TrueBlue, Inc. (NYSE:TBI) CEO Acquires $75,645.90 in Stock

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

TrueBlue Stock Up 2.2 %

Shares of TBI opened at $6.33 on Friday. The firm has a market cap of $187.90 million, a PE ratio of -1.52, a price-to-earnings-growth ratio of 3.01 and a beta of 1.42. The company’s fifty day moving average is $7.58 and its two-hundred day moving average is $7.67. TrueBlue, Inc. has a fifty-two week low of $5.85 and a fifty-two week high of $12.65. The company has a quick ratio of 1.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.02.

TrueBlue (NYSE:TBI) last announced its quarterly earnings results 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. The company had revenue of $385.95 million for the quarter, compared to analyst estimates of $385.04 million. TrueBlue had a negative net margin of 8.02% and a negative return on equity of 3.90%. Analysts forecast that TrueBlue, Inc. will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TBI has been the subject of a number of recent research reports. BMO Capital Markets dropped their price objective 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. StockNews.com raised shares of TrueBlue from a “sell” rating to a “hold” rating in a research note on Sunday.

Hedge Funds Weigh In On TrueBlue

A number of hedge funds have recently made changes to their positions in TBI. Quantbot Technologies LP acquired a new position in shares of TrueBlue during the 3rd quarter valued at $79,000. SG Americas Securities LLC acquired a new position in shares of TrueBlue during the 4th quarter valued at $108,000. Proficio Capital Partners LLC acquired a new position in shares of TrueBlue during the 4th quarter valued at $116,000. MetLife Investment Management LLC lifted its holdings in shares of TrueBlue by 23.5% during the 4th quarter. MetLife Investment Management LLC now owns 15,886 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 3,028 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of TrueBlue by 24.7% during the 4th quarter. Wells Fargo & Company MN now owns 17,112 shares of the business services provider’s stock valued at $144,000 after acquiring an additional 3,393 shares in the last quarter. Institutional investors and hedge funds 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.