TrueBlue (NYSE:TBI) Cut to Sell at StockNews.com

StockNews.com lowered shares of TrueBlue (NYSE:TBI) from a hold rating to a sell rating in a research report released on Saturday morning.

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

TrueBlue Stock Down 3.2 %

TBI stock opened at $6.14 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.02. TrueBlue has a fifty-two week low of $6.05 and a fifty-two week high of $12.65. The firm’s 50-day simple moving average is $7.82 and its 200 day simple moving average is $7.73. The stock has a market cap of $182.26 million, a PE ratio of -1.47, a price-to-earnings-growth ratio of 3.01 and a beta of 1.42.

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

Hedge Funds Weigh In On TrueBlue

Large investors have recently bought and sold shares of the stock. Royce & Associates LP raised its position in TrueBlue by 40.8% during the fourth quarter. Royce & Associates LP now owns 1,523,193 shares of the business services provider’s stock valued at $12,795,000 after acquiring an additional 441,108 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of TrueBlue by 262.7% in the fourth quarter. Nuveen Asset Management LLC now owns 561,093 shares of the business services provider’s stock worth $4,713,000 after acquiring an additional 406,405 shares during the last quarter. RBF Capital LLC boosted its stake in TrueBlue by 852.8% during the fourth quarter. RBF Capital LLC now owns 381,136 shares of the business services provider’s stock worth $3,202,000 after buying an additional 341,136 shares in the last quarter. Advantage Alpha Capital Partners LP acquired a new stake in TrueBlue during the fourth quarter worth $1,980,000. Finally, FMR LLC boosted its stake in TrueBlue by 10.0% during the third quarter. FMR LLC now owns 1,742,474 shares of the business services provider’s stock worth $13,748,000 after buying an additional 158,967 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

About TrueBlue

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.