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

A number of research analysts recently weighed in on TBI shares. Zacks Investment Research lowered TrueBlue from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 12th. Robert W. Baird lowered TrueBlue from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $26.00 to $23.00 in a report on Thursday, April 21st. Avondale Partners decreased their target price on TrueBlue from $31.00 to $25.00 and set a “market outperform” rating on the stock in a report on Thursday, April 21st. Finally, BMO Capital Markets lowered TrueBlue from a “market perform” rating to an “underperform” rating and set a $18.00 target price on the stock. in a report on Thursday, April 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.29.

The company’s 50-day moving average price is $19.29 and its 200 day moving average price is $22.09. The stock has a market cap of $822.64 million and a PE ratio of 11.51.

TrueBlue (NYSE:TBI) last posted its earnings results on Wednesday, April 20th. The company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01. During the same quarter in the prior year, the business earned $0.20 EPS. The company earned $646 million during the quarter, compared to the consensus estimate of $666.14 million. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, equities research analysts predict that TrueBlue Inc. will post $2.02 earnings per share for the current year.

Other hedge funds and institutional investors recently bought and sold shares of the company. Comerica Bank raised its position in TrueBlue by 1.5% in the fourth quarter. Comerica Bank now owns 43,986 shares of the company’s stock worth $1,032,000 after buying an additional 638 shares in the last quarter. California State Teachers Retirement System raised its position in TrueBlue by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 77,675 shares of the company’s stock worth $2,001,000 after buying an additional 1,175 shares in the last quarter. American Century Companies Inc. raised its position in TrueBlue by 0.8% in the fourth quarter. American Century Companies Inc. now owns 157,332 shares of the company’s stock worth $4,053,000 after buying an additional 1,178 shares in the last quarter. US Bancorp DE raised its position in TrueBlue by 5.3% in the fourth quarter. US Bancorp DE now owns 51,287 shares of the company’s stock worth $1,320,000 after buying an additional 2,593 shares in the last quarter. Finally, State of Wisconsin Investment Board raised its position in TrueBlue by 0.9% in the fourth quarter. State of Wisconsin Investment Board now owns 380,737 shares of the company’s stock worth $9,808,000 after buying an additional 3,371 shares in the last quarter.

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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