Plantronics, Inc. (PLT) Given Average Rating of “Hold” by Brokerages
Plantronics, Inc. (NYSE:PLT) has received a consensus rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $57.33.
A number of brokerages have recently issued reports on PLT. TheStreet raised shares of Plantronics from a “c+” rating to a “b” rating in a research note on Friday, November 24th. Roth Capital set a $55.00 price objective on shares of Plantronics and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Plantronics from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd.
In related news, CEO Joseph B. Burton sold 3,188 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $51.87, for a total transaction of $165,361.56. Following the completion of the transaction, the chief executive officer now owns 92,373 shares in the company, valued at $4,791,387.51. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maria Martinez sold 2,874 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $51.25, for a total transaction of $147,292.50. Following the transaction, the director now owns 7,389 shares of the company’s stock, valued at approximately $378,686.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,145 shares of company stock valued at $1,420,777. Corporate insiders own 3.20% of the company’s stock.
Shares of Plantronics (NYSE PLT) traded down $0.37 during midday trading on Friday, hitting $52.32. 205,400 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. The stock has a market capitalization of $1,745.23, a PE ratio of 23.15, a PEG ratio of 1.61 and a beta of 1.24. Plantronics has a 1 year low of $41.28 and a 1 year high of $58.27.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Monday, November 20th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.15%. Plantronics’s dividend payout ratio (DPR) is presently 24.69%.
Plantronics Company Profile
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.
Receive News & Ratings for Plantronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plantronics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.