BMO Capital Markets Has Lowered Expectations for TrueBlue (NYSE:TBI) Stock Price

TrueBlue (NYSE:TBI) had its target price decreased by BMO Capital Markets from $8.00 to $6.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 8.28% from the company’s current price.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of TrueBlue in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, TrueBlue presently has a consensus rating of “Hold” and an average target price of $6.00.

TrueBlue Price Performance

NYSE:TBI opened at $5.54 on Wednesday. The company has a 50-day moving average of $5.82 and a 200-day moving average of $5.94. The company has a market capitalization of $165.68 million, a price-to-earnings ratio of -4.82 and a beta of 1.55. TrueBlue has a 52 week low of $3.45 and a 52 week high of $9.05. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.94 and a current ratio of 1.94.

TrueBlue (NYSE:TBI) last released its quarterly earnings data on Monday, November 3rd. The business services provider reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.12. The company had revenue of $431.27 million during the quarter, compared to the consensus estimate of $409.01 million. TrueBlue had a negative net margin of 2.21% and a negative return on equity of 5.74%. TrueBlue has set its Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that TrueBlue will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TrueBlue

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pzena Investment Management LLC increased its position in TrueBlue by 3.0% in the 2nd quarter. Pzena Investment Management LLC now owns 2,919,252 shares of the business services provider’s stock valued at $18,917,000 after acquiring an additional 84,085 shares in the last quarter. Invesco Ltd. grew its position in shares of TrueBlue by 2.3% during the 1st quarter. Invesco Ltd. now owns 2,080,030 shares of the business services provider’s stock worth $11,045,000 after buying an additional 47,089 shares during the period. Royce & Associates LP grew its position in shares of TrueBlue by 23.5% during the 1st quarter. Royce & Associates LP now owns 1,880,732 shares of the business services provider’s stock worth $9,987,000 after buying an additional 357,539 shares during the period. Azarias Capital Management L.P. grew its position in shares of 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 buying an additional 84,592 shares during the period. Finally, Boston Partners grew its position in shares of TrueBlue by 1,796.8% during the 2nd quarter. Boston Partners now owns 777,281 shares of the business services provider’s stock worth $5,036,000 after buying an additional 736,303 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.