Plantronics (PLT) Getting Somewhat Positive Media Coverage, Analysis Finds

News headlines about Plantronics (NYSE:PLT) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Plantronics earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.5457906687211 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media headlines that may have effected Accern’s rankings:

PLT has been the subject of several research analyst reports. Roth Capital set a $55.00 price target on shares of Plantronics and gave the company a “buy” rating in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Plantronics from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. TheStreet lowered shares of Plantronics from a “b-” rating to a “c+” rating in a report on Monday, August 21st. J P Morgan Chase & Co lowered shares of Plantronics from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $63.00 to $60.00 in a report on Friday, July 28th. Finally, Northland Securities set a $57.00 price target on shares of Plantronics and gave the company a “buy” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Plantronics currently has a consensus rating of “Hold” and a consensus price target of $57.33.

Shares of Plantronics (PLT) traded down $0.13 during mid-day trading on Friday, hitting $50.25. 120,229 shares of the stock traded hands, compared to its average volume of 165,876. The firm has a market cap of $1,670.00, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 1.56 and a beta of 1.24. Plantronics has a one year low of $41.28 and a one year high of $58.27. The company has a quick ratio of 5.90, a current ratio of 6.44 and a debt-to-equity ratio of 1.27.

Plantronics announced that its board has approved a stock repurchase plan on Thursday, July 27th that authorizes the company to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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 $0.15 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.60 annualized dividend and a yield of 1.19%. Plantronics’s dividend payout ratio is currently 24.59%.

In other Plantronics news, CEO Joseph B. Burton sold 3,188 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $51.87, for a total transaction of $165,361.56. Following the sale, the chief executive officer now directly owns 92,373 shares of the company’s stock, valued at approximately $4,791,387.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Maria Martinez sold 2,874 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $51.25, for a total transaction of $147,292.50. Following the sale, the director now directly owns 7,389 shares in the company, valued at $378,686.25. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.

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About Plantronics

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.

Insider Buying and Selling by Quarter for Plantronics (NYSE:PLT)

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