Trueblue Inc (NYSE:TBI) Director Bonnie W. Soodik sold 20,871 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $27.85, for a total transaction of $581,257.35. Following the transaction, the director now owns 2,119 shares in the company, valued at $59,014.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Trueblue Inc (NYSE TBI) traded up $0.70 during trading on Wednesday, hitting $28.75. 352,568 shares of the stock traded hands, compared to its average volume of 239,938. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.02 and a quick ratio of 1.77. Trueblue Inc has a 1 year low of $19.30 and a 1 year high of $29.50. The company has a market capitalization of $1,190.00, a PE ratio of 21.46 and a beta of 2.27.

Trueblue (NYSE:TBI) last issued its earnings results on Wednesday, February 7th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. Trueblue had a net margin of 2.21% and a return on equity of 13.30%. The firm had revenue of $669.63 million for the quarter, compared to analysts’ expectations of $667.66 million. During the same quarter last year, the business earned $0.58 earnings per share. The business’s revenue was down 8.9% on a year-over-year basis. analysts forecast that Trueblue Inc will post 2.21 earnings per share for the current year.

Trueblue declared that its Board of Directors has initiated a stock repurchase program on Monday, October 30th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Trueblue by 1.9% in the fourth quarter. BlackRock Inc. now owns 5,307,669 shares of the business services provider’s stock worth $145,963,000 after purchasing an additional 97,629 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Trueblue by 16.1% in the second quarter. Vanguard Group Inc. now owns 4,519,856 shares of the business services provider’s stock worth $119,777,000 after purchasing an additional 627,033 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Trueblue by 6.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,219,800 shares of the business services provider’s stock worth $49,834,000 after purchasing an additional 127,660 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Trueblue by 12.9% in the third quarter. JPMorgan Chase & Co. now owns 1,238,560 shares of the business services provider’s stock worth $27,682,000 after purchasing an additional 141,579 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Trueblue by 16.1% in the second quarter. FMR LLC now owns 1,209,465 shares of the business services provider’s stock worth $32,051,000 after purchasing an additional 168,165 shares during the last quarter. Hedge funds and other institutional investors own 90.52% of the company’s stock.

A number of research analysts have commented on TBI shares. Robert W. Baird increased their price target on shares of Trueblue from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Zacks Investment Research cut shares of Trueblue from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. BMO Capital Markets increased their price target on shares of Trueblue from $23.00 to $26.00 and gave the company a “market perform” rating in a research report on Wednesday, November 1st. Finally, TheStreet upgraded shares of Trueblue from a “c+” rating to a “b” rating in a research report on Friday, November 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $28.67.

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About Trueblue

TrueBlue, Inc is a provider of specialized workforce solutions. The Company is engaged in providing staffing, on-site workforce management and recruitment process outsourcing services. The Company operates through three segments: PeopleReady, PeopleManagement and PeopleScout. Its PeopleReady segment provides blue-collar contingent staffing through the PeopleReady service line.

Insider Buying and Selling by Quarter for Trueblue (NYSE:TBI)

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