TrueBlue, Inc. (NYSE:TBI) has been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is $23.00.

A number of equities research analysts have commented on TBI shares. BMO Capital Markets reissued a “sell” rating and set a $20.00 price objective on shares of TrueBlue in a report on Wednesday, April 5th. Zacks Investment Research raised shares of TrueBlue from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Wednesday, April 12th. Finally, BidaskClub lowered shares of TrueBlue from a “buy” rating to a “hold” rating in a report on Tuesday.

In related news, CEO Steven C. Cooper sold 40,000 shares of TrueBlue stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $27.03, for a total transaction of $1,081,200.00. Following the transaction, the chief executive officer now owns 218,171 shares of the company’s stock, valued at approximately $5,897,162.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James E. Defebaugh sold 5,000 shares of TrueBlue stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $27.00, for a total transaction of $135,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 90,000 shares of company stock worth $2,479,200 in the last three months. 2.00% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue increased its stake in shares of TrueBlue by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 4,660 shares of the business services provider’s stock valued at $127,000 after buying an additional 60 shares during the period. Nordea Investment Management AB bought a new stake in shares of TrueBlue during the first quarter valued at approximately $170,000. 1st Global Advisors Inc. increased its stake in shares of TrueBlue by 1.4% in the first quarter. 1st Global Advisors Inc. now owns 8,754 shares of the business services provider’s stock valued at $239,000 after buying an additional 120 shares during the period. Schroder Investment Management Group bought a new stake in shares of TrueBlue during the first quarter valued at approximately $251,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of TrueBlue by 10.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,470 shares of the business services provider’s stock valued at $258,000 after buying an additional 978 shares during the period. Hedge funds and other institutional investors own 90.82% of the company’s stock.

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TrueBlue (NYSE:TBI) traded up 0.94% on Tuesday, reaching $26.95. 103,833 shares of the company’s stock were exchanged. TrueBlue has a 12 month low of $16.50 and a 12 month high of $28.70. The firm has a 50-day moving average of $26.73 and a 200-day moving average of $26.20. The firm’s market capitalization is $1.12 billion.

TrueBlue (NYSE:TBI) last announced its earnings results on Monday, May 1st. The business services provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.09. The business had revenue of $568.24 million during the quarter, compared to analysts’ expectations of $569.85 million. TrueBlue had a negative net margin of 0.66% and a positive return on equity of 16.30%. The firm’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same quarter last year, the company posted $0.27 EPS. On average, equities analysts expect that TrueBlue will post $1.76 earnings per share for the current year.

TrueBlue Company Profile

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.

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