Key Points
- Director Sonita Lontoh sold 2,186 shares of TrueBlue stock on June 5 at an average price of $6.73, totaling about $14,712. After the sale, she still owned 72,733 shares.
- TrueBlue shares were trading around $6.67, near the top of their 52-week range of $3.18 to $7.78. The company’s market cap is about $202.68 million.
- TrueBlue recently beat quarterly earnings expectations, reporting a loss of $0.41 per share versus estimates for a $0.45 loss, and revenue of $398.57 million above forecasts. Analysts currently have a consensus rating of Hold with a target price of $5.75.
TrueBlue, Inc. (NYSE:TBI - Get Free Report) Director Sonita Lontoh sold 2,186 shares of the business's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $6.73, for a total value of $14,711.78. Following the sale, the director owned 72,733 shares of the company's stock, valued at $489,493.09. The trade was a 2.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
TrueBlue Stock Up 0.6%
Shares of TBI opened at $6.67 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.09 and a current ratio of 2.09. TrueBlue, Inc. has a one year low of $3.18 and a one year high of $7.78. The stock has a market capitalization of $202.68 million, a price-to-earnings ratio of -3.75 and a beta of 1.64. The stock has a 50 day moving average price of $5.06 and a 200 day moving average price of $4.77.
TrueBlue (NYSE:TBI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The business services provider reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.45) by $0.04. TrueBlue had a negative return on equity of 7.37% and a negative net margin of 3.25%.The firm had revenue of $398.57 million during the quarter, compared to analysts' expectations of $390.51 million. Equities research analysts forecast that TrueBlue, Inc. will post -0.09 earnings per share for the current fiscal year.
Analyst Ratings Changes
TBI has been the subject of several research reports. Robert W. Baird set a $5.50 price target on TrueBlue in a research report on Thursday, February 19th. Wall Street Zen cut TrueBlue from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. Zacks Research raised TrueBlue from a "strong sell" rating to a "hold" rating in a research note on Monday, April 20th. Finally, Weiss Ratings raised TrueBlue from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $5.75.
Check Out Our Latest Report on TrueBlue
Hedge Funds Weigh In On TrueBlue
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp acquired a new position in TrueBlue during the first quarter worth $41,000. Dynamic Technology Lab Private Ltd acquired a new position in TrueBlue during the fourth quarter worth $48,000. Simplex Trading LLC boosted its stake in TrueBlue by 56.9% during the fourth quarter. Simplex Trading LLC now owns 11,018 shares of the business services provider's stock worth $50,000 after buying an additional 3,995 shares during the last quarter. Glenmede Trust Co. NA acquired a new position in TrueBlue during the first quarter worth $53,000. Finally, Balyasny Asset Management L.P. acquired a new position in TrueBlue during the fourth quarter worth $53,000. Institutional investors and hedge funds own 97.15% of the company's stock.
About TrueBlue
(
Get Free Report)
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.
Further Reading
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