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Plantronics (NYSE:PLT) Insider Philip Vanhoutte sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $46.80, for a total transaction of $280,800.00. Following the completion of the sale, the insider now directly owns 41,824 shares in the company, valued at approximately $1,957,363. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Plantronics (NYSE:PLT) traded down 1.22% during mid-day trading on Tuesday, hitting $46.12. The stock had a trading volume of 148,212 shares. Plantronics has a 52-week low of $41.14 and a 52-week high of $49.87. The stock has a 50-day moving average of $47.39 and a 200-day moving average of $44.96. The company has a market cap of $1.919 billion and a price-to-earnings ratio of 17.62.

Plantronics (NYSE:PLT) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.78 earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts expect that Plantronics will post $3.06 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders 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 1.29%. The ex-dividend date is Monday, August 18th.

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 research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $54.20.

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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