Stifel Nicolaus Forecasts Strong Price Appreciation for Vestis (NYSE:VSTS) Stock

Vestis (NYSE:VSTS) had its target price increased by Stifel Nicolaus from $11.00 to $14.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price target would suggest a potential downside of 3.91% from the stock’s previous close.

A number of other analysts also recently weighed in on the company. Barclays restated an “underweight” rating on shares of Vestis in a report on Wednesday. Zacks Research downgraded Vestis from a “strong-buy” rating to a “hold” rating in a report on Monday. William Blair upgraded Vestis from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Vestis in a research note on Friday. Finally, Robert W. Baird raised their price objective on Vestis from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $10.86.

Vestis Trading Up 5.0%

VSTS traded up $0.69 during trading on Wednesday, reaching $14.57. 1,242,422 shares of the company’s stock were exchanged, compared to its average volume of 1,644,184. Vestis has a one year low of $3.98 and a one year high of $16.90. The company has a current ratio of 2.13, a quick ratio of 1.69 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $1.92 billion, a PE ratio of -104.06 and a beta of 0.97. The firm has a fifty day moving average price of $14.21 and a two-hundred day moving average price of $10.68.

Vestis (NYSE:VSTS) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.08. The firm had revenue of $661.66 million during the quarter, compared to analysts’ expectations of $668.94 million. Vestis had a negative net margin of 0.63% and a positive return on equity of 5.27%. As a group, equities research analysts forecast that Vestis will post 0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vestis

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

Trending Headlines about Vestis

Here are the key news stories impacting Vestis this week:

• Positive Sentiment: Strong adjusted earnings and profitability: Vestis reported third-quarter adjusted EPS of $0.18, ahead of the $0.10–$0.11 analyst consensus and up from $0.05 a year earlier. Adjusted EBITDA was $80.9 million, while adjusted net income reached $24.2 million. Vestis Reports Third Quarter 2026 Results and Increases Full Year 2026 Outlook
• Positive Sentiment: Higher cash-flow outlook: Management forecast fiscal 2026 free cash flow of $160 million to $170 million and increased its full-year outlook. The stronger cash-generation outlook appears to be the main catalyst supporting the stock, offsetting the revenue shortfall. Vestis forecasts fiscal 2026 free cash flow
• Neutral Sentiment: Analyst view remains cautious: Robert W. Baird raised its price target from $15 to $16 but maintained a “neutral” rating, suggesting modest additional upside but limited conviction in a stronger re-rating. Vestis price target update
• Neutral Sentiment: Management is emphasizing a 2027 network “quadrant” strategy, which could improve operational efficiency and support longer-term growth, although its financial benefits are not yet established.
• Negative Sentiment: Revenue missed expectations: Quarterly revenue of $661.7 million was below the approximately $669 million consensus estimate, indicating that the earnings beat was driven more by profitability than sales growth. Vestis quarterly earnings results
• Negative Sentiment: Zacks Research downgraded VSTS from “strong buy” to “hold,” adding pressure to the stock’s valuation narrative. Vestis Q3 earnings analysis

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.