TrueBlue, Inc. (NYSE:TBI)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.86 and traded as high as $19.86. TrueBlue shares last traded at $19.47, with a volume of 109,040 shares changing hands.
Several equities analysts have commented on the company. Northcoast Research cut TrueBlue from a “buy” rating to a “neutral” rating in a report on Monday, December 14th. BMO Capital Markets raised TrueBlue from a “market perform” rating to an “outperform” rating and upped their price target for the company from $18.00 to $24.00 in a report on Monday, November 23rd. TheStreet raised TrueBlue from a “d+” rating to a “c” rating in a report on Monday, November 23rd. Sidoti upped their price target on TrueBlue from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, October 1st. Finally, Zacks Investment Research cut TrueBlue from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 29th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $18.40.
The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average price of $19.44 and a 200-day moving average price of $16.86. The firm has a market capitalization of $690.66 million, a price-to-earnings ratio of -5.79 and a beta of 1.81.
In related news, Director Colleen B. Brown sold 5,000 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $17.94, for a total transaction of $89,700.00. Following the completion of the sale, the director now directly owns 15,695 shares of the company’s stock, valued at approximately $281,568.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC boosted its position in TrueBlue by 202,673.8% in the 2nd quarter. FMR LLC now owns 379,187 shares of the business services provider’s stock valued at $5,790,000 after buying an additional 379,000 shares during the last quarter. Sei Investments Co. boosted its position in TrueBlue by 0.6% in the 3rd quarter. Sei Investments Co. now owns 151,659 shares of the business services provider’s stock valued at $2,319,000 after buying an additional 887 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in TrueBlue in the 3rd quarter valued at $1,328,000. Two Sigma Advisers LP boosted its position in TrueBlue by 116.8% in the 2nd quarter. Two Sigma Advisers LP now owns 116,400 shares of the business services provider’s stock valued at $1,777,000 after buying an additional 62,700 shares during the last quarter. Finally, Mackay Shields LLC bought a new position in TrueBlue in the 3rd quarter valued at $1,146,000. Hedge funds and other institutional investors own 95.02% of the company’s stock.
TrueBlue Company Profile (NYSE:TBI)
TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers a range of contingent staffing solutions for blue-collar, on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, hospitality, general labor, and other industries.
See Also: Cryptocurrencies
Receive News & Ratings for TrueBlue Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrueBlue and related companies with MarketBeat.com's FREE daily email newsletter.