Vestis (VSTS)

• Market cap: $2.13B
• 1 day: -1.46%
• 5 days: 3.12%
• 1 month: 0.62%
• 3 months: 6.36%
• 6 months: 30.73%
• Year to date: 5.95%
• 1 year: -21.65%
• 5 years: -15.79%
• 10 years: -15.79%
• Sector: Consumer Staples
• Industry: Miscellaneous Nondurable Goods

About: Vestis Corp is a provider of uniform rentals and workplace supplies across the United States and Canada. It provides uniforms, mats, towels, linens, restroom supplies, first-aid supplies, safety products, and other workplace supplies. The Company serves customers ranging from small, family-owned operations with a single location to large corporations and national franchises with multiple locations. The company operates in the United States and Canada as reportable segments. The company earns the majority of its revenue from the United States.

Employees: 19,600

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

128% more call options, than puts

Call options by funds: $40.6M | Put options by funds: $17.8M

53% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 36

17% more funds holding in top 10

Funds holding in top 10: 6 [Q2] → 7 (+1) [Q3]

16% more capital invested

Capital invested by funds: $1.59B [Q2] → $1.84B (+$247M) [Q3]

6% more funds holding

Funds holding: 262 [Q2] → 279 (+17) [Q3]

1% less repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 91

4.48% less ownership

Funds ownership: 98.47% [Q2] → 93.99% (-4.48%) [Q3]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $13 20% downside
• Avg. target: $14.67 10% downside
• High target: $16 1% downside

3 analyst ratings

• positive: 0 0%
• neutral: 2 67%
• negative: 1 33%

JP Morgan Andrew Steinerman 55% 1-year accuracy 11 / 20 met price target	1% downside $16	Neutral Maintained	22 Nov 2024
Goldman Sachs George Tong 34% 1-year accuracy 10 / 29 met price target	7% downside $15	Neutral Maintained	22 Nov 2024
Barclays Manav Patnaik 51% 1-year accuracy 21 / 41 met price target	20% downside $13	Underweight Maintained	22 Nov 2024