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

Zacks Research cut shares of Vestis (NYSE:VSTS) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

A number of other analysts also recently issued reports on VSTS. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Vestis in a report on Tuesday. Barclays increased their price objective on Vestis from $6.00 to $9.00 and gave the company an “underweight” rating in a report on Friday, May 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Vestis in a research report on Friday. Stifel Nicolaus boosted their target price on Vestis from $8.50 to $11.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Finally, Robert W. Baird upped their price target on Vestis from $10.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $9.50.

Vestis Price Performance

Shares of VSTS opened at $13.83 on Monday. Vestis has a twelve month low of $3.98 and a twelve month high of $16.90. The firm’s fifty day simple moving average is $14.21 and its 200-day simple moving average is $10.68. The firm has a market capitalization of $1.83 billion, a price-to-earnings 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 issued its earnings results on Tuesday, August 11th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08. The firm had revenue of $661.66 million during the quarter, compared to the consensus estimate of $668.94 million. Vestis had a negative net margin of 0.63% and a positive return on equity of 5.27%. Equities analysts forecast that Vestis will post 0.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Vestis

Several large investors have recently bought and sold shares of VSTS. EverSource Wealth Advisors LLC increased its position in shares of Vestis by 471.9% during the second quarter. EverSource Wealth Advisors LLC now owns 5,456 shares of the company’s stock worth $31,000 after purchasing an additional 4,502 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Vestis by 703.2% in the 2nd quarter. Osaic Holdings Inc. now owns 5,743 shares of the company’s stock valued at $33,000 after purchasing an additional 5,028 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Vestis by 176.1% in the 4th quarter. Farther Finance Advisors LLC now owns 5,193 shares of the company’s stock valued at $35,000 after purchasing an additional 3,312 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Vestis in the 4th quarter valued at about $36,000. Finally, PNC Financial Services Group Inc. grew its stake in Vestis by 147.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,006 shares of the company’s stock worth $53,000 after buying an additional 4,766 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Trending Headlines about Vestis

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.

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. The company serves manufacturing, hospitality, retail, food processing, food service, pharmaceuticals, healthcare, automotive, and cleanroom industries.