Shares of TrueBlue Inc. (NYSE:TBI) were up 5% during trading on Friday . The company traded as high as $20.15 and last traded at $20.00, with a volume of 113,196 shares traded. The stock had previously closed at $19.05.

A number of analysts have recently commented on TBI shares. BMO Capital Markets cut shares of TrueBlue from a “market perform” rating to an “underperform” rating and set a $18.00 target price for the company. in a research note on Thursday, April 21st. Avondale Partners dropped their price objective on shares of TrueBlue from $31.00 to $25.00 and set a “market outperform” rating for the company in a research note on Thursday, April 21st. Robert W. Baird cut shares of TrueBlue from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $26.00 to $23.00 in a research note on Thursday, April 21st. Finally, Zacks Investment Research raised shares of TrueBlue from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. TrueBlue has an average rating of “Hold” and a consensus target price of $25.29.

The stock has a market cap of $822.64 million and a P/E ratio of 11.51. The firm’s 50-day moving average is $19.23 and its 200-day moving average is $22.13.

TrueBlue (NYSE:TBI) last released its earnings results on Wednesday, April 20th. The company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. During the same quarter last year, the business posted $0.20 EPS. The firm earned $646 million during the quarter, compared to analyst estimates of $666.14 million. The firm’s revenue was up 12.7% on a year-over-year basis. Equities research analysts predict that TrueBlue Inc. will post $2.02 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in TBI. Matarin Capital Management LLC purchased a new stake in TrueBlue during the fourth quarter valued at approximately $2,964,000. Jennison Associates LLC boosted its stake in shares of TrueBlue by 7.6% in the fourth quarter. Jennison Associates LLC now owns 1,103,614 shares of the company’s stock valued at $28,429,000 after buying an additional 78,092 shares during the period. US Bancorp DE boosted its stake in shares of TrueBlue by 5.3% in the fourth quarter. US Bancorp DE now owns 51,287 shares of the company’s stock valued at $1,320,000 after buying an additional 2,593 shares during the period. Royce & Associates LLC boosted its stake in shares of TrueBlue by 24.1% in the fourth quarter. Royce & Associates LLC now owns 1,126,139 shares of the company’s stock valued at $29,009,000 after buying an additional 218,561 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of TrueBlue by 4.4% in the fourth quarter. Principal Financial Group Inc. now owns 286,303 shares of the company’s stock valued at $7,375,000 after buying an additional 11,985 shares during the period.

TrueBlue, Inc (TrueBlue) is a provider of specialized workforce solutions. The Company is engaged in providing staffing, recruitment process outsourcing, and managed service provider solutions. The Company operates through two segments: Staffing Services and Managed Services. The Company offers on-premise temporary blue-collar staffing, and outsourced service offerings in recruitment process outsourcing (RPO) and management of contingent labor services providers (MSP) solutions.

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