TrueBlue (NYSE:TBI) Stock Rating Upgraded by StockNews.com

TrueBlue (NYSE:TBI) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Sunday.

Separately, BMO Capital Markets dropped their price target on shares of TrueBlue from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th.

TrueBlue Price Performance

TBI stock opened at $6.33 on Friday. TrueBlue has a 12 month low of $5.85 and a 12 month high of $12.65. The company has a current ratio of 1.73, a quick ratio of 1.85 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $7.58 and a 200 day moving average price of $7.67. The stock has a market cap of $187.90 million, a PE ratio of -1.52, a P/E/G ratio of 3.01 and a beta of 1.42.

TrueBlue (NYSE:TBI) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.14. TrueBlue had a negative net margin of 8.02% and a negative return on equity of 3.90%. The firm had revenue of $385.95 million during the quarter, compared to analysts’ expectations of $385.04 million. Equities research analysts anticipate that TrueBlue will post 0.15 earnings per share for the current year.

Insider Activity at TrueBlue

In other TrueBlue news, CEO Taryn R. Owen purchased 12,735 shares of TrueBlue stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average price of $5.94 per share, for a total transaction of $75,645.90. Following the acquisition, the chief executive officer now owns 414,932 shares in the company, valued at $2,464,696.08. This trade represents a 3.17 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Carl Schweihs purchased 10,000 shares of TrueBlue stock in a transaction dated Monday, February 24th. The stock was acquired at an average price of $6.25 per share, with a total value of $62,500.00. Following the acquisition, the chief financial officer now owns 166,551 shares in the company, valued at approximately $1,040,943.75. This represents a 6.39 % increase in their position. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TrueBlue

Large investors have recently modified their holdings of the business. Quantbot Technologies LP bought a new position in shares of TrueBlue during the 3rd quarter worth approximately $79,000. SG Americas Securities LLC bought a new position in shares of TrueBlue during the 4th quarter worth approximately $108,000. Proficio Capital Partners LLC bought a new position in shares of TrueBlue during the 4th quarter worth approximately $116,000. MetLife Investment Management LLC raised its stake in shares of TrueBlue by 23.5% during the 4th quarter. MetLife Investment Management LLC now owns 15,886 shares of the business services provider’s stock worth $133,000 after acquiring an additional 3,028 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of TrueBlue by 24.7% during the 4th quarter. Wells Fargo & Company MN now owns 17,112 shares of the business services provider’s stock worth $144,000 after acquiring an additional 3,393 shares in the last quarter. Institutional investors own 97.15% of the company’s stock.

TrueBlue Company Profile

TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The company PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and renewable energy industries.