Searching For Real Value In Market Debris At Vestis Corp (NYSE: VSTS)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, VSTS falls under the Industrials sector while operating within the Rental & Leasing Services industry segment. The current market capitalization of Vestis Corp is $1.94B. A total of 1.49 million shares were traded on the day, compared to an average of 2.28M shares.

In the most recent transaction, Pertz Douglas A bought 54,468 shares of VSTS for 11.99 per share on May 24 ’24. After the transaction, the Director now owns 195,604 company shares. In a previous transaction on May 28 ’24, Pertz Douglas A bought 22,442 shares at 11.62 per share. VSTS shares that Director owns now total 218,046.

Among the insiders who bought shares, Shih Grant acquired of 800 shares on May 24 ’24 at a per-share price of $12.00. This resulted in the EVP and CTO holding 6,187 shares of VSTS after the transaction. In another insider transaction, Corvex Management LP bought 100,000 shares at $12.02 per share on May 24 ’24. Company shares held by the 10% Owner now total 17,007,877.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Vestis Corp pays an annual dividend of $0.14, resulting in a dividend yield of 0.95%, and it has a price to earnings (P/E) ratio of 16.55. VSTS’s most recent ex-dividend date was 9/13/2024 when it declared a $0.0350 quarterly dividend that was paid in cash on 10/3/2024. Previously, the company paid the dividend on 7/2/2024 with an ex-dividend date of 6/14/2024. The VSTS stock dividend was $0.0350 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, VSTS has a high of $22.37 and a low of $8.92.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. VSTS’s latest balance sheet shows that the firm has $41.11M in Cash & Short Term Investments as of fiscal 2021. There were $181.58M in debt and $383.32M in liabilities at the time. Its Book Value Per Share was $6.85, while its Total Shareholder’s Equity was $2.33B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VSTS is Buy with a score of 3.40.

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