TrueBlue, Inc. (TBI) CEO Steven C. Cooper Sells 23,900 Shares

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.

TrueBlue declared that its board has authorized a share buyback plan on Monday, October 30th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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.

TRADEMARK VIOLATION WARNING: “TrueBlue, Inc. (TBI) CEO Steven C. Cooper Sells 23,900 Shares” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://www.com-unik.info/2017/12/06/trueblue-inc-tbi-ceo-steven-c-cooper-sells-23900-shares.html.

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)

What are top analysts saying about TrueBlue Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for TrueBlue Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit