Derrek Lane Gafford Sells 20,000 Shares of Trueblue Inc (TBI) Stock

Trueblue Inc (NYSE:TBI) CFO Derrek Lane Gafford sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $27.75, for a total transaction of $555,000.00. Following the completion of the transaction, the chief financial officer now owns 91,859 shares of the company’s stock, valued at $2,549,087.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Trueblue Inc (NYSE:TBI) traded up 0.18% during midday trading on Friday, hitting $27.95. 67,217 shares of the stock traded hands. The stock’s 50-day moving average price is $26.94 and its 200 day moving average price is $25.39. Trueblue Inc has a 52 week low of $16.50 and a 52 week high of $28.70. The company’s market capitalization is $1.16 billion.

Trueblue (NYSE:TBI) last announced its quarterly earnings data on Monday, May 1st. The business services provider reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.09. The firm had revenue of $568.24 million during the quarter, compared to analyst estimates of $569.85 million. Trueblue had a negative net margin of 0.55% and a positive return on equity of 16.55%. The business’s quarterly revenue was down 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 EPS. On average, equities research analysts predict that Trueblue Inc will post $1.76 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This piece was first posted by Mideast Time and is the sole property of of Mideast Time. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://www.mideasttime.com/derrek-lane-gafford-sells-20000-shares-of-trueblue-inc-tbi-stock/1766206.html.

Several large investors have recently made changes to their positions in the company. Comerica Bank raised its stake in Trueblue by 5.7% in the fourth quarter. Comerica Bank now owns 45,246 shares of the business services provider’s stock worth $1,093,000 after buying an additional 2,442 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Trueblue by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,088,053 shares of the business services provider’s stock worth $51,471,000 after buying an additional 135,335 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Trueblue during the first quarter worth approximately $3,442,000. Russell Investments Group Ltd. purchased a new stake in Trueblue during the fourth quarter worth approximately $1,167,000. Finally, Arrowpoint Asset Management LLC raised its stake in Trueblue by 41.0% in the fourth quarter. Arrowpoint Asset Management LLC now owns 312,048 shares of the business services provider’s stock worth $7,692,000 after buying an additional 90,704 shares in the last quarter. Hedge funds and other institutional investors own 88.46% of the company’s stock.

TBI has been the subject of several recent research reports. BMO Capital Markets restated a “sell” rating and issued a $20.00 price target on shares of Trueblue in a research report on Wednesday, April 5th. Zacks Investment Research upgraded shares of Trueblue from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Wednesday, April 12th. Finally, TheStreet cut shares of Trueblue from a “b-” rating to a “c” rating in a research report on Thursday, February 9th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $22.50.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TBI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.