Plantronics, Inc. (PLT) Receives Consensus Rating of “Hold” from Brokerages
Plantronics, Inc. (NYSE:PLT) has earned an average rating of “Hold” from the six research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $57.33.
PLT has been the subject of a number of recent research reports. Zacks Investment Research cut Plantronics from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. TheStreet cut Plantronics from a “b-” rating to a “c+” rating in a research report on Monday, August 21st. Finally, Roth Capital set a $55.00 price objective on Plantronics and gave the stock a “buy” rating in a research report on Wednesday, November 1st.
In other Plantronics news, Director John Hart sold 21,083 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $52.56, for a total value of $1,108,122.48. Following the sale, the director now directly owns 11,094 shares of the company’s stock, valued at approximately $583,100.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Joseph B. Burton sold 3,188 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $51.87, for a total value of $165,361.56. Following the completion of the sale, the chief executive officer now directly owns 92,373 shares in the company, valued at $4,791,387.51. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,145 shares of company stock valued at $1,420,777. 3.20% of the stock is currently owned by company insiders.
Plantronics (NYSE PLT) traded down $0.37 during trading on Friday, reaching $52.32. The company had a trading volume of 205,400 shares, compared to its average volume of 164,578. The stock has a market cap 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 has a current ratio of 6.44, a quick ratio of 5.90 and a debt-to-equity ratio of 1.27.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 20th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Friday, November 17th. Plantronics’s dividend payout ratio is presently 24.69%.
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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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