Jefferies initiated coverage on Vestis with a new price target
$VSTS
Jefferies initiated coverage of Vestis with a rating of Buy and set a new price target of $20.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/8/2024 | $13.00 | Outperform → Neutral | Robert W. Baird |
| 5/31/2024 | Mkt Perform | William Blair | |
| 5/7/2024 | $13.40 | Buy → Neutral | Redburn Atlantic |
| 5/3/2024 | Buy → Hold | Stifel | |
| 5/3/2024 | $22.00 → $11.00 | Overweight → Neutral | JP Morgan |
| 2/28/2024 | $17.00 → $19.00 | Equal Weight → Underweight | Barclays |
| 1/25/2024 | $22.00 | Neutral | Goldman |
| 1/11/2024 | $24.00 | Outperform | Wolfe Research |
4 - Vestis Corp (0001967649) (Issuer)
4 - Vestis Corp (0001967649) (Issuer)
4 - Vestis Corp (0001967649) (Issuer)
DEFA14A - Vestis Corp (0001967649) (Filer)
DEF 14A - Vestis Corp (0001967649) (Filer)
10-K - Vestis Corp (0001967649) (Filer)
Robert W. Baird downgraded Vestis from Outperform to Neutral and set a new price target of $13.00
William Blair initiated coverage of Vestis with a rating of Mkt Perform
Redburn Atlantic downgraded Vestis from Buy to Neutral and set a new price target of $13.40
4 - Vestis Corp (0001967649) (Issuer)
4 - Vestis Corp (0001967649) (Issuer)
4 - Vestis Corp (0001967649) (Issuer)
Vestis Corporation (NYSE:VSTS) ("Vestis" or the "Company"), a leading provider of uniforms and workplace supplies, today announced the appointment of Bill Goetz to the Company's Board of Directors, effective immediately. His appointment increases the size of the Board from nine to ten directors, eight of whom, including Mr. Goetz, are independent. Mr. Goetz most recently served as President and CEO of DYMA Brands, a leading manufacturer to the foodservice industry. Previously Mr. Goetz served as President and COO of Carriage Services, held roles of increasing responsibility at Sysco Corporation, including Senior Vice President of Sales and Marketing and Chief Marketing Officer, and spent
Bill Seward named Chief Operating Officer and Peter Rego named Senior Vice President of Sales Vestis Corporation (NYSE:VSTS) ("Vestis" or the "Company"), a leading provider of uniforms and workplace supplies, today announced the appointment of Bill Seward as Chief Operating Officer (COO), effective September 1, 2024, and Peter Rego as Senior Vice President of Sales, effective immediately. Reporting directly to CEO Kim Scott, both Seward and Rego will assume responsibility for key aspects of the company's strategic plan to achieve high-quality growth, efficient operations, disciplined capital allocation and a performance-driven culture. Additionally, the Company has aligned its field organ
Vestis Corporation (NYSE:VSTS) ("Vestis" or the "Company"), a leading provider of uniforms and workplace supplies, today announced the appointment of Keith Meister to the Company's Board of Directors, effective immediately. His appointment increases the size of the Board from eight to nine directors, seven of whom, including Mr. Meister, are independent. Mr. Meister is the founder, Managing Partner and Chief Investment Officer of Corvex Management LP (together with certain of its affiliates, "Corvex"), an investment management firm which beneficially owns 12.9% of the Company's outstanding common stock. Mr. Meister has extensive boardroom experience and currently serves as a director on t
Vestis (NYSE:VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal first quarter 2025 earnings results on January 31, 2025, prior to the market opening. Management will host a webcast to discuss the fiscal first quarter 2025 earnings results 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 presentation will accompany the call and will be available on the web site. A replay of the live event will also be available on the Company's web site shortly after the call for 90 days. About VESTIS™ Vestis is a leader in the B2B uniform and workplac
Provides Fiscal 2025 Guidance Fiscal 2024 Results Revenue of $2.8 billion Operating Income of $158 million or 5.6% of revenue Adjusted EBITDA of $353 million or 12.6% of revenue Operating Cash Flow of $472 million, up 83.6% year-over-year Free Cash Flow of $165 million, up 13.2% year-over-year Net leverage was 3.62x at the end of fiscal 2024 versus 3.95x at the end of fiscal 2023 Net debt was $1.3 billion at the end of fiscal 2024, a decline of $319 million versus the end of fiscal 2023 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. T
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 presentation will accompany the call and will be available on the web site. A replay of the live event will also be available on the Company's web site shortly after the call for 90 days. About VESTIS™ Vestis is a leader in the B2
Vestis (NYSE:VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal first quarter 2025 earnings results on January 31, 2025, prior to the market opening. Management will host a webcast to discuss the fiscal first quarter 2025 earnings results 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 presentation will accompany the call and will be available on the web site. A replay of the live event will also be available on the Company's web site shortly after the call for 90 days. About VESTIS™ Vestis is a leader in the B2B uniform and workplac
Provides Fiscal 2025 Guidance Fiscal 2024 Results Revenue of $2.8 billion Operating Income of $158 million or 5.6% of revenue Adjusted EBITDA of $353 million or 12.6% of revenue Operating Cash Flow of $472 million, up 83.6% year-over-year Free Cash Flow of $165 million, up 13.2% year-over-year Net leverage was 3.62x at the end of fiscal 2024 versus 3.95x at the end of fiscal 2023 Net debt was $1.3 billion at the end of fiscal 2024, a decline of $319 million versus the end of fiscal 2023 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. T
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 presentation will accompany the call and will be available on the web site. A replay of the live event will also be available on the Company's web site shortly after the call for 90 days. About VESTIS™ Vestis is a leader in the B2
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