TrueBlue (NYSE:TBI) Director Sells $14,711.78 in Stock

TrueBlue, Inc. (NYSE:TBI) Director Sonita Lontoh sold 2,186 shares of TrueBlue stock in a transaction on Friday, June 5th. The stock was sold at an average price of $6.73, for a total transaction of $14,711.78. Following the completion of the sale, the director owned 72,733 shares of the company’s stock, valued at approximately $489,493.09. This trade represents a 2.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

TrueBlue Trading Down 0.2%

TBI opened at $6.55 on Thursday. TrueBlue, Inc. has a 12-month low of $3.18 and a 12-month high of $7.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.09 and a quick ratio of 2.09. The stock has a market capitalization of $198.97 million, a PE ratio of -3.68 and a beta of 1.64. The firm’s fifty day moving average price is $5.18 and its 200 day moving average price is $4.79.

TrueBlue (NYSE:TBI) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported ($0.41) earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.04. The company had revenue of $398.57 million during the quarter, compared to analyst estimates of $390.51 million. TrueBlue had a negative net margin of 3.25% and a negative return on equity of 7.37%. As a group, research analysts expect that TrueBlue, Inc. will post -0.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TBI has been the subject of several research analyst reports. Robert W. Baird set a $5.50 price objective on TrueBlue in a report on Thursday, February 19th. Wall Street Zen lowered TrueBlue from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded TrueBlue from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 28th. Finally, Zacks Research raised TrueBlue from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, TrueBlue currently has a consensus rating of “Hold” and an average price target of $5.75.

Hedge Funds Weigh In On TrueBlue

A number of hedge funds and other institutional investors have recently bought and sold shares of TBI. Boston Partners raised its position in shares of TrueBlue by 37.6% during the 4th quarter. Boston Partners now owns 2,220,850 shares of the business services provider’s stock worth $10,106,000 after purchasing an additional 606,446 shares during the period. Charles Schwab Investment Management Inc. boosted its position in TrueBlue by 32.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,012,217 shares of the business services provider’s stock valued at $9,156,000 after purchasing an additional 492,984 shares during the period. Azarias Capital Management L.P. grew its stake in TrueBlue by 1.3% during the 1st quarter. Azarias Capital Management L.P. now owns 1,001,950 shares of the business services provider’s stock worth $3,918,000 after buying an additional 13,070 shares during the last quarter. Geode Capital Management LLC increased its position in TrueBlue by 0.5% in the second quarter. Geode Capital Management LLC now owns 692,713 shares of the business services provider’s stock worth $4,490,000 after buying an additional 3,269 shares during the period. Finally, Russell Investments Group Ltd. increased its position in TrueBlue by 80.8% in the fourth quarter. Russell Investments Group Ltd. now owns 656,233 shares of the business services provider’s stock worth $2,986,000 after buying an additional 293,363 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.

TrueBlue Company Profile

TrueBlue, Inc is a Tacoma, Washington–based workforce solutions provider specializing in temporary staffing, permanent placement and managed service solutions. Operating through its subsidiaries and brands, TrueBlue connects clients across manufacturing, logistics, retail, construction and public sector markets with skilled professionals for both short-term and long-term engagements. The company’s offerings encompass on-demand blue-collar labor, specialized industrial staffing, recruitment process outsourcing (RPO) and contingent workforce management.

TrueBlue’s primary service lines include PeopleReady, which supplies general labor for construction, hospitality and event services; PeopleManagement, which focuses on technical and industrial professionals; PeopleScout, a global RPO business offering end-to-end talent acquisition and consulting; and Staff Management | SMX, which delivers seasonal staffing for large-scale events, amusement parks and federal workforce contracts.