Corp (NYSE: VSTS) is -30.12% lower on its value in year-to-date trading and has touched a low of $8.92 and a high of $19.76 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VSTS stock was last observed hovering at around $10.93 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $10.65, the stock is -12.41% and -24.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.85 million and changing -2.56% at the moment leaves the stock -23.50% off its SMA200. VSTS registered -43.35% loss for a year compared to 6-month loss of -27.60%. The firm has a 50-day simple moving average (SMA 50) of $14.0534 and a 200-day simple moving average (SMA200) of $13.9212.
The stock witnessed a -22.60% gain in the last 1 month and extending the period to 3 months gives it a -34.66%, and is -6.66% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.77% over the week and 3.46% over the month.
Vestis Corp (VSTS) has around 19600 employees, a market worth around $1.40B and $2.77B in sales. Current P/E ratio is 147.30 and Fwd P/E is 12.33. Profit margin for the company is 0.34%. Distance from 52-week low is 19.39% and -46.10% from its 52-week high. The company has generated returns on investments over the last 12 months (0.43%).
The EPS is expected to grow by 12.60% this year
408.0 institutions hold shares in Vestis Corp (VSTS), with institutional investors hold 105.42% of the company’s shares. The shares outstanding are 131.70M, and float is at 130.49M with Short Float at 5.22%. Institutions hold 104.80% of the Float.
The top institutional shareholder in the company is CORVEX MANAGEMENT LP with over 17.01 million shares valued at $208.01 million. The investor’s holdings represent 12.9295 of the VSTS Shares outstanding. As of 2024-06-30, the second largest holder is ALBERTA INVESTMENT MANAGEMENT CORP with 3.77 million shares valued at $46.1 million to account for 2.8654 of the shares outstanding. The other top investors are VISION ONE MANAGEMENT PARTNERS, LP which holds 2.02 million shares representing 1.5346 and valued at over $24.69 million, while TOMS CAPITAL INVESTMENT MANAGEMENT LP holds 1.4441 of the shares totaling 1.9 million with a market value of $23.23 million.
Vestis Corp (VSTS) Insider Activity
The most recent transaction is an insider purchase by Pertz Douglas A, the company’s Director. SEC filings show that Pertz Douglas A bought 54,468 shares of the company’s common stock on May 24 ’24 at a price of $11.99 per share for a total of $0.65 million. Following the purchase, the insider now owns 0.2 million shares.
Vestis Corp disclosed in a document filed with the SEC on May 28 ’24 that Pertz Douglas A (Director) bought a total of 22,442 shares of the company’s common stock. The trade occurred on May 28 ’24 and was made at $11.62 per share for $0.26 million. Following the transaction, the insider now directly holds 0.22 million shares of the VSTS stock.
Still, SEC filings show that on May 24 ’24, Shih Grant (EVP and CTO) acquired 800 shares at an average price of $12.00 for $9600.0. The insider now directly holds 6,187 shares of Vestis Corp (VSTS).
