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 |
Former Chief Operating Officer of UPS brings more than 35 years of relevant logistics, operations and route-based experience and a track record of driving profitable growth Phillip Holloman to return to role as Chairman of the Board following the transition Vestis Corporation (NYSE:VSTS) ("Vestis" or the "Company"), a leading provider of uniforms and workplace supplies, today announced the appointment of Jim Barber as President and Chief Executive Officer and as a member of the company's Board of Directors (the "Board"), effective June 2, 2025. Mr. Barber succeeds Phillip Holloman, who has been serving as Interim Executive Chairman, President and Chief Executive Officer since March 18, 20
Vestis Corporation (NYSE:VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the second quarter ended March 28, 2025 and updated its outlook. Second Quarter 2025 Results Revenue of $665 million Operating Loss of $9 million and Net Loss of $28 million Adjusted EBITDA of $48 million, inclusive of $15 million one-time bad debt expense; Adjusted EBITDA of $63 million, 9.4% of Revenue excluding bad debt expense Operating Cash Flow of $7 million and Free Cash Flow of $(7) million Amended net leverage covenant extending ratio of 5.25x for another year Eliminates dividend to further strengthen balance sheet First Half 2025 Results Revenue
Vestis (NYSE:VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal second quarter 2025 earnings results after the market closes on Tuesday, May 6, 2025. Management will host a webcast to discuss the fiscal second quarter 2025 earnings results on Wednesday, May 7, 2025 at 9:00 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 B
4 - Vestis Corp (0001967649) (Issuer)
4 - Vestis Corp (0001967649) (Issuer)
4 - Vestis Corp (0001967649) (Issuer)
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), a leading provider of uniforms and workplace supplies, today announced its results for the second quarter ended March 28, 2025 and updated its outlook. Second Quarter 2025 Results Revenue of $665 million Operating Loss of $9 million and Net Loss of $28 million Adjusted EBITDA of $48 million, inclusive of $15 million one-time bad debt expense; Adjusted EBITDA of $63 million, 9.4% of Revenue excluding bad debt expense Operating Cash Flow of $7 million and Free Cash Flow of $(7) million Amended net leverage covenant extending ratio of 5.25x for another year Eliminates dividend to further strengthen balance sheet First Half 2025 Results Revenue
Vestis (NYSE:VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal second quarter 2025 earnings results after the market closes on Tuesday, May 6, 2025. Management will host a webcast to discuss the fiscal second quarter 2025 earnings results on Wednesday, May 7, 2025 at 9:00 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 B
First Quarter 2025 Results Delivered Q1 results in-line with expectations and reaffirms fiscal 2025 outlook Revenue of $684 million, as expected Operating Income of $30 million increased 2% sequentially versus Q4 2024 and Operating Margin of 4.4% was flat sequentially Adjusted EBITDA of $81 million, as expected, increased 0.9% sequentially versus Q4 2024 and Adjusted EBITDA margin of 11.9% increased 10 basis points sequentially Voluntarily prepaid $20 million of term loan debt during the quarter Vestis Corporation (NYSE:VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the first quarter ended December 27, 2024 and reiterated its
SC 13G - Vestis Corp (0001967649) (Subject)
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8-K - Vestis Corp (0001967649) (Filer)
8-K - Vestis Corp (0001967649) (Filer)
SCHEDULE 13D/A - Vestis Corp (0001967649) (Subject)
Former Chief Operating Officer of UPS brings more than 35 years of relevant logistics, operations and route-based experience and a track record of driving profitable growth Phillip Holloman to return to role as Chairman of the Board following the transition Vestis Corporation (NYSE:VSTS) ("Vestis" or the "Company"), a leading provider of uniforms and workplace supplies, today announced the appointment of Jim Barber as President and Chief Executive Officer and as a member of the company's Board of Directors (the "Board"), effective June 2, 2025. Mr. Barber succeeds Phillip Holloman, who has been serving as Interim Executive Chairman, President and Chief Executive Officer since March 18, 20
Phillip Holloman Appointed Interim Executive Chairman, President and Chief Executive Officer Vestis Corporation (NYSE:VSTS) ("Vestis" or the "Company"), a leading provider of uniforms and workplace supplies, today announced that its Board of Directors (the "Board") has appointed Phillip Holloman as Interim Executive Chairman, President and Chief Executive Officer, effective immediately. Holloman succeeds Kim Scott, who has departed from the Company and the Vestis Board of Directors. The Board has retained a leading executive search firm to assist with identifying Vestis' next President and CEO. "As we embark on a new chapter following the completion of Vestis' first fiscal year as a publi
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