TrueBlue's (TBI) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• TrueBlue's stock has been given a “sell (D-)” rating by Weiss Ratings, reflecting concerns about the company's performance.
• BMO Capital Markets has raised their target price for TrueBlue from $7.00 to $8.00, currently holding an "outperform" rating for the stock.
• TrueBlue reported earnings per share of ($0.07) for the last quarter, surpassing expectations but falling short on revenue with $396.30 million reported against a forecast of $400.52 million.

TrueBlue (NYSE:TBI - Get Free Report)'s stock had its "sell (d-)" rating restated by research analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Separately, BMO Capital Markets boosted their target price on TrueBlue from $7.00 to $8.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $8.00.

TrueBlue Stock Up 2.9%

TBI opened at $5.93 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.94 and a quick ratio of 1.94. The stock has a market capitalization of $177.16 million, a price-to-earnings ratio of -5.15 and a beta of 1.54. The business has a 50-day moving average of $5.94 and a two-hundred day moving average of $5.87. TrueBlue 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 earnings results on Monday, August 4th. The business services provider reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.31) by $0.24. TrueBlue had a negative return on equity of 5.74% and a negative net margin of 2.21%.The business had revenue of $396.30 million during the quarter, compared to analysts' expectations of $400.52 million. TrueBlue has set its Q3 2025 guidance at EPS. On average, research analysts expect that TrueBlue will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On TrueBlue

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Azarias Capital Management L.P. lifted its position in TrueBlue by 9.4% during the 3rd quarter. Azarias Capital Management L.P. now owns 983,711 shares of the business services provider's stock worth $6,030,000 after acquiring an additional 84,592 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in TrueBlue during the 2nd quarter worth approximately $808,000. Bank of America Corp DE lifted its position in TrueBlue by 162.4% during the 2nd quarter. Bank of America Corp DE now owns 210,371 shares of the business services provider's stock worth $1,363,000 after acquiring an additional 130,201 shares in the last quarter. Ameriprise Financial Inc. lifted its position in TrueBlue by 38.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 330,049 shares of the business services provider's stock worth $2,139,000 after acquiring an additional 91,829 shares in the last quarter. Finally, Occudo Quantitative Strategies LP lifted its position in TrueBlue by 20.9% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 26,710 shares of the business services provider's stock worth $173,000 after acquiring an additional 4,618 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

TrueBlue Company 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.

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