TrueBlue Declares Dividend Amid Acquisition Defense

Trueblue ( (TBI) ) has provided an update.

On May 14, 2025, TrueBlue’s Board of Directors declared a dividend of one preferred stock purchase right for each share of common stock, effective May 28, 2025. This move, part of a limited duration shareholder rights agreement, aims to protect shareholder interests against an unsolicited acquisition proposal from HireQuest, Inc. The agreement is designed to prevent any entity from gaining control of TrueBlue without paying a control premium or allowing the Board to make informed decisions, thus safeguarding the company’s and shareholders’ best interests.

The most recent analyst rating on (TBI) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Trueblue stock, see the TBI Stock Forecast page.

Spark’s Take on TBI Stock

According to Spark, TipRanks’ AI Analyst, TBI is a Neutral.

Trueblue’s overall stock score reflects significant financial and technical challenges, as evidenced by declining revenues and bearish market indicators. While strategic initiatives and cost management offer some optimism, the substantial revenue declines and net losses pose substantial risks. The unattractive valuation further weighs down the stock’s appeal.

To see Spark’s full report on TBI stock, click here.

More about Trueblue

TrueBlue (NYSE: TBI) is a leading provider of specialized workforce solutions, transforming how organizations connect with talent. Known as The People Company®, TrueBlue focuses on connecting job seekers with meaningful opportunities and delivering scalable workforce solutions across various industries worldwide. Its brands, including PeopleReady, PeopleScout, and Staff Management | SMX, offer flexible staffing, workforce management, and recruitment solutions.

Average Trading Volume: 331,452

Technical Sentiment Signal: Sell

Current Market Cap: $138.9M

For an in-depth examination of TBI stock, go to TipRanks’ Stock Analysis page.