TrueBlue, Inc. (TBI) EVP Wayne W. Larkin Sells 10,000 Shares
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.
WARNING: This report was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/10/04/trueblue-inc-tbi-evp-wayne-w-larkin-sells-10000-shares.html.
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.
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.
Receive News & Stock Ratings for TrueBlue Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrueBlue Inc. and related stocks with our FREE daily email newsletter.