TrueBlue, Inc. $TBI Position Lowered by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in TrueBlue, Inc. by 23.4% in the first quarter, selling 91,310 shares and holding now 299,155 shares valued at approximately $1,589,000.
• BMO Capital Markets increased its price target for TrueBlue from $7.00 to $8.00, giving the stock an "outperform" rating, while analysts generally maintain a "Buy" rating.
• TrueBlue reported earnings of -$0.07 per share for the last quarter, beating expectations but generating revenue that was slightly below analyst forecasts, at $396.30 million.

Jacobs Levy Equity Management Inc. reduced its stake in TrueBlue, Inc. (NYSE:TBI - Free Report) by 23.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 299,155 shares of the business services provider's stock after selling 91,310 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.00% of TrueBlue worth $1,589,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Peapod Lane Capital LLC acquired a new stake in TrueBlue in the 1st quarter valued at $1,385,000. GSA Capital Partners LLP boosted its position in TrueBlue by 527.3% in the 1st quarter. GSA Capital Partners LLP now owns 287,625 shares of the business services provider's stock valued at $1,527,000 after buying an additional 241,777 shares during the last quarter. Bank of America Corp DE boosted its position in TrueBlue by 143.0% in the 4th quarter. Bank of America Corp DE now owns 77,327 shares of the business services provider's stock valued at $650,000 after buying an additional 45,509 shares during the last quarter. Pzena Investment Management LLC boosted its position in TrueBlue by 1.7% in the 1st quarter. Pzena Investment Management LLC now owns 2,835,167 shares of the business services provider's stock valued at $15,055,000 after buying an additional 46,539 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in TrueBlue by 46.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 613,852 shares of the business services provider's stock valued at $3,260,000 after buying an additional 194,155 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

TrueBlue Stock Up 1.3%

NYSE:TBI traded up $0.07 on Friday, reaching $5.95. The stock had a trading volume of 146,716 shares, compared to its average volume of 122,518. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $6.32 and a 200 day moving average of $5.80. The stock has a market cap of $178.02 million, a P/E ratio of -5.18 and a beta of 1.54. TrueBlue, Inc. has a 12-month low of $3.45 and a 12-month high of $9.05.

TrueBlue (NYSE:TBI - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The business services provider reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.24. TrueBlue had a negative net margin of 2.21% and a negative return on equity of 5.74%. The business had revenue of $396.30 million for the quarter, compared to analysts' expectations of $400.52 million. TrueBlue has set its Q3 2025 guidance at EPS. On average, research analysts predict that TrueBlue, Inc. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets upped their price objective on shares of TrueBlue from $7.00 to $8.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $8.00.

About TrueBlue

TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The company PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and renewable energy industries.