Sigma Planning Corp Invests $159,000 in Vestis Co. (NYSE:VSTS)

Sigma Planning Corp purchased a new stake in shares of Vestis Co. (NYSE:VSTS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,696 shares of the company’s stock, valued at approximately $159,000.

A number of other large investors have also added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. purchased a new position in shares of Vestis during the 1st quarter valued at $1,069,000. Private Management Group Inc. boosted its position in Vestis by 9.2% during the second quarter. Private Management Group Inc. now owns 692,394 shares of the company’s stock worth $8,468,000 after purchasing an additional 58,538 shares during the period. Comerica Bank increased its stake in shares of Vestis by 39.8% in the first quarter. Comerica Bank now owns 168,552 shares of the company’s stock worth $3,248,000 after purchasing an additional 47,996 shares in the last quarter. Seven Eight Capital LP bought a new stake in shares of Vestis in the second quarter valued at approximately $1,627,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of Vestis during the 1st quarter valued at approximately $1,152,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of Vestis from $12.50 to $13.80 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Baird R W lowered Vestis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Robert W. Baird cut Vestis from an “outperform” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.69.

Vestis Trading Down 2.0 %

Shares of VSTS stock opened at $13.86 on Monday. Vestis Co. has a 52-week low of $8.92 and a 52-week high of $22.37. The business’s fifty day moving average is $14.64 and its 200 day moving average is $13.23. The company has a current ratio of 2.37, a quick ratio of 2.02 and a debt-to-equity ratio of 1.67.

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.