Is Buying Trueblue Incorporated (NYSE:TBI) Here Good Idea?

February 20, 2018 - By Lynda A. Deweese

 Is Buying Trueblue Incorporated (NYSE:TBI) Here Good Idea?

Investors sentiment decreased to 1.43 in 2017 Q3. Its down 0.40, from 1.83 in 2017Q2. It dropped, as 20 investors sold TrueBlue, Inc. shares while 47 reduced holdings. 29 funds opened positions while 67 raised stakes. 37.18 million shares or 0.83% less from 37.49 million shares in 2017Q2 were reported.
Alliancebernstein Ltd Partnership owns 1.63M shares for 0.03% of their portfolio. 991 were accumulated by Pnc Financial Svcs Grp. Smith Asset Mgmt Group Inc Ltd Partnership holds 0% or 795 shares in its portfolio. Comerica Comml Bank holds 44,323 shares or 0.01% of its portfolio. Louisiana State Employees Retirement System holds 17,000 shares. Glenmede Trust Na has 0% invested in TrueBlue, Inc. (NYSE:TBI). James Invest Rech Inc holds 11,775 shares or 0.01% of its portfolio. Utd Svcs Automobile Association, a Texas-based fund reported 39,200 shares. Jacobs Levy Equity Mgmt Incorporated, New Jersey-based fund reported 169,515 shares. 113,137 were reported by Millennium Mgmt Lc. Invesco Ltd has 0% invested in TrueBlue, Inc. (NYSE:TBI). D E Shaw & Inc stated it has 0.01% of its portfolio in TrueBlue, Inc. (NYSE:TBI). Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in TrueBlue, Inc. (NYSE:TBI). Alpha Windward Ltd Liability holds 23,400 shares or 0.32% of its portfolio. Vanguard Gp accumulated 0.01% or 4.89M shares.

The stock of Trueblue Incorporated (NYSE:TBI) registered a decrease of 12.75% in short interest. TBI’s total short interest was 614,300 shares in February as published by FINRA. Its down 12.75% from 704,100 shares, reported previously. With 242,100 shares average volume, it will take short sellers 3 days to cover their TBI’s short positions. The short interest to Trueblue Incorporated’s float is 1.54%.

The stock increased 0.18% or $0.05 during the last trading session, reaching $28.5. About 122,660 shares traded. TrueBlue, Inc. (NYSE:TBI) has risen 44.92% since February 20, 2017 and is uptrending. It has outperformed by 28.22% the S&P500.

TrueBlue, Inc. provides contingent staffing, recruitment process outsourcing, and contingent staffing management services in the United States, Canada, and Puerto Rico. The company has market cap of $1.05 billion. It operates through three divisions: PeopleReady, PeopleManagement, and PeopleScout. It has a 21.27 P/E ratio. The PeopleReady segment offers a range of staffing solutions for blue-collar, contingent on-demand, and skilled labor in retail, manufacturing, warehousing, logistics, energy, construction, hospitality, and other industries under Labor Ready, CLP Resources, and Spartan Staffing brand names.

TrueBlue, Inc. (NYSE:TBI) Ratings Coverage

Among 5 analysts covering TrueBlue (NYSE:TBI), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. TrueBlue had 22 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Thursday, February 8 with “Market Perform”. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, July 11. The stock has “Neutral” rating by Robert W. Baird on Tuesday, October 31. BMO Capital Markets maintained it with “Hold” rating and $23.0 target in Friday, October 13 report. The stock has “Neutral” rating by Robert W. Baird on Thursday, April 21. As per Thursday, October 20, the company rating was maintained by Deutsche Bank. The company was maintained on Thursday, August 10 by BMO Capital Markets. The stock of TrueBlue, Inc. (NYSE:TBI) has “Neutral” rating given on Wednesday, January 13 by Bank of America. Avondale upgraded the shares of TBI in report on Monday, December 19 to “Mkt Perform” rating. Deutsche Bank initiated TrueBlue, Inc. (NYSE:TBI) on Thursday, August 18 with “Sell” rating.

More news for TrueBlue, Inc. (NYSE:TBI) were recently published by: Businesswire.com, which released: “TrueBlue Reports Executive Changes” on June 13, 2017. Streetinsider.com‘s article titled: “Form 4 TrueBlue, Inc. For: Feb 05 Filed by: Means Jonathan D.” and published on February 07, 2018 is yet another important article.

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