TrueBlue, Inc. (NYSE:TBI) EVP Carl Schweihs Sells 4,000 Shares

TrueBlue, Inc. (NYSE:TBI) EVP Carl Schweihs sold 4,000 shares of the company’s stock in a transaction dated Thursday, April 29th. The stock was sold at an average price of $28.07, for a total value of $112,280.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Carl Schweihs also recently made the following trade(s):

  • On Wednesday, February 24th, Carl Schweihs sold 5,502 shares of TrueBlue stock. The stock was sold at an average price of $21.40, for a total value of $117,742.80.

TBI stock traded up $0.94 during mid-day trading on Monday, reaching $29.24. 205,387 shares of the company’s stock were exchanged, compared to its average volume of 215,328. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -7.72 and a beta of 1.70. The stock’s 50 day moving average is $23.03 and its 200 day moving average is $20.14. TrueBlue, Inc. has a 12-month low of $12.30 and a 12-month high of $29.90.

TrueBlue (NYSE:TBI) last released its earnings results on Sunday, April 25th. The business services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.32. The business had revenue of $458.71 million for the quarter, compared to the consensus estimate of $449.23 million. TrueBlue had a positive return on equity of 3.97% and a negative net margin of 7.36%. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) earnings per share. Analysts predict that TrueBlue, Inc. will post 0.34 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Veriti Management LLC purchased a new position in shares of TrueBlue in the fourth quarter valued at approximately $60,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of TrueBlue by 36.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,021 shares of the business services provider’s stock valued at $150,000 after purchasing an additional 2,151 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of TrueBlue by 250.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,986 shares of the business services provider’s stock valued at $168,000 after purchasing an additional 6,420 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of TrueBlue in the first quarter valued at approximately $203,000. Finally, First Hawaiian Bank acquired a new stake in shares of TrueBlue in the fourth quarter valued at approximately $238,000. Institutional investors and hedge funds own 90.69% of the company’s stock.

TBI has been the topic of a number of recent research reports. Robert W. Baird upgraded TrueBlue from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $21.00 to $29.00 in a research note on Monday. Zacks Investment Research upgraded TrueBlue from a “hold” rating to a “strong-buy” rating and set a $33.00 target price on the stock in a research note on Friday. Finally, Credit Suisse Group upped their target price on TrueBlue from $19.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $25.00.

About TrueBlue

TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers a range of contingent staffing solutions for blue-collar, on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, hospitality, general labor, and other industries.

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