VestisVSTS
VSTS
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
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
45% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 38
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 (+$248M) [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
4.41% less ownership
Funds ownership: 98.3% [Q2] → 93.89% (-4.41%) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$13
21%
downside
Avg. target
$14.67
11%
downside
High target
$16
2%
downside
3 analyst ratings
0 positive
0%
2 neutral
67%
1 negative
33%
JP Morgan Andrew Steinerman 55% 1-year accuracy 11 / 20 met price target | 2%downside $16 | Neutral Maintained | 22 Nov 2024 |
Goldman Sachs George Tong 29% 1-year accuracy 8 / 28 met price target | 8%downside $15 | Neutral Maintained | 22 Nov 2024 |
Barclays Manav Patnaik 59% 1-year accuracy 23 / 39 met price target | 21%downside $13 | Underweight Maintained | 22 Nov 2024 |
Financial journalist opinion
Based on 3 articles about VSTS published over the past 30 days
Positive
Reuters
1 week ago
Exclusive: Uniform maker Vestis fields takeover interest from buyout firms, sources say
Advent International and Apollo Global Management are among the buyout firms exploring a potential acquisition of uniform supplier Vestis , according to people familiar with the matter.
Positive
Seeking Alpha
3 weeks ago
Vestis Corp: Waiting For More Signs Of Successful Turnaround
I maintain a hold rating for Vestis Corp (VSTS) due to the need for more evidence of successful strategy implementation and operating metrics improvement. 4Q24 earnings were disappointing, with a 4.4% y/y revenue decline, high decremental margins, and a sharp drop in adj EPS from $0.57 to $0.11. Positive signs include improved customer retention, new sales volume growth, and strategic initiatives to enhance customer service and capture high-margin incremental volume.
Neutral
Seeking Alpha
4 weeks ago
Vestis Corporation (VSTS) Q4 2024 Earnings Call Transcript
Vestis Corporation (NYSE:VSTS ) Q4 2024 Earnings Conference Call November 21, 2024 8:30 AM ET Company Participants Michael Aurelio - IR Kimberly T. Scott - President and CEO Ricky T.
Neutral
Business Wire
1 month ago
Vestis Reports Fourth Quarter and Fiscal 2024 Results
ATLANTA--(BUSINESS WIRE)--Vestis Corporation (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the fourth quarter and fiscal year ended September 27, 2024. The company also provided its outlook for fiscal year 2025. Management Commentary “We ended the year with solid fourth quarter results that were in-line with our expectations for revenue and ahead of our expectations for Adjusted EBITDA,” said Kim Scott, President and CEO. “As we move into 2.
Neutral
Business Wire
1 month ago
Vestis Announces Date for Fiscal Fourth Quarter and Full-Year 2024 Earnings Results
ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal fourth quarter and full-year 2024 earnings results on November 21, 2024, prior to the market opening. Management will host a webcast to discuss the fiscal 2024 earnings results and fiscal 2025 outlook at 8:30 AM ET. The webcast can be accessed live through the investor relations section of our web site at www.vestis.com. Additionally, a slide present.
Neutral
Business Wire
2 months ago
Vestis to Sell Minority Stake in Japanese Joint Venture
ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced an agreement to sell its 39% equity stake in Aramark Uniform Services Japan Corporation (“AUSJ”) to majority owner Mitsui & Co., Ltd. for approximately $37 million. The Company will use the proceeds from the transaction toward debt repayment. AUSJ, a uniform rental services provider in Japan, was established in 1988 as a joint venture between a group of companies including V.
Neutral
Business Wire
3 months ago
Vestis Confirms Receipt of Preliminary Inquiry
ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS), today confirmed that it received a preliminary inquiry from Elis SA regarding a potential transaction involving the Company. The Board of Directors takes seriously and evaluates any inquiries regarding the Company and all alternatives available to the Company. There can be no assurance that any transaction or other alternative will result from this inquiry. The Company does not undertake to make any further announcements with respect to this or any.
Positive
Reuters
3 months ago
Exclusive: France's Elis has bid for U.S. uniform supplier Vestis, sources say
French workplace supplies provider Elis SA has approached Vestis , the former uniform rentals business of Aramark , with an acquisition offer, according to people familiar with the matter.
Positive
Seeking Alpha
4 months ago
Vestis Corp.: Tangible Improvements To Organic Growth Need To Be Seen
Hold rating for Vestis Corp. due to lack of tangible organic growth improvements. VSTS is the second-largest in the US Uniform Services industry, with a simple business model and the majority of revenue from the US. Despite positive developments in customer retention and sales teams, VSTS needs to show consistent organic growth improvement for buy rating.
Neutral
Business Wire
4 months ago
Vestis Announces Quarterly Cash Dividend
ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS) today announced that its Board of Directors has approved a quarterly cash dividend of $0.035 per share of common stock. The dividend is payable to shareholders of record at the close of business on September 13, 2024, and is expected to be paid on October 3, 2024. The amount and timing of any future dividend payment is subject to the approval of the Company's Board of Directors. About Vestis™ Vestis is a leader in the B2B uniform and workplace suppl.
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