TrueBlue, Inc. (NYSE:TBI) EVP Wayne W. Larkin sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $23.00, for a total transaction of $230,000.00. Following the sale, the executive vice president now owns 52,061 shares in the company, valued at $1,197,403. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Wayne W. Larkin also recently made the following trade(s):

  • On Friday, September 1st, Wayne W. Larkin sold 10,000 shares of TrueBlue stock. The stock was sold at an average price of $20.38, for a total transaction of $203,800.00.

Shares of TrueBlue, Inc. (NYSE TBI) opened at 23.20 on Wednesday. TrueBlue, Inc. has a 12 month low of $16.50 and a 12 month high of $28.70. The firm has a market cap of $964.61 million, a price-to-earnings ratio of 16.38 and a beta of 2.40. The stock’s 50 day moving average price is $20.87 and its 200 day moving average price is $24.80.

TrueBlue (NYSE:TBI) last released its quarterly earnings results on Monday, July 31st. The business services provider reported $0.42 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.42. TrueBlue had a net margin of 2.27% and a return on equity of 15.18%. The business had revenue of $610.10 million during the quarter, compared to analyst estimates of $610.04 million. During the same period last year, the business earned $0.54 EPS. The business’s revenue was down 9.3% on a year-over-year basis. Equities research analysts predict that TrueBlue, Inc. will post $1.69 earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB purchased a new stake in shares of TrueBlue during the first quarter worth about $170,000. State of Alaska Department of Revenue lifted its stake in shares of TrueBlue by 79.6% in the second quarter. State of Alaska Department of Revenue now owns 8,371 shares of the business services provider’s stock worth $221,000 after acquiring an additional 3,711 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of TrueBlue in the second quarter worth about $236,000. Schroder Investment Management Group acquired a new position in shares of TrueBlue in the first quarter worth about $251,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of TrueBlue in the second quarter worth about $244,000. Institutional investors own 89.82% of the company’s stock.

A number of brokerages have commented on TBI. ValuEngine downgraded shares of TrueBlue from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BMO Capital Markets restated a “hold” rating and issued a $23.00 price objective (down from $26.00) on shares of TrueBlue in a report on Friday, August 11th. BidaskClub cut shares of TrueBlue from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. TheStreet raised shares of TrueBlue from a “c” rating to a “b” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research downgraded shares of TrueBlue from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. TrueBlue has a consensus rating of “Hold” and an average target price of $21.25.

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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