Insider Selling: TrueBlue, Inc. (TBI) EVP Sells $359,604.00 in Stock

TrueBlue, Inc. (NYSE:TBI) EVP Wayne W. Larkin sold 12,600 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $28.54, for a total value of $359,604.00. Following the completion of the sale, the executive vice president now directly owns 39,461 shares in the company, valued at approximately $1,126,216.94. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of TrueBlue, Inc. (NYSE TBI) opened at $27.30 on Thursday. TrueBlue, Inc. has a 1 year low of $19.30 and a 1 year high of $29.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market capitalization of $1,125.03, a P/E ratio of 15.20 and a beta of 2.38.

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

TrueBlue announced that its board has approved a stock repurchase plan 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. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

A number of institutional investors and hedge funds have recently bought and sold shares of TBI. Louisiana State Employees Retirement System increased its position in shares of TrueBlue by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 17,300 shares of the business services provider’s stock valued at $458,000 after purchasing an additional 100 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of TrueBlue by 0.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 43,510 shares of the business services provider’s stock valued at $1,153,000 after purchasing an additional 165 shares during the period. Jennison Associates LLC increased its position in shares of TrueBlue by 0.5% during the 2nd quarter. Jennison Associates LLC now owns 37,797 shares of the business services provider’s stock valued at $1,002,000 after purchasing an additional 192 shares during the period. Arizona State Retirement System increased its position in shares of TrueBlue by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 22,228 shares of the business services provider’s stock valued at $589,000 after purchasing an additional 200 shares during the period. Finally, NGAM Advisors L.P. increased its position in shares of TrueBlue by 1.8% during the 2nd quarter. NGAM Advisors L.P. now owns 21,513 shares of the business services provider’s stock valued at $570,000 after purchasing an additional 374 shares during the period. Hedge funds and other institutional investors own 90.55% of the company’s stock.

Several brokerages recently issued reports on TBI. TheStreet raised TrueBlue from a “c+” rating to a “b” rating in a report on Friday, November 17th. Zacks Investment Research downgraded TrueBlue from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. BMO Capital Markets raised their price target on TrueBlue from $23.00 to $26.00 and gave the stock a “market perform” rating in a report on Wednesday, November 1st. Robert W. Baird raised their price target on TrueBlue from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Finally, ValuEngine raised TrueBlue from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Two research 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’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $26.00.

TRADEMARK VIOLATION WARNING: This story was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another website, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/3079560/insider-selling-trueblue-inc-tbi-evp-sells-359604-00-in-stock.html.

About TrueBlue

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)

Receive News & Ratings for TrueBlue Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrueBlue Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.