TrueBlue, Inc. (NYSE:TBI) CEO Taryn R. Owen Acquires 12,735 Shares

TrueBlue, Inc. (NYSE:TBI) CEO Taryn R. Owen purchased 12,735 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average price of $5.94 per share, for a total transaction of $75,645.90. Following the purchase, the chief executive officer now owns 414,932 shares in the company, valued at approximately $2,464,696.08. The trade was a 3.17 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

TrueBlue Trading Up 0.9 %

Shares of NYSE TBI opened at $6.18 on Friday. The firm has a 50 day moving average price of $7.62 and a two-hundred day moving average price of $7.68. The stock has a market cap of $183.45 million, a P/E ratio of -1.48, a price-to-earnings-growth ratio of 3.01 and a beta of 1.42. TrueBlue, Inc. has a 52-week low of $5.85 and a 52-week high of $12.65. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.85 and a current ratio of 1.73.

TrueBlue (NYSE:TBI) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.14. TrueBlue had a negative return on equity of 3.90% and a negative net margin of 8.02%. The business had revenue of $385.95 million during the quarter, compared to the consensus estimate of $385.04 million. As a group, equities analysts forecast that TrueBlue, Inc. will post 0.15 EPS for the current year.

Wall Street Analyst Weigh In

TBI has been the subject of several research analyst reports. StockNews.com downgraded TrueBlue from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. BMO Capital Markets lowered their price target on shares of TrueBlue from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th.

Institutional Trading of TrueBlue

A number of institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its position in shares of TrueBlue by 33.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 386,432 shares of the business services provider’s stock valued at $3,049,000 after purchasing an additional 96,072 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in shares of TrueBlue by 85.2% during the 3rd quarter. GSA Capital Partners LLP now owns 220,892 shares of the business services provider’s stock worth $1,743,000 after buying an additional 101,589 shares in the last quarter. Royce & Associates LP grew its position in shares of TrueBlue by 28.5% during the 3rd quarter. Royce & Associates LP now owns 1,082,085 shares of the business services provider’s stock worth $8,538,000 after buying an additional 239,740 shares during the period. Empowered Funds LLC increased its stake in shares of TrueBlue by 34.2% in the 3rd quarter. Empowered Funds LLC now owns 163,742 shares of the business services provider’s stock valued at $1,292,000 after acquiring an additional 41,754 shares in the last quarter. Finally, FMR LLC lifted its position in shares of TrueBlue by 10.0% during the 3rd quarter. FMR LLC now owns 1,742,474 shares of the business services provider’s stock valued at $13,748,000 after acquiring an additional 158,967 shares during the period. Institutional investors own 97.15% of the company’s stock.

TrueBlue Company Profile

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.