James E. Defebaugh Sells 10,000 Shares of Trueblue Inc (TBI) Stock

Trueblue Inc (NYSE:TBI) EVP James E. Defebaugh sold 10,000 shares of the stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $27.08, for a total value of $270,800.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

TBI traded down $0.05 during trading hours on Friday, hitting $29.30. The company’s stock had a trading volume of 117,400 shares, compared to its average volume of 236,233. Trueblue Inc has a fifty-two week low of $19.75 and a fifty-two week high of $29.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a market cap of $1.19 billion, a P/E ratio of 16.67 and a beta of 1.88.

Trueblue (NYSE:TBI) last posted its earnings results on Monday, July 30th. The business services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.49 by $0.08. Trueblue had a return on equity of 14.66% and a net margin of 2.57%. The firm had revenue of $614.30 million for the quarter, compared to analysts’ expectations of $601.43 million. During the same period last year, the firm earned $0.42 EPS. The firm’s revenue was up .7% compared to the same quarter last year. equities analysts anticipate that Trueblue Inc will post 2.23 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of TBI. Itau Unibanco Holding S.A. acquired a new stake in Trueblue in the 2nd quarter valued at approximately $129,000. Tower Research Capital LLC TRC acquired a new stake in Trueblue in the 2nd quarter valued at approximately $134,000. Signaturefd LLC acquired a new stake in Trueblue in the 1st quarter valued at approximately $190,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Trueblue in the 2nd quarter valued at approximately $215,000. Finally, Quantbot Technologies LP acquired a new stake in Trueblue in the 1st quarter valued at approximately $241,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

A number of analysts have recently weighed in on the company. Robert W. Baird reiterated a “hold” rating and set a $28.00 price target on shares of Trueblue in a research report on Tuesday, July 31st. TheStreet cut Trueblue from a “b-” rating to a “c” rating in a research report on Wednesday, May 16th. Zacks Investment Research cut Trueblue from a “hold” rating to a “sell” rating in a research report on Thursday, May 3rd. ValuEngine upgraded Trueblue from a “hold” rating to a “buy” rating in a research report on Tuesday, August 7th. Finally, Credit Suisse Group assumed coverage on Trueblue in a research report on Friday, August 10th. They set a “neutral” rating and a $31.00 price target on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $29.75.

About Trueblue

TrueBlue, Inc provides contingent staffing, recruitment process outsourcing, and contingent staffing management services in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers a range of staffing solutions for blue-collar, contingent on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, hospitality, general labor, and other industries under the Labor Ready, CLP Resources, and Spartan Staffing brands.

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