17-Apr-2025
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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.
Vestis trades on the NYSE stock market under the symbol VSTS.
As of April 17, 2025, VSTS stock price climbed to $7.65 with 1,513,736 million shares trading.
VSTS has a beta of 1.19, meaning it tends to be more sensitive to market movements. VSTS has a correlation of 0.06 to the broad based SPY ETF.
VSTS has a market cap of $1.01 billion. This is considered a Small Cap stock.
Last quarter Vestis reported $684 million in Revenue and $.14 earnings per share. This fell short of revenue expectation by $-5 million and exceeded earnings estimates by $.02.
The top ETF exchange traded funds that VSTS belongs to (by Net Assets): IJR, VTI, VB, VBR, VXF.
VSTS has underperformed the market in the last year with a price return of -58.3% while the SPY ETF gained +6.0%. VSTS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -53.3% and -23.4%, respectively, while the SPY returned -10.7% and -6.8%, respectively.
VSTS support price is $7.11 and resistance is $7.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VSTS shares will trade within this expected range on the day.