BMO Capital Markets restated their hold rating on shares of TrueBlue, Inc. (NYSE:TBI) in a research note issued to investors on Friday. The firm currently has a $23.00 price target on the business services provider’s stock.

Other equities research analysts also recently issued reports about the stock. BidaskClub downgraded shares of TrueBlue from a hold rating to a sell rating in a research note on Thursday, August 3rd. Zacks Investment Research downgraded shares of TrueBlue from a hold rating to a sell rating in a research note on Thursday, August 3rd. TheStreet upgraded shares of TrueBlue from a c rating to a b rating in a research note on Monday, July 31st. Robert W. Baird reiterated a hold rating and set a $25.00 price objective on shares of TrueBlue in a research note on Friday, October 6th. Finally, ValuEngine downgraded shares of TrueBlue from a buy rating to a hold rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. TrueBlue has a consensus rating of Hold and a consensus target price of $20.25.

Shares of TrueBlue (TBI) opened at 23.65 on Friday. The firm’s 50-day moving average is $21.76 and its 200-day moving average is $24.60. The firm has a market capitalization of $983.32 million, a price-to-earnings ratio of 16.70 and a beta of 2.40. TrueBlue has a 12-month low of $16.50 and a 12-month high of $28.70.

TrueBlue (NYSE:TBI) last released its quarterly earnings data on Monday, July 31st. The business services provider reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. TrueBlue had a net margin of 2.27% and a return on equity of 15.18%. The company had revenue of $610.10 million during the quarter, compared to the consensus estimate of $610.04 million. During the same period in the previous year, the firm earned $0.54 earnings per share. TrueBlue’s revenue for the quarter was down 9.3% on a year-over-year basis. Equities research analysts forecast that TrueBlue will post $1.69 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The original version of this story can be viewed at https://www.watchlistnews.com/bmo-capital-markets-reaffirms-hold-rating-for-trueblue-inc-tbi/1633828.html.

In other news, EVP Wayne W. Larkin sold 10,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $20.38, for a total value of $203,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of TrueBlue by 50,858.0% in the first quarter. BlackRock Inc. now owns 5,165,614 shares of the business services provider’s stock valued at $141,280,000 after purchasing an additional 5,155,477 shares during the period. Vanguard Group Inc. boosted its stake in shares of TrueBlue by 16.1% in the second quarter. Vanguard Group Inc. now owns 4,519,856 shares of the business services provider’s stock valued at $119,777,000 after purchasing an additional 627,033 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of TrueBlue by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,092,140 shares of the business services provider’s stock valued at $55,441,000 after purchasing an additional 24,233 shares during the period. Alliancebernstein L.P. boosted its stake in shares of TrueBlue by 2.6% in the second quarter. Alliancebernstein L.P. now owns 1,380,711 shares of the business services provider’s stock valued at $36,589,000 after purchasing an additional 35,040 shares during the period. Finally, FMR LLC boosted its stake in shares of TrueBlue by 16.1% in the second quarter. FMR LLC now owns 1,209,465 shares of the business services provider’s stock valued at $32,051,000 after purchasing an additional 168,165 shares during the period. Institutional investors and hedge funds own 89.82% of the company’s stock.

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.

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 Analyst Ratings Network's FREE daily email newsletter.