TrueBlue, Inc. (NYSE:TBI) CEO Buys $75,645.90 in Stock

TrueBlue, Inc. (NYSE:TBI) CEO Taryn R. Owen purchased 12,735 shares of the stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $5.94 per share, with a total value of $75,645.90. Following the completion of the transaction, the chief executive officer now owns 414,932 shares of the company’s stock, valued at approximately $2,464,696.08. This trade represents a 3.17 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

TrueBlue Stock Up 0.9 %

Shares of NYSE:TBI traded up $0.06 during trading on Thursday, hitting $6.18. The company’s stock had a trading volume of 59,389 shares, compared to its average volume of 146,984. TrueBlue, Inc. has a fifty-two week low of $5.85 and a fifty-two week high of $12.65. The business has a 50 day moving average price of $7.66 and a two-hundred day moving average price of $7.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.85 and a current ratio of 1.73. The company has a market capitalization of $183.45 million, a PE ratio of -1.49, a P/E/G ratio of 3.01 and a beta of 1.42.

TrueBlue (NYSE:TBI) last released its earnings results on Wednesday, February 19th. The business services provider reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.14. The firm had revenue of $385.95 million during the quarter, compared to analysts’ expectations of $385.04 million. TrueBlue had a negative return on equity of 3.90% and a negative net margin of 8.02%. As a group, research analysts expect that TrueBlue, Inc. will post 0.15 EPS for the current fiscal year.

Institutional Trading of TrueBlue

A number of large investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in TrueBlue in the third quarter worth approximately $79,000. SG Americas Securities LLC purchased a new stake in shares of TrueBlue during the 4th quarter worth $108,000. Proficio Capital Partners LLC acquired a new position in shares of TrueBlue during the fourth quarter worth $116,000. MetLife Investment Management LLC increased its holdings in TrueBlue by 23.5% in the fourth quarter. MetLife Investment Management LLC now owns 15,886 shares of the business services provider’s stock valued at $133,000 after buying an additional 3,028 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in TrueBlue by 24.7% in the fourth quarter. Wells Fargo & Company MN now owns 17,112 shares of the business services provider’s stock valued at $144,000 after buying an additional 3,393 shares during the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on TBI shares. StockNews.com cut TrueBlue from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. BMO Capital Markets reduced their price target on shares of TrueBlue from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th.

About TrueBlue

TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The company PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and renewable energy industries.