TrueBlue Inc. (NYSE:TBI) saw unusually-high trading volume on Tuesday . Approximately 511,126 shares traded hands during mid-day trading, an increase of 58% from the previous session’s volume of 323,620 shares.The stock last traded at $20.26 and had previously closed at $20.71.

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

The company’s 50 day moving average price is $19.61 and its 200-day moving average price is $21.81. The stock has a market capitalization of $833.33 million and a P/E ratio of 11.66.

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

Other large investors recently made changes to their positions in the company. 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 worth $7,375,000 after buying an additional 11,985 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of TrueBlue by 24.0% in the fourth quarter. Wells Fargo & Company MN now owns 891,320 shares of the company’s stock worth $22,961,000 after buying an additional 172,553 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of TrueBlue by 28.4% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 220,321 shares of the company’s stock worth $5,675,000 after buying an additional 48,721 shares in the last quarter. Morgan Stanley boosted its stake in shares of TrueBlue by 57.3% in the fourth quarter. Morgan Stanley now owns 381,253 shares of the company’s stock worth $9,821,000 after buying an additional 138,946 shares in the last quarter. Finally, State of Wisconsin Investment Board boosted its stake in shares of 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.