TrueBlue, Inc. (NYSE:TBI) EVP James E. Defebaugh sold 8,000 shares of TrueBlue stock in a transaction on Monday, February 13th. The stock was sold at an average price of $25.15, for a total value of $201,200.00. Following the sale, the executive vice president now owns 53,284 shares in the company, valued at $1,340,092.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of TrueBlue, Inc. (NYSE:TBI) opened at 25.00 on Wednesday. TrueBlue, Inc. has a 52 week low of $16.50 and a 52 week high of $27.57. The firm has a 50 day moving average price of $24.53 and a 200 day moving average price of $22.20. The company’s market capitalization is $1.04 billion.
TrueBlue (NYSE:TBI) last posted its earnings results on Wednesday, February 8th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The firm had revenue of $734.95 million for the quarter, compared to the consensus estimate of $703.86 million. TrueBlue had a positive return on equity of 16.55% and a negative net margin of 0.55%. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 EPS. Equities analysts forecast that TrueBlue, Inc. will post $1.76 EPS for the current year.
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TBI has been the topic of a number of recent analyst reports. Deutsche Bank AG set a $18.00 price target on TrueBlue and gave the stock a “sell” rating in a report on Tuesday, October 18th. Avondale Partners lowered TrueBlue from an “outperform” rating to an “underperform” rating and dropped their price target for the stock from $20.00 to $15.00 in a report on Thursday, October 20th. Zacks Investment Research lowered TrueBlue from a “hold” rating to a “sell” rating in a report on Saturday, October 22nd. Finally, TheStreet upgraded TrueBlue from a “hold” rating to a “buy” rating in a report on Friday, December 23rd. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. TrueBlue has an average rating of “Hold” and an average target price of $19.80.
Hedge funds have recently bought and sold shares of the company. GMT Capital Corp increased its stake in TrueBlue by 206.0% in the third quarter. GMT Capital Corp now owns 1,749,073 shares of the company’s stock valued at $39,634,000 after buying an additional 1,177,473 shares during the last quarter. Bank of New York Mellon Corp increased its stake in TrueBlue by 8.3% in the third quarter. Bank of New York Mellon Corp now owns 4,664,466 shares of the company’s stock valued at $105,696,000 after buying an additional 355,499 shares during the last quarter. Royce & Associates LP increased its stake in TrueBlue by 12.0% in the second quarter. Royce & Associates LP now owns 2,195,486 shares of the company’s stock valued at $41,539,000 after buying an additional 234,449 shares during the last quarter. BlackRock Fund Advisors increased its stake in TrueBlue by 8.6% in the third quarter. BlackRock Fund Advisors now owns 2,887,543 shares of the company’s stock valued at $65,432,000 after buying an additional 228,263 shares during the last quarter. Finally, Perkins Investment Management LLC increased its stake in TrueBlue by 71.6% in the third quarter. Perkins Investment Management LLC now owns 547,055 shares of the company’s stock valued at $12,396,000 after buying an additional 228,191 shares during the last quarter. Institutional investors own 88.46% of the company’s stock.
TrueBlue, Inc (TrueBlue) is a provider of specialized workforce solutions. The Company is engaged in providing staffing, recruitment process outsourcing, and managed service provider solutions. The Company operates through two segments: Staffing Services and Managed Services. The Company offers on-premise temporary blue-collar staffing, and outsourced service offerings in recruitment process outsourcing (RPO) and management of contingent labor services providers (MSP) solutions.
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