Taryn R. Owen Purchases 12,735 Shares of TrueBlue, Inc. (NYSE:TBI) Stock

TrueBlue, Inc. (NYSE:TBI) CEO Taryn R. Owen bought 12,735 shares of the company’s 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 acquisition, the chief executive officer now owns 414,932 shares of the company’s stock, valued at $2,464,696.08. This trade represents a 3.17 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

TrueBlue Price Performance

TBI stock opened at $6.33 on Friday. TrueBlue, Inc. has a 1 year low of $5.85 and a 1 year high of $12.65. The company has a market cap of $187.90 million, a P/E ratio of -1.52, a PEG ratio of 3.01 and a beta of 1.42. The firm has a 50-day moving average of $7.58 and a 200 day moving average of $7.67. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.73 and a quick ratio of 1.85.

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

Hedge Funds Weigh In On TrueBlue

A number of institutional investors have recently bought and sold shares of TBI. Royce & Associates LP raised its stake in TrueBlue by 40.8% in the fourth quarter. Royce & Associates LP now owns 1,523,193 shares of the business services provider’s stock worth $12,795,000 after buying an additional 441,108 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of TrueBlue by 262.7% during the fourth quarter. Nuveen Asset Management LLC now owns 561,093 shares of the business services provider’s stock valued at $4,713,000 after purchasing an additional 406,405 shares in the last quarter. RBF Capital LLC increased its stake in shares of TrueBlue by 852.8% during the fourth quarter. RBF Capital LLC now owns 381,136 shares of the business services provider’s stock valued at $3,202,000 after purchasing an additional 341,136 shares in the last quarter. Advantage Alpha Capital Partners LP bought a new position in shares of TrueBlue during the fourth quarter valued at approximately $1,980,000. Finally, FMR LLC increased its stake in shares of TrueBlue by 10.0% during the third quarter. FMR LLC now owns 1,742,474 shares of the business services provider’s stock valued at $13,748,000 after purchasing an additional 158,967 shares in the last quarter. 97.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TBI. BMO Capital Markets dropped their target price 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. StockNews.com lowered shares of TrueBlue from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd.

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.