Plantronics, Inc. (NYSE:PLT) Director John Hart sold 21,083 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $52.56, for a total transaction of $1,108,122.48. Following the sale, the director now owns 11,094 shares of the company’s stock, valued at $583,100.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Plantronics, Inc. (NYSE PLT) traded down $0.37 during midday trading on Thursday, hitting $52.32. 205,406 shares of the stock were exchanged, compared to its average volume of 164,578. The company has a current ratio of 6.44, a quick ratio of 5.90 and a debt-to-equity ratio of 1.27. Plantronics, Inc. has a 52 week low of $41.28 and a 52 week high of $58.27. The firm has a market capitalization of $1,745.23, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 1.61 and a beta of 1.24.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 20th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a yield of 1.15%. Plantronics’s dividend payout ratio (DPR) is 24.69%.
Several brokerages have issued reports on PLT. TheStreet upgraded shares of Plantronics from a “c+” rating to a “b” rating in a research report on Friday, November 24th. Zacks Investment Research upgraded shares of Plantronics from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Roth Capital set a $55.00 price objective on shares of Plantronics and gave the stock a “buy” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $57.33.
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Plantronics, Inc (Plantronics) is engaged in the design, manufacture, and distribution of headsets for business and consumer applications, and other specialty products for the hearing impaired. The Company is a global designer, manufacturer and marketer of communications headsets, telephone headset systems, other communication endpoints and accessories for the business and consumer markets.
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