TrueBlue, Inc. (NYSE:TBI) CFO Carl Schweihs Acquires 10,000 Shares

TrueBlue, Inc. (NYSE:TBI) CFO Carl Schweihs purchased 10,000 shares of the stock in a transaction on Monday, February 24th. The stock was acquired at an average cost of $6.25 per share, with a total value of $62,500.00. Following the acquisition, the chief financial officer now owns 166,551 shares of the company’s stock, valued at approximately $1,040,943.75. This represents a 6.39 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

TrueBlue Stock Performance

Shares of NYSE TBI traded up $0.15 during trading hours on Wednesday, reaching $6.09. The stock had a trading volume of 183,096 shares, compared to its average volume of 145,892. The firm has a 50-day moving average of $7.71 and a 200-day moving average of $7.70. The firm has a market cap of $180.92 million, a price-to-earnings ratio of -1.46, a PEG ratio of 3.01 and a beta of 1.42. The company has a current ratio of 1.73, a quick ratio of 1.85 and a debt-to-equity ratio of 0.02. TrueBlue, Inc. has a fifty-two week low of $5.85 and a fifty-two week high of $12.65.

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

Hedge Funds Weigh In On TrueBlue

Institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP increased its holdings in shares of TrueBlue by 28.5% in the third quarter. Royce & Associates LP now owns 1,082,085 shares of the business services provider’s stock valued at $8,538,000 after purchasing an additional 239,740 shares during the period. BNP Paribas Financial Markets raised its position in TrueBlue by 230.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 46,687 shares of the business services provider’s stock worth $368,000 after buying an additional 32,542 shares during the last quarter. Barclays PLC lifted its stake in shares of TrueBlue by 95.7% in the 3rd quarter. Barclays PLC now owns 67,353 shares of the business services provider’s stock worth $531,000 after acquiring an additional 32,940 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of TrueBlue by 33.1% in the third quarter. Assenagon Asset Management S.A. now owns 386,432 shares of the business services provider’s stock valued at $3,049,000 after acquiring an additional 96,072 shares in the last quarter. Finally, State Street Corp increased its stake in shares of TrueBlue by 0.3% during the third quarter. State Street Corp now owns 665,901 shares of the business services provider’s stock worth $5,254,000 after acquiring an additional 1,968 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of TrueBlue from a “hold” rating to a “sell” rating in a research note on Saturday. BMO Capital Markets lowered their target price on shares of TrueBlue from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th.

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.