NYSE:TBI TrueBlue (TBI) Stock Forecast, Price & News $17.94 -0.32 (-1.75%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$17.80▼$18.1450-Day Range$14.98▼$18.5352-Week Range$14.20▼$22.75Volume242,985 shsAverage Volume204,654 shsMarket Capitalization$556.50 millionP/E Ratio12.55Dividend YieldN/APrice Target$20.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media TrueBlue MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside11.7% Upside$20.00 Price TargetShort InterestHealthy1.96% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$75,000 Bought Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.91 out of 5 starsBusiness Services Sector282nd out of 330 stocksHelp Supply Services Industry16th out of 17 stocks 2.5 Analyst's Opinion Consensus RatingTrueBlue has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $20.00, TrueBlue has a forecasted upside of 11.7% from its current price of $17.90.Amount of Analyst CoverageTrueBlue has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.96% of the float of TrueBlue has been sold short.Short Interest Ratio / Days to CoverTrueBlue has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in TrueBlue has recently increased by 21.19%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldTrueBlue does not currently pay a dividend.Dividend GrowthTrueBlue does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TBI. Previous Next 0.9 News and Social Media Coverage News SentimentTrueBlue has a news sentiment score of -0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 1 news article for TrueBlue this week, compared to 3 articles on an average week. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, TrueBlue insiders have bought 119.17% more of their company's stock than they have sold. Specifically, they have bought $75,000.00 in company stock and sold $34,220.00 in company stock.Percentage Held by InsidersOnly 4.00% of the stock of TrueBlue is held by insiders.Percentage Held by Institutions96.65% of the stock of TrueBlue is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of TrueBlue is 12.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.77.Price to Earnings Ratio vs. SectorThe P/E ratio of TrueBlue is 12.52, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 243.07.Price to Book Value per Share RatioTrueBlue has a P/B Ratio of 1.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About TrueBlue (NYSE:TBI) StockTrueBlue, Inc. engages in the provision of staffing, recruitment process outsourcing and managed service provider solutions. It operates through the following segments: PeopleReady, PeopleManagement and PeopleScout. The PeopleReady segment offers staffing solutions for blue-collar, contingent on-demand and skilled labor to a broad range of industries that include retail, manufacturing, warehousing, logistics, energy, construction, hospitality and others. The PeopleManagement segment supplies contingent labor and outsourced industrial workforce solutions. The PeopleScout segment covers the provision of permanent employee recruitment process outsourcing for its customers for all major industries and jobs. The company was founded by John Ross Coghlan and Glenn Welstad in 1989 and is headquartered in Tacoma, WA.Read More Receive TBI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for TrueBlue and its competitors with MarketBeat's FREE daily newsletter. Email Address TBI Stock News HeadlinesJune 1, 2023 | americanbankingnews.comKristy A. Fitzsimmons-Willis Sells 2,000 Shares of TrueBlue, Inc. (NYSE:TBI) StockMay 29, 2023 | americanbankingnews.comTrueBlue (NYSE:TBI) Lifted to "Buy" at StockNews.comJune 9, 2023 | Vector Vest (Ad)Master the Market: Free Stock Analysis + Buy/Sell/Hold Signals!Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation. May 28, 2023 | americanbankingnews.comTrueBlue (NYSE:TBI) Rating Increased to Buy at StockNews.comMay 27, 2023 | finance.yahoo.comTrueBlue, Inc. (TBI) Stock Historical Prices & Data - Yahoo FinanceMay 26, 2023 | finance.yahoo.comPeopleReady Revs Up Staffing for Indy500May 24, 2023 | finance.yahoo.comAs Skilled Labor Scarcity Continues, PeopleReady Skilled Trades Supports and Celebrates Careers in the TradesMay 22, 2023 | finance.yahoo.comTrueBlue (NYSE:TBI) shareholders have endured a 38% loss from investing in the stock five years agoJune 9, 2023 | Vector Vest (Ad)Master the Market: Free Stock Analysis + Buy/Sell/Hold Signals!Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation. May 22, 2023 | finance.yahoo.comTrueBlue's Anthony Brew Named Among the Most Influential Figures in Staffing Industry's DEI LandscapeMay 22, 2023 | americanbankingnews.comTrueBlue (NYSE:TBI) Stock Rating Upgraded by BMO Capital MarketsMay 17, 2023 | finance.yahoo.comTrueBlue Earns Dual Platinum Wins for Professional Services and DE&I Achievements in 2023 TITAN Business AwardsMay 16, 2023 | finanznachrichten.deFinancialBuzz.com: Technology Boosts the Capabilities of Talent Acquisition ServicesMay 16, 2023 | finance.yahoo.comPeopleReady Named One of America's Best Temporary Staffing Firms by ForbesMay 15, 2023 | finance.yahoo.comTrueBlue Named to Forbes' List of America's Best Employers for Diversity 2023May 5, 2023 | americanbankingnews.comInsider Buying: TrueBlue, Inc. (NYSE:TBI) EVP Acquires 4,944 Shares of StockMay 4, 2023 | americanbankingnews.comTrueBlue (NYSE:TBI) Lowered to Hold at StockNews.comApril 26, 2023 | americanbankingnews.comTrueBlue (NYSE:TBI) PT Lowered to $18.00 at BMO Capital MarketsApril 25, 2023 | finance.yahoo.comQ1 2023 TrueBlue Inc Earnings CallApril 25, 2023 | americanbankingnews.comRobert W. Baird Cuts TrueBlue (NYSE:TBI) Price Target to $20.00April 24, 2023 | seekingalpha.comTrueBlue, Inc. 2023 Q1 - Results - Earnings Call PresentationApril 24, 2023 | finance.yahoo.comTrueBlue Reports First Quarter 2023 ResultsApril 22, 2023 | msn.comEarnings Preview: TrueBlueApril 22, 2023 | americanbankingnews.comTrueBlue (NYSE:TBI) Downgraded to "Hold" at StockNews.comApril 22, 2023 | americanbankingnews.comTrueBlue (TBI) Scheduled to Post Quarterly Earnings on MondayApril 20, 2023 | finance.yahoo.comPeopleScout Named a Leader in All Categories in NelsonHall's 2023 NEAT Vendor Evaluation for RPO and Total TalentApril 17, 2023 | finance.yahoo.comStaff Management | SMX Celebrates 35th AnniversarySee More Headlines TBI Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TBI Company Calendar Last Earnings4/24/2023Today6/09/2023Next Earnings (Estimated)7/24/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Help supply services Sub-IndustryHuman Resource & Employment Services SectorBusiness Services Current SymbolNYSE:TBI CUSIP89785X10 CIK768899 Webwww.trueblue.com Phone(253) 383-9101Fax877-733-0399Employees6,500Year FoundedN/APrice Target and Rating Average Stock Price Forecast$20.00 High Stock Price Forecast$20.00 Low Stock Price Forecast$20.00 Forecasted Upside/Downside+11.5%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$1.43 Trailing P/E Ratio12.55 Forward P/E RatioN/A P/E GrowthN/ANet Income$62.27 million Net Margins2.19% Pretax Margin2.58% Return on Equity13.39% Return on Assets6.50% Debt Debt-to-Equity RatioN/A Current Ratio1.85 Quick Ratio1.85 Sales & Book Value Annual Sales$2.25 billion Price / Sales0.25 Cash Flow$3.27 per share Price / Cash Flow5.48 Book Value$15.17 per share Price / Book1.18Miscellaneous Outstanding Shares31,020,000Free Float29,782,000Market Cap$556.50 million OptionableOptionable Beta1.44 Key ExecutivesSteven C. CooperChief Executive Officer & DirectorTaryn R. OwenPresident & Chief Operating OfficerDerrek L. GaffordChief Financial Officer & Executive Vice PresidentJeffrey S. DirksChief Information & Technology OfficerGarrett R. FerenczExecutive Vice President & General CounselKey CompetitorsBarrett Business ServicesNASDAQ:BBSIKelly ServicesNASDAQ:KELYAKforceNASDAQ:KFRCHireQuestNASDAQ:HQIHeadHunter GroupNASDAQ:HHRView All CompetitorsInsiders & InstitutionsKristy A Fitzsimmons-WillisSold 2,000 sharesTotal: $34,220.00 ($17.11/share)Ameriprise Financial Inc.Bought 21,525 shares on 5/22/2023Ownership: 1.641%JPMorgan Chase & Co.Sold 422,594 shares on 5/18/2023Ownership: 0.984%New York State Common Retirement FundSold 17,158 shares on 5/18/2023Ownership: 0.117%Thrivent Financial for LutheransSold 1,136 shares on 5/17/2023Ownership: 0.105%View All Insider TransactionsView All Institutional Transactions TBI Stock - Frequently Asked Questions Should I buy or sell TrueBlue stock right now? 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TrueBlue in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" TBI shares. View TBI analyst ratings or view top-rated stocks. What is TrueBlue's stock price forecast for 2023? 