TrueBlue, Inc. (TBI) EVP James E. Defebaugh Sells 7,500 Shares

TrueBlue, Inc. (NYSE:TBI) EVP James E. Defebaugh sold 7,500 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $28.16, for a total transaction of $211,200.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.

TrueBlue, Inc. (NYSE:TBI) traded down $0.40 during trading hours on Wednesday, hitting $28.00. 499,500 shares of the stock were exchanged, compared to its average volume of 293,842. The stock has a market cap of $1,140.00, a P/E ratio of 15.87 and a beta of 2.37. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.20. TrueBlue, Inc. has a 12-month low of $19.30 and a 12-month high of $28.70.

TrueBlue (NYSE:TBI) last released its earnings results on Monday, October 30th. The business services provider reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. The firm had revenue of $660.78 million for the quarter, compared to the consensus estimate of $651.91 million. TrueBlue had a net margin of 2.22% and a return on equity of 14.05%. The company’s revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 EPS. analysts expect that TrueBlue, Inc. will post 1.7 EPS for the current fiscal year.

TrueBlue announced that its board has authorized a share buyback program on Monday, October 30th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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Several large investors have recently added to or reduced their stakes in TBI. BlackRock Inc. grew its position in shares of TrueBlue by 50,858.0% in the 1st quarter. BlackRock Inc. now owns 5,165,614 shares of the business services provider’s stock worth $141,280,000 after buying an additional 5,155,477 shares during the period. Vanguard Group Inc. grew its position 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 worth $119,777,000 after buying an additional 627,033 shares during the period. Ameriprise Financial Inc. grew its position in shares of TrueBlue by 28.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 840,797 shares of the business services provider’s stock worth $22,281,000 after buying an additional 184,641 shares during the period. ClariVest Asset Management LLC grew its position in shares of TrueBlue by 115.7% in the 2nd quarter. ClariVest Asset Management LLC now owns 325,008 shares of the business services provider’s stock worth $8,611,000 after buying an additional 174,303 shares during the period. Finally, FMR LLC grew its position 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 worth $32,051,000 after buying an additional 168,165 shares during the period. 91.46% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on TBI shares. TheStreet raised shares of TrueBlue from a “c” rating to a “b” rating in a research report on Monday, July 31st. ValuEngine raised shares of TrueBlue from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Robert W. Baird reissued a “hold” rating and set a $25.00 price objective on shares of TrueBlue in a research report on Friday, October 6th. Zacks Investment Research raised shares of TrueBlue from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $23.00 target price (down from $26.00) on shares of TrueBlue in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $26.00.

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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