TrueBlue Inc (NYSE: TBI) is -48.04% lower on its value in year-to-date trading and has touched a low of $7.30 and a high of $16.14 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TBI stock was last observed hovering at around $8.11 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $7.97, the stock is -2.46% and -17.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.19 million and changing -1.73% at the moment leaves the stock -32.63% off its SMA200. TBI registered -48.15% loss for a year compared to 6-month loss of -32.63%.
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The stock witnessed a -30.82% gain in the last 1 month and extending the period to 3 months gives it a -26.20%, and is -0.87% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.46% over the week and 4.80% over the month.
TrueBlue Inc (TBI) has around 5000 employees, a market worth around $237.75M and $1.76B in sales. Fwd P/E is 25.50. Profit margin for the company is -6.18%. Distance from 52-week low is 9.18% and -50.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-28.11%).
The EPS is expected to shrink by -278.57% this year.
TrueBlue Inc (TBI) Top Institutional Holders
178.0 institutions hold shares in TrueBlue Inc (TBI), with institutional investors hold 104.71% of the company’s shares. The shares outstanding are 31.25M, and float is at 28.59M with Short Float at 4.06%. Institutions hold 99.81% of the Float.
The top institutional shareholder in the company is PZENA INVESTMENT MANAGEMENT LLC with over 2.87 million shares valued at $29.57 million. The investor’s holdings represent 9.2299% of the TBI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.37 million shares valued at $$24.41 million to account for 7.6212 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.08 million shares representing 6.6978% and valued at over $21.46 million, while DIMENSIONAL FUND ADVISORS LP holds 5.7964 of the shares totaling 1.8 million with a market value of $18.57 million.
TrueBlue Inc (TBI) Insider Activity
The most recent transaction is an insider purchase by Jones Kim Harris,the company’sDirector. SEC filings show that Jones Kim Harris bought 2,000 shares of the company’s common stock on Nov 06 ’23 at a price of $12.62 per share for a total of $25240.0. Following the purchase, the insider now owns 41798.0 shares.
TrueBlue Inc disclosed in a document filed with the SEC on Nov 06 ’23 that Lontoh Sonita (Director) bought a total of 8,000 shares of the company’s common stock. The trade occurred on Nov 06 ’23 and was made at $12.67 per share for $0.1 million. Following the transaction, the insider now directly holds 20674.0 shares of the TBI stock.
Still, SEC filings show that on Oct 31 ’23, Kreidler Robert C. (Director) acquired 10,000 shares at an average price of $11.07 for $0.11 million. The insider now directly holds 31,136 shares of TrueBlue Inc (TBI).
