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 stock was sold at an average price of $28.06, for a total value of $670,634.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
TrueBlue, Inc. (NYSE TBI) traded down $0.60 during trading hours on Wednesday, reaching $27.20. The company’s stock had a trading volume of 290,900 shares, compared to its average volume of 291,843. TrueBlue, Inc. has a 12-month low of $19.30 and a 12-month high of $29.50. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market cap of $1,149.85, a P/E ratio of 15.53 and a beta of 2.38.
TrueBlue (NYSE:TBI) last posted its quarterly earnings results on Monday, October 30th. The business services provider reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.02. The company had revenue of $660.78 million for the quarter, compared to the consensus estimate of $651.91 million. TrueBlue had a return on equity of 14.05% and a net margin of 2.22%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.70 EPS. analysts forecast that TrueBlue, Inc. will post 1.7 EPS for the current fiscal year.
Several research analysts have issued reports on TBI shares. TheStreet downgraded TrueBlue from a “b-” rating to a “c+” rating in a report on Friday, August 18th. Robert W. Baird reaffirmed a “hold” rating and set a $25.00 price objective on shares of TrueBlue in a report on Friday, October 6th. ValuEngine raised TrueBlue from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Zacks Investment Research downgraded TrueBlue from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $23.00 price objective on shares of TrueBlue in a report on Friday, October 13th. Two 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’s stock. The company presently has an average rating of “Hold” and an average target price of $26.00.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of TrueBlue by 16.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,519,856 shares of the business services provider’s stock valued at $119,777,000 after purchasing an additional 627,033 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of TrueBlue by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,219,800 shares of the business services provider’s stock valued at $49,834,000 after purchasing an additional 127,660 shares during the period. Alliancebernstein L.P. lifted its stake in shares of TrueBlue by 2.6% in the 2nd quarter. Alliancebernstein L.P. now owns 1,380,711 shares of the business services provider’s stock valued at $36,589,000 after purchasing an additional 35,040 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of TrueBlue by 12.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,238,560 shares of the business services provider’s stock valued at $27,682,000 after purchasing an additional 141,579 shares during the period. Finally, FMR LLC lifted its stake in shares of TrueBlue by 16.1% in the 2nd quarter. FMR LLC now owns 1,209,465 shares of the business services provider’s stock valued at $32,051,000 after purchasing an additional 168,165 shares during the period. 90.55% of the stock is currently owned by 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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