Steven C. Cooper Sells 23,900 Shares of TrueBlue, Inc. (TBI) Stock
TrueBlue, Inc. (NYSE:TBI) CEO Steven C. Cooper sold 23,900 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $28.06, for a total transaction of $670,634.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of TrueBlue, Inc. (TBI) traded down $0.60 during trading hours on Tuesday, hitting $27.20. 290,938 shares of the stock were exchanged, compared to its average volume of 291,843. TrueBlue, Inc. has a 1-year low of $19.30 and a 1-year high of $29.50. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1,166.40, a PE ratio of 15.75 and a beta of 2.38.
TrueBlue (NYSE:TBI) last announced its earnings results on Monday, October 30th. The business services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. TrueBlue had a net margin of 2.22% and a return on equity of 14.05%. The business had revenue of $660.78 million during the quarter, compared to analysts’ expectations of $651.91 million. During the same period in the prior year, the company earned $0.70 earnings per share. The business’s revenue was down 5.2% compared to the same quarter last year. equities research analysts forecast that TrueBlue, Inc. will post 1.7 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on the stock. ValuEngine cut shares of TrueBlue from a “buy” rating to a “hold” rating in a report on Friday, September 1st. TheStreet raised shares of TrueBlue from a “c+” rating to a “b” rating in a report on Friday, November 17th. BMO Capital Markets reaffirmed a “hold” rating and issued a $23.00 target price (down from $26.00) on shares of TrueBlue in a report on Friday, August 11th. Zacks Investment Research raised shares of TrueBlue from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Robert W. Baird upped their target price on shares of TrueBlue from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $26.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of TBI. Teachers Advisors LLC raised its holdings in TrueBlue by 4.5% during the first quarter. Teachers Advisors LLC now owns 87,659 shares of the business services provider’s stock worth $2,397,000 after purchasing an additional 3,810 shares in the last quarter. Bank of Montreal Can raised its holdings in TrueBlue by 602.6% during the second quarter. Bank of Montreal Can now owns 102,010 shares of the business services provider’s stock worth $2,704,000 after purchasing an additional 87,491 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in TrueBlue by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 17,300 shares of the business services provider’s stock worth $458,000 after purchasing an additional 100 shares in the last quarter. Aperio Group LLC raised its holdings in TrueBlue by 19.0% during the second quarter. Aperio Group LLC now owns 11,371 shares of the business services provider’s stock worth $301,000 after purchasing an additional 1,818 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in TrueBlue by 21.9% during the second quarter. Russell Investments Group Ltd. now owns 167,574 shares of the business services provider’s stock worth $4,441,000 after purchasing an additional 30,100 shares in the last quarter. 90.55% of the stock is owned by hedge funds and other institutional investors.
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TrueBlue Company Profile
TrueBlue, Inc is a provider of specialized workforce solutions. The Company is engaged in providing staffing, on-site workforce management and recruitment process outsourcing services. The Company operates through three segments: PeopleReady, PeopleManagement and PeopleScout. Its PeopleReady segment provides blue-collar contingent staffing through the PeopleReady service line.
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