Strs Ohio Makes New $264,000 Investment in TrueBlue, Inc. $TBI

Strs Ohio acquired a new position in shares of TrueBlue, Inc. (NYSE:TBI) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 49,700 shares of the business services provider’s stock, valued at approximately $264,000. Strs Ohio owned approximately 0.17% of TrueBlue as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TBI. Bank of America Corp DE boosted its holdings in shares of TrueBlue by 143.0% in the fourth quarter. Bank of America Corp DE now owns 77,327 shares of the business services provider’s stock valued at $650,000 after acquiring an additional 45,509 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of TrueBlue by 262.7% during the fourth quarter. Nuveen Asset Management LLC now owns 561,093 shares of the business services provider’s stock valued at $4,713,000 after acquiring an additional 406,405 shares during the last quarter. Two Sigma Investments LP boosted its stake in TrueBlue by 20.3% in the 4th quarter. Two Sigma Investments LP now owns 99,527 shares of the business services provider’s stock worth $836,000 after buying an additional 16,769 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of TrueBlue by 8.7% in the 4th quarter. Two Sigma Advisers LP now owns 59,800 shares of the business services provider’s stock valued at $502,000 after purchasing an additional 4,800 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of TrueBlue by 217.2% in the 1st quarter. GAMMA Investing LLC now owns 8,135 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 5,570 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, BMO Capital Markets lifted their price objective 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, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $8.00.

TrueBlue Trading Down 0.3%

Shares of TBI stock opened at $6.34 on Thursday. TrueBlue, Inc. has a 1 year low of $3.45 and a 1 year 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. The stock has a fifty day moving average of $6.30 and a two-hundred day moving average of $5.82. The firm has a market capitalization of $189.57 million, a PE ratio of -5.51 and a beta of 1.54.

TrueBlue (NYSE:TBI) last posted its quarterly earnings data on Monday, August 4th. The business services provider reported ($0.07) 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 company had revenue of $396.30 million for the quarter, compared to the consensus estimate of $400.52 million. TrueBlue has set its Q3 2025 guidance at EPS. As a group, research analysts expect that TrueBlue, Inc. will post 0.15 EPS for the current year.

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.