Robert W. Baird restated their hold rating on shares of Resources Connection, Inc. (NASDAQ:RECN) in a research note published on Friday. They currently have a $15.00 target price on the business services provider’s stock.

Several other brokerages also recently issued reports on RECN. Deutsche Bank AG reaffirmed a sell rating and issued a $13.00 price target (up previously from $12.00) on shares of Resources Connection in a report on Friday, October 6th. Zacks Investment Research downgraded shares of Resources Connection from a buy rating to a hold rating in a report on Tuesday, October 10th. Finally, BidaskClub downgraded shares of Resources Connection from a hold rating to a sell rating in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company has an average rating of Hold and an average target price of $15.00.

Shares of Resources Connection (NASDAQ RECN) opened at $15.55 on Friday. Resources Connection has a fifty-two week low of $12.05 and a fifty-two week high of $19.80. The stock has a market cap of $468.49, a PE ratio of 26.36 and a beta of 1.19. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.82 and a quick ratio of 2.82.

Resources Connection (NASDAQ:RECN) last announced its quarterly earnings results on Wednesday, October 4th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. Resources Connection had a net margin of 2.60% and a return on equity of 8.08%. The company had revenue of $141.20 million for the quarter, compared to the consensus estimate of $140.29 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. equities research analysts expect that Resources Connection will post 0.67 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Wednesday, November 15th. Resources Connection’s payout ratio is 102.13%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. AXA purchased a new position in shares of Resources Connection during the second quarter valued at approximately $1,062,000. Brandes Investment Partners LP lifted its stake in shares of Resources Connection by 51.2% during the second quarter. Brandes Investment Partners LP now owns 364,565 shares of the business services provider’s stock valued at $4,994,000 after buying an additional 123,466 shares during the period. California Public Employees Retirement System lifted its stake in shares of Resources Connection by 1.4% during the first quarter. California Public Employees Retirement System now owns 163,585 shares of the business services provider’s stock valued at $2,740,000 after buying an additional 2,300 shares during the period. NN Investment Partners Holdings N.V. lifted its stake in shares of Resources Connection by 8.2% during the second quarter. NN Investment Partners Holdings N.V. now owns 52,140 shares of the business services provider’s stock valued at $714,000 after buying an additional 3,955 shares during the period. Finally, South Dakota Investment Council lifted its stake in shares of Resources Connection by 78.8% during the second quarter. South Dakota Investment Council now owns 80,084 shares of the business services provider’s stock valued at $1,097,000 after buying an additional 35,300 shares during the period. 81.84% of the stock is currently owned by institutional investors and hedge funds.

Resources Connection Company Profile

Resources Connection, Inc is a multinational consulting firm. The Company’s operating entities primarily provide services under the name Resources Global Professionals (RGP). The Company provides consulting and business initiative support services to its global client base in the areas of accounting; finance; corporate governance, risk and compliance (GRC) management; corporate advisory, strategic communications and restructuring; information management; human capital; supply chain management, and legal and regulatory.

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