1 brokers have issued 12-month price targets for TrueBlue's shares. Their TBI share price forecasts range from $20.00 to $20.00. On average, they predict the company's stock price to reach $20.00 in the next year. This suggests a possible upside of 11.5% from the stock's current price. View analysts price targets for TBI or view top-rated stocks among Wall Street analysts. How have TBI shares performed in 2023? TrueBlue's stock was trading at $19.58 on January 1st, 2023. Since then, TBI shares have decreased by 8.4% and is now trading at $17.94. View the best growth stocks for 2023 here. Are investors shorting TrueBlue? TrueBlue saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 581,700 shares, an increase of 21.2% from the April 30th total of 480,000 shares. Based on an average daily volume of 229,500 shares, the short-interest ratio is presently 2.5 days. Approximately 2.0% of the shares of the stock are sold short. View TrueBlue's Short Interest. When is TrueBlue's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023. View our TBI earnings forecast. How were TrueBlue's earnings last quarter? TrueBlue, Inc. (NYSE:TBI) released its quarterly earnings results on Monday, April, 24th. The business services provider reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.05. The business services provider earned $465.29 million during the quarter, compared to analyst estimates of $465.30 million. TrueBlue had a trailing twelve-month return on equity of 13.39% and a net margin of 2.19%. The company's quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 earnings per share. What ETFs hold TrueBlue's stock? ETFs with the largest weight of TrueBlue (NYSE:TBI) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap Industrials ETF (PSCI), Strategas Global Policy Opportunities ETF (SAGP) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).Inspire Small/Mid Cap ETF (ISMD) and What guidance has TrueBlue issued on next quarter's earnings? TrueBlue updated its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $487.00 million-$512.00 million, compared to the consensus revenue estimate of $488.95 million. What is Patrick Beharelle's approval rating as TrueBlue's CEO? 34 employees have rated TrueBlue Chief Executive Officer Patrick Beharelle on Glassdoor.com. Patrick Beharelle has an approval rating of 56% among the company's employees. This puts Patrick Beharelle in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of TrueBlue own? Based on aggregate information from My MarketBeat watchlists, some companies that other TrueBlue investors own include International Business Machines (IBM), Intel (INTC), NVIDIA (NVDA), Vertex Pharmaceuticals (VRTX), Gilead Sciences (GILD), The Goldman Sachs Group (GS), AT&T (T), Zynga (ZNGA), AbbVie (ABBV) and Amgen (AMGN). What is TrueBlue's stock symbol? TrueBlue trades on the New York Stock Exchange (NYSE) under the ticker symbol "TBI." Who are TrueBlue's major shareholders? TrueBlue's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.96%), Pzena Investment Management LLC (8.30%), Hotchkis & Wiley Capital Management LLC (8.09%), Dimensional Fund Advisors LP (7.91%), State Street Corp (4.20%) and Charles Schwab Investment Management Inc. (2.44%). Insiders that own company stock include A Patrick Beharelle, Carl Schweihs, Colleen B Brown, Derrek Lane Gafford, Garrett Ferencz, Kristy A Fitzsimmons-Willis, Richard Christensen, Steven C Cooper, Taryn R Owen and William C Goings. View institutional ownership trends. How do I buy shares of TrueBlue? Shares of TBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is TrueBlue's stock price today? One share of TBI stock can currently be purchased for approximately $17.94. How much money does TrueBlue make? TrueBlue (NYSE:TBI) has a market capitalization of $556.50 million and generates $2.25 billion in revenue each year. The business services provider earns $62.27 million in net income (profit) each year or $1.43 on an earnings per share basis. How many employees does TrueBlue have? The company employs 6,500 workers across the globe. How can I contact TrueBlue? TrueBlue's mailing address is 1015 A STREET, TACOMA WA, 98402. The official website for the company is www.trueblue.com. The business services provider can be reached via phone at (253) 383-9101, via email at investorrelations@trueblueinc.com, or via fax at 877-733-0399. This page (NYSE:TBI) was last updated on 6/9/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding TrueBlue, Inc. 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