Plantronics Insider Philip Vanhoutte Unloads 5,000 Shares (PLT)
Plantronics (NYSE:PLT) Insider Philip Vanhoutte unloaded 5,000 shares of the stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $47.01, for a total value of $235,050.00. Following the completion of the sale, the insider now directly owns 41,824 shares of the company’s stock, valued at approximately $1,966,146. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on PLT shares. 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 analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Plantronics has an average rating of “Buy” and an average target price of $54.20.
Plantronics (NYSE:PLT) traded down 0.31% during mid-day trading on Friday, hitting $47.225. 18,618 shares of the company’s stock traded hands. Plantronics has a 1-year low of $41.14 and a 1-year high of $49.87. The stock has a 50-day moving average of $47.2 and a 200-day moving average of $45.1. The company has a market cap of $1.965 billion and a P/E ratio of 17.88.
Plantronics (NYSE:PLT) last announced its earnings results 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. 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. Investors 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%. The ex-dividend date is Monday, August 18th.
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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