TrueBlue (NYSE:TBI) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• TrueBlue shares crossed above their 200-day moving average, trading at $6.47 after reaching a high of $6.54, indicating potential upward momentum in the stock's performance.
• BMO Capital Markets raised TrueBlue's price target from $7.00 to $8.00, maintaining an "outperform" rating, highlighting positive sentiment from analysts.
• The company reported a loss of ($0.07) per share for the last quarter, exceeding analyst expectations, despite a revenue shortfall compared to estimates.

TrueBlue, Inc. (NYSE:TBI - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.81 and traded as high as $6.54. TrueBlue shares last traded at $6.47, with a volume of 155,841 shares changing hands.

Analyst Upgrades and Downgrades

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

TrueBlue Trading Up 0.4%

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 business has a 50 day moving average of $6.30 and a 200-day moving average of $5.82. The stock has a market cap of $192.71 million, a PE ratio of -5.60 and a beta of 1.54.

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

Institutional Trading of TrueBlue

Hedge funds have recently bought and sold shares of the company. Peapod Lane Capital LLC purchased a new position in shares of TrueBlue during the 1st quarter worth $1,385,000. GSA Capital Partners LLP lifted its holdings in shares of TrueBlue by 527.3% during the 1st quarter. GSA Capital Partners LLP now owns 287,625 shares of the business services provider's stock worth $1,527,000 after acquiring an additional 241,777 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of TrueBlue by 46.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 613,852 shares of the business services provider's stock worth $3,260,000 after acquiring an additional 194,155 shares during the last quarter. Bank of America Corp DE increased its position in TrueBlue by 143.0% during the fourth quarter. Bank of America Corp DE now owns 77,327 shares of the business services provider's stock worth $650,000 after purchasing an additional 45,509 shares during the last quarter. Finally, Pzena Investment Management LLC raised its stake in TrueBlue by 1.7% during the first quarter. Pzena Investment Management LLC now owns 2,835,167 shares of the business services provider's stock worth $15,055,000 after purchasing an additional 46,539 shares during the period. Institutional investors and hedge funds own 97.15% of the company's stock.

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.