TrueBlue (NYSE:TBI) Downgraded to Sell Rating by StockNews.com

TrueBlue (NYSE:TBI) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Saturday.

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

TrueBlue Price Performance

Shares of TBI opened at $6.37 on Friday. TrueBlue has a 52-week low of $6.05 and a 52-week high of $12.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.85 and a current ratio of 1.73. The business’s 50 day moving average price is $7.82 and its two-hundred day moving average price is $7.73. The firm has a market cap of $189.09 million, a PE ratio of -1.53, a price-to-earnings-growth ratio of 3.01 and a beta of 1.42.

TrueBlue (NYSE:TBI) last issued its earnings results 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. TrueBlue had a negative return on equity of 3.90% and a negative net margin of 8.02%. The company had revenue of $385.95 million for the quarter, compared to analyst estimates of $385.04 million. On average, equities analysts anticipate that TrueBlue will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Two Sigma Advisers LP grew its stake in TrueBlue by 8.7% in the 4th quarter. Two Sigma Advisers LP now owns 59,800 shares of the business services provider’s stock valued at $502,000 after purchasing an additional 4,800 shares during the period. Two Sigma Investments LP grew its stake in TrueBlue by 20.3% in the 4th quarter. Two Sigma Investments LP now owns 99,527 shares of the business services provider’s stock valued at $836,000 after purchasing an additional 16,769 shares during the period. State of Wyoming grew its stake in TrueBlue by 17.4% in the 4th quarter. State of Wyoming now owns 21,192 shares of the business services provider’s stock valued at $178,000 after purchasing an additional 3,134 shares during the period. Nuveen Asset Management LLC grew its stake in shares of TrueBlue by 262.7% during the 4th 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 period. Finally, Invenomic Capital Management LP grew its stake in shares of TrueBlue by 45.5% during the 4th quarter. Invenomic Capital Management LP now owns 341,383 shares of the business services provider’s stock worth $2,868,000 after acquiring an additional 106,736 shares during the period. 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.