Insider Selling: Trueblue COO Sells 24,820 Shares of Stock (TBI)
Trueblue (NYSE:TBI) COO Wayne W. Larkin unloaded 24,820 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $28.00, for a total transaction of $694,960.00. Following the sale, the chief operating officer now directly owns 65,559 shares in the company, valued at approximately $1,835,652. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Trueblue (NYSE:TBI) traded up 0.95% on Friday, hitting $28.58. The stock had a trading volume of 252,358 shares. Trueblue has a 52 week low of $20.35 and a 52 week high of $30.64. The stock’s 50-day moving average is $26.94 and its 200-day moving average is $26.53. The company has a market cap of $1.138 billion and a P/E ratio of 24.16.
Trueblue (NYSE:TBI) last released its earnings data on Tuesday, April 22nd. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.01. The company had revenue of $396.10 million for the quarter, compared to the consensus estimate of $403.20 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 14.3% on a year-over-year basis. On average, analysts predict that Trueblue will post $1.33 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on TBI shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Trueblue in a research note on Wednesday, April 23rd. They now have a $31.00 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Trueblue from $33.00 to $35.00 in a research note on Wednesday, April 23rd. They now have an “outperform” rating on the stock. Finally, analysts at Macquarie raised their price target on shares of Trueblue from $27.00 to $29.00 in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Trueblue has an average rating of “Buy” and a consensus target price of $31.30.
TrueBlue, Inc (NYSE:TBI) is a provider of temporary blue-collar staffing services.
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