Charles Schwab Investment Management Inc. Increases Stake in TrueBlue, Inc. $TBI

Key Points

• Charles Schwab Investment Management Inc. increased its stake in TrueBlue, Inc. by 46.3%, owning 613,852 shares worth approximately $3.26 million as of the latest SEC filing.
• BMO Capital Markets raised its price target for TrueBlue from $7.00 to $8.00, reflecting confidence in the stock's performance with a consensus rating of "Buy."
• TrueBlue's shares currently trade at $5.98, with recent earnings showing a negative EPS of ($0.07), but outperforming estimates by $0.24.

Charles Schwab Investment Management Inc. raised its position in TrueBlue, Inc. (NYSE:TBI - Free Report) by 46.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 613,852 shares of the business services provider's stock after purchasing an additional 194,155 shares during the quarter. Charles Schwab Investment Management Inc. owned about 2.06% of TrueBlue worth $3,260,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TBI. Pacific Ridge Capital Partners LLC raised its position in shares of TrueBlue by 40.4% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 51,189 shares of the business services provider's stock valued at $272,000 after buying an additional 14,718 shares during the period. XTX Topco Ltd acquired a new stake in TrueBlue during the first quarter worth $86,000. GSA Capital Partners LLP raised its position in TrueBlue by 527.3% in the first quarter. GSA Capital Partners LLP now owns 287,625 shares of the business services provider's stock valued at $1,527,000 after purchasing an additional 241,777 shares during the period. Royce & Associates LP lifted its stake in shares of TrueBlue by 23.5% in the 1st quarter. Royce & Associates LP now owns 1,880,732 shares of the business services provider's stock valued at $9,987,000 after purchasing an additional 357,539 shares during the last quarter. Finally, AE Wealth Management LLC lifted its stake in shares of TrueBlue by 55.2% in the 1st quarter. AE Wealth Management LLC now owns 19,616 shares of the business services provider's stock valued at $104,000 after purchasing an additional 6,973 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company's stock.

TrueBlue Trading Down 3.3%

NYSE TBI traded down $0.20 during trading on Wednesday, hitting $5.76. The stock had a trading volume of 25,351 shares, compared to its average volume of 241,590. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $172.34 million, a PE ratio of -5.01 and a beta of 1.54. The firm has a 50 day moving average price of $6.45 and a 200 day moving average price of $5.85. TrueBlue, Inc. has a twelve month low of $3.45 and a twelve 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) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.24. The business had revenue of $396.30 million for the quarter, compared to analysts' expectations of $400.52 million. TrueBlue had a negative net margin of 2.21% and a negative return on equity of 5.74%. TrueBlue has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that TrueBlue, Inc. will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

TrueBlue Profile

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.