Should You Buy TrueBlue, Inc. (NYSE:TBI) On Current Analyst Views?

Claudine Rigal
Июля 11, 2017

11/26/2014 - TrueBlue, Inc. was upgraded to " by analysts at Zacks. AQR Capital Management LLC now owns 422,716 shares of the business services provider's stock worth $11,561,000 after buying an additional 74,866 shares in the last quarter. Dimensional Fund Advisors LP owned approximately 5.05% of TrueBlue worth $56,557,000 at the end of the most recent reporting period. Vanguard Group Inc. now owns 3,892,823 shares of the business services provider's stock valued at $106,469,000 after buying an additional 305,994 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of TrueBlue by 10.3% in the fourth quarter.

The company's consensus rating on Reuter's scale remained unchanged from 2.29 to 2.29 during a month. JPMorgan Chase & Co. increased its stake in shares of TrueBlue by 114.6% in the first quarter. Zacks Investment Research raised shares of TrueBlue from a "hold" rating to a "buy" rating and set a $29.00 price objective for the company in a research note on Wednesday, April 12th. Spark Investment Management LLC bought a new position in TrueBlue during the first quarter worth approximately $784,000. "(TBI) Expected to Announce Quarterly Sales of $610.23 Million" was first posted by Transcript Daily and is the property of of Transcript Daily. 1,035 were accumulated by Pacad Investment Ltd. Wells Fargo And Mn holds 0% of its portfolio in Trueblue Inc (NYSE:TBI) for 28,244 shares. The firm owned 9,680 shares of the business services provider's stock after selling 110 shares during the period. 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 in the last quarter. Illinois-based Guggenheim Limited Liability Corp has invested 0.01% in Trueblue Inc (NYSE:TBI).

In related news, Director Joseph P. Sambataro, Jr. sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, June 2nd.

TrueBlue, Inc. has a 52-week low of $16.50 and a 52-week high of $28.70.

11/09/2016 - TrueBlue, Inc. was upgraded to " by analysts at Deutsche Bank. The business services provider reported $0.21 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.12 by $0.09. The business had revenue of $568.24 million for the quarter, compared to analysts' expectations of $569.85 million. TrueBlue had a positive return on equity of 16.30% and a negative net margin of 0.66%. The firm's revenue for the quarter was down 12.0% on a year-over-year basis. During the same quarter previous year, the company earned $0.27 EPS. On average, equities analysts predict that TrueBlue, Inc. will post $1.76 earnings per share for the current fiscal year. If you are accessing this news story on another site, it was illegally copied and republished in violation of USA & global copyright & trademark legislation.

COPYRIGHT VIOLATION WARNING: "TrueBlue, Inc". The correct version of this news story can be read at https://sportsperspectives.com/2017/07/10/trueblue-inc-tbi-shares-sold-by-clearbridge-investments-llc.html.

Several analysts recently issued reports on the stock.

Analysts reviewing TrueBlue, Inc. have recently updated their recommended buy/sell ratings and price targets on the stock.

According to the latest research reports released, 0 analysts have issued a rating of "buy", 0 analysts "outperform", 4 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. They now have a United States dollars 28 price target on the stock. Also, EVP James E. Defebaugh sold 5,000 shares of the stock in a transaction on Monday, May 8th. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The stock was sold at an average price of $27.75, for a total value of $555,000.00. Following the transaction, the chief financial officer now owns 91,859 shares in the company, valued at approximately $2,549,087.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,000 shares of company stock worth $2,479,200.

TrueBlue, Inc is a provider of specialized workforce solutions. The Firm is engaged in providing staffing, on-site workforce management and recruitment process outsourcing services. The Firm operates through three divisions: PeopleReady, PeopleManagement and PeopleScout. Its PeopleReady segment provides blue-collar contingent staffing through the PeopleReady service line.

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