LSV Asset Management held its position in shares of TrueBlue, Inc. (NYSE:TBI) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 58,300 shares of the business services provider’s stock at the end of the second quarter. LSV Asset Management owned approximately 0.14% of TrueBlue worth $1,544,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the stock. BlackRock Inc. grew its position in TrueBlue by 50,858.0% during the first quarter. BlackRock Inc. now owns 5,165,614 shares of the business services provider’s stock worth $141,280,000 after buying an additional 5,155,477 shares in the last quarter. Vanguard Group Inc. grew its position in TrueBlue by 8.5% during the first quarter. Vanguard Group Inc. now owns 3,892,823 shares of the business services provider’s stock worth $106,469,000 after buying an additional 305,994 shares in the last quarter. Alliancebernstein L.P. grew its position in TrueBlue by 41.1% during the first quarter. Alliancebernstein L.P. now owns 1,345,671 shares of the business services provider’s stock worth $36,804,000 after buying an additional 391,674 shares in the last quarter. JPMorgan Chase & Co. grew its position in TrueBlue by 1.1% during the second quarter. JPMorgan Chase & Co. now owns 1,096,981 shares of the business services provider’s stock worth $29,070,000 after buying an additional 11,785 shares in the last quarter. Finally, FMR LLC grew its position in TrueBlue by 32.5% during the first quarter. FMR LLC now owns 1,041,300 shares of the business services provider’s stock worth $28,480,000 after buying an additional 255,207 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

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A number of research firms have recently issued reports on TBI. TheStreet cut TrueBlue from a “b-” rating to a “c+” rating in a report on Friday, August 18th. Zacks Investment Research cut TrueBlue from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. BMO Capital Markets upgraded TrueBlue from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $25.00 to $28.00 in a report on Friday, May 26th. BidaskClub cut TrueBlue from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, ValuEngine cut TrueBlue from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.25.

In related news, EVP Wayne W. Larkin sold 10,000 shares of TrueBlue stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $20.38, for a total value of $203,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.00% of the company’s stock.

TrueBlue, Inc. (NYSE:TBI) opened at 21.40 on Friday. The stock has a market capitalization of $889.77 million, a PE ratio of 15.11 and a beta of 2.38. The stock has a 50 day moving average price of $20.57 and a 200-day moving average price of $25.13. TrueBlue, Inc. has a 12-month low of $16.50 and a 12-month high of $28.70.

TrueBlue (NYSE:TBI) last released its quarterly earnings results on Monday, July 31st. The business services provider reported $0.42 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. The company had revenue of $610.10 million during the quarter, compared to analyst estimates of $610.04 million. TrueBlue had a return on equity of 15.18% and a net margin of 2.27%. The firm’s revenue was down 9.3% on a year-over-year basis. During the same quarter last year, the business posted $0.54 earnings per share. On average, equities analysts anticipate that TrueBlue, Inc. will post $1.69 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for TrueBlue (NYSE:TBI)

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