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

TrueBlue, Inc. (NYSE:TBI) CFO Carl Schweihs bought 10,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was bought at an average cost of $6.25 per share, with a total value of $62,500.00. Following the transaction, the chief financial officer now owns 166,551 shares in the company, valued at $1,040,943.75. This trade represents a 6.39 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

TrueBlue Price Performance

TrueBlue stock opened at $6.10 on Thursday. 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, Inc. has a 1 year low of $5.85 and a 1 year high of $12.65. The company has a market cap of $181.25 million, a price-to-earnings ratio of -1.47, a PEG ratio of 3.01 and a beta of 1.42. The firm has a 50 day moving average price of $7.66 and a 200 day moving average price of $7.69.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TBI. Pzena Investment Management LLC boosted its stake in TrueBlue by 0.3% in the fourth quarter. Pzena Investment Management LLC now owns 2,788,628 shares of the business services provider’s stock worth $23,424,000 after purchasing an additional 8,511 shares in the last quarter. Invesco Ltd. raised its position in shares of TrueBlue by 1.4% in the fourth quarter. Invesco Ltd. now owns 2,032,941 shares of the business services provider’s stock valued at $17,077,000 after purchasing an additional 27,515 shares during the period. FMR LLC grew its stake in shares of TrueBlue by 10.0% in the third 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 in the last quarter. Royce & Associates LP lifted its holdings in shares of 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 acquiring an additional 441,108 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in TrueBlue by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 678,393 shares of the business services provider’s stock valued at $5,700,000 after buying an additional 4,499 shares during the last quarter. 97.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

About TrueBlue

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.