In the latest trading session, 0.97 million Vestis Corp (NYSE:VSTS) shares changed hands as the company’s beta touched 1.51. With the company’s most recent per share price at $10.31 changed hands at -$0.61 or -5.59% at last look, the market valuation stands at $1.36B. VSTS’s current price is a discount, trading about -91.66% off its 52-week high of $19.76. The share price had its 52-week low at $8.92, which suggests the last value was 13.48% up since then. When we look at Vestis Corp’s average trading volume, we note the 10-day average is 2.05 million shares, with the 3-month average coming to 1.81 million.
Vestis Corp (NYSE:VSTS) trade information
Instantly VSTS was in red as seen in intraday trades today. With action -5.67%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -32.35%, with the 5-day performance at -5.67% in the red. However, in the 30-day time frame, Vestis Corp (NYSE:VSTS) is -23.86% down. Looking at the short shares, we see there were 6.81 million shares sold at short interest cover period of 4.52 days.
The consensus price target for the stock as assigned by Wall Street analysts is 13, meaning bulls need an upside of 20.69% from its recent market value. According to analyst projections, VSTS’s forecast low is 13 with 13.4 as the target high. To hit the forecast high, the stock’s price needs a -29.97% plunge from its current level, while the stock would need to soar -26.09% for it to hit the projected low.
Vestis Corp (VSTS) estimates and forecasts
Year-over-year growth is forecast to reach 0.58% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 690.9M. 5 analysts are of the opinion that Vestis Corp’s revenue for the current quarter will be 710.18M. The company’s revenue for the corresponding quarters a year ago was 705.37M and 698.25M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.05%. The estimates for the next quarter sales put growth at 1.71%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -34.27%. The 2025 estimates are for Vestis Corp earnings to increase by 12.60%, but the outlook for the next 5-year period is at 21.63% per year.
VSTS Dividends
Vestis Corp is expected to release its next quarterly earnings report on 2025-Jan-30. The 1.70% annual yield figure for the share gives it an annual dividend of 0.18. It is important to note, however, that the 1.70% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Vestis Corp (NYSE:VSTS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.59% of Vestis Corp shares while 104.79% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 105.41%. There are 104.79% institutions holding the Vestis Corp stock share, with CORVEX MANAGEMENT LP the top institutional holder. As of 2024-06-30, the company held 12.9295% of the shares, roughly 17.01 million VSTS shares worth $208.01 million.
ALBERTA INVESTMENT MANAGEMENT CORP holds the second largest percentage of outstanding shares, with 2.8654% or 3.77 million shares worth $46.1 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. With 7.36 shares estimated at $75.01 million under it, the former controlled 5.59% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.71% of the shares, roughly 3.57 shares worth around $36.43 million.
