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.

TrueBlue announced that its Board of Directors has approved a share repurchase plan on Monday, October 30th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

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.

Insider Buying and Selling by Quarter for TrueBlue (NYSE:TBI)

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