Plantronics CFO Pamela J. Strayer Unloads 2,000 Shares (PLT)
Plantronics (NYSE:PLT) CFO Pamela J. Strayer sold 2,000 shares of Plantronics stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $47.10, for a total value of $94,200.00. Following the sale, the chief financial officer now directly owns 28,303 shares of the company’s stock, valued at approximately $1,333,071. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Roth Capital raised their price target on shares of Plantronics from $53.00 to $55.00 in a research note on Thursday, July 31st. Separately, analysts at Zacks upgraded shares of Plantronics from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $50.40 price target on the stock. Finally, analysts at Northland Securities raised their price target on shares of Plantronics from $51.00 to $53.00 in a research note on Wednesday, July 30th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Plantronics presently has an average rating of “Buy” and an average target price of $54.20.
Shares of Plantronics (NYSE:PLT) traded down 1.68% during mid-day trading on Thursday, hitting $46.13. The stock had a trading volume of 93,030 shares. Plantronics has a one year low of $41.14 and a one year high of $49.87. The stock’s 50-day moving average is $47.37 and its 200-day moving average is $44.89. The company has a market cap of $1.920 billion and a P/E ratio of 17.71.
Plantronics (NYSE:PLT) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.70 by $0.08. The company had revenue of $216.70 million for the quarter, compared to the consensus estimate of $210.95 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Plantronics will post $3.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.28%.
Plantronics, Inc (NYSE:PLT) is a global designer, manufacturer, and marketer of lightweight communications headsets, telephone headset systems, and accessories for the business and consumer markets under the Plantronics brand.
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