Resources Connection, Inc. (RECN) At $15.75 Forms Top; Rodgers Brothers Has Cut Its Schmitt Industries (SMIT) Holding

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Rodgers Brothers Inc decreased Schmitt Industries Inc (SMIT) stake by 92.52% reported in 2017Q4 SEC filing. Rodgers Brothers Inc sold 253,684 shares as Schmitt Industries Inc (SMIT)’s stock declined 2.48%. The Rodgers Brothers Inc holds 20,500 shares with $56,000 value, down from 274,184 last quarter. Schmitt Industries Inc now has $7.95 million valuation. It closed at $1.99 lastly. It is down 85.81% since May 2, 2017 and is uptrending. It has outperformed by 74.26% the S&P500.

Resources Connection, Inc. (RECN) formed multiple top with $16.22 target or 3.00% above today’s $15.75 share price. Resources Connection, Inc. (RECN) has $496.37M valuation. The stock increased 0.64% or $0.1 during the last trading session, reaching $15.75. About 96,211 shares traded. Resources Connection, Inc. (NASDAQ:RECN) has declined 2.76% since May 2, 2017 and is downtrending. It has underperformed by 14.31% the S&P500.

Analysts await Resources Connection, Inc. (NASDAQ:RECN) to report earnings on July, 19. They expect $0.27 earnings per share, up 35.00% or $0.07 from last year’s $0.2 per share. RECN’s profit will be $8.51 million for 14.58 P/E if the $0.27 EPS becomes a reality. After $0.18 actual earnings per share reported by Resources Connection, Inc. for the previous quarter, Wall Street now forecasts 50.00% EPS growth.

Since April 9, 2018, it had 0 insider buys, and 1 insider sale for $95,232 activity. Wargotz Michael H sold 6,200 shares worth $95,232.

Investors sentiment decreased to 0.86 in Q4 2017. Its down 0.43, from 1.29 in 2017Q3. It dived, as 17 investors sold Resources Connection, Inc. shares while 40 reduced holdings. 15 funds opened positions while 34 raised stakes. 24.23 million shares or 2.38% more from 23.67 million shares in 2017Q3 were reported. State Board Of Administration Of Florida Retirement owns 33,883 shares or 0% of their US portfolio. Royal Bancorporation Of Canada has invested 0% in Resources Connection, Inc. (NASDAQ:RECN). Moreover, Citigroup has 0% invested in Resources Connection, Inc. (NASDAQ:RECN) for 39,352 shares. Jpmorgan Chase stated it has 0% in Resources Connection, Inc. (NASDAQ:RECN). Peak6 Investments Limited Partnership has 0% invested in Resources Connection, Inc. (NASDAQ:RECN). Systematic Fin Limited Partnership reported 0.02% stake. Parametric Assocs Limited Liability Com holds 0% of its portfolio in Resources Connection, Inc. (NASDAQ:RECN) for 100,263 shares. Rhumbline Advisers reported 0% stake. Commercial Bank Of Montreal Can holds 0% or 589 shares in its portfolio. Swiss Comml Bank accumulated 47,600 shares or 0% of the stock. Pacific Ridge Cap Prtn Ltd Limited Liability Company invested in 65,030 shares or 0.27% of the stock. Dimensional Fund Advsr Limited Partnership accumulated 2.51M shares or 0.02% of the stock. California Public Employees Retirement Systems owns 184,279 shares for 0% of their portfolio. Mason Street Lc invested 0% in Resources Connection, Inc. (NASDAQ:RECN). Meeder Asset Mngmt invested in 338 shares or 0% of the stock.

Among 4 analysts covering Resources Connection Inc. (NASDAQ:RECN), 0 have Buy rating, 3 Sell and 1 Hold. Therefore 0 are positive. Resources Connection Inc. had 10 analyst reports since August 18, 2016 according to SRatingsIntel. J.P. Morgan downgraded it to “Sell” rating and $16.0 target in Thursday, January 4 report. Robert W. Baird maintained the shares of RECN in report on Wednesday, January 3 with “Hold” rating. The stock of Resources Connection, Inc. (NASDAQ:RECN) earned “Neutral” rating by Robert W. Baird on Thursday, October 6. As per Thursday, August 18, the company rating was initiated by Deutsche Bank. The stock of Resources Connection, Inc. (NASDAQ:RECN) earned “Hold” rating by Robert W. Baird on Friday, November 10. The rating was maintained by Robert W. Baird on Wednesday, April 4 with “Hold”. The stock of Resources Connection, Inc. (NASDAQ:RECN) has “Sell” rating given on Friday, July 21 by Deutsche Bank. The rating was downgraded by JP Morgan to “Underweight” on Thursday, January 4. Deutsche Bank maintained the stock with “Sell” rating in Thursday, October 6 report. Robert W. Baird maintained it with “Hold” rating and $15.0 target in Friday, August 25 report.

Resources Connection, Inc. (NASDAQ:RECN) Institutional Positions Chart