News articles about Plantronics (NYSE:PLT) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. 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 assigned news coverage about the technology company an impact score of 46.5457906687211 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several equities research analysts have recently commented on PLT shares. Northland Securities set a $57.00 price target on Plantronics and gave the stock a “buy” rating in a research note on Tuesday, July 25th. J P Morgan Chase & Co downgraded Plantronics from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $63.00 to $60.00 in a research report on Friday, July 28th. Zacks Investment Research downgraded Plantronics from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. TheStreet downgraded 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $57.33.
Shares of Plantronics (NYSE PLT) traded up $0.10 on Friday, reaching $51.14. The company’s stock had a trading volume of 167,429 shares, compared to its average volume of 239,405. The company has a debt-to-equity ratio of 1.27, a current ratio of 6.44 and a quick ratio of 5.90. The firm has a market cap of $1,691.00, a P/E ratio of 22.43, a PEG ratio of 1.56 and a beta of 1.24. Plantronics has a 52 week low of $41.28 and a 52 week high of $58.27.
Plantronics declared that its Board of Directors has authorized a stock buyback plan on Thursday, July 27th that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the technology company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Monday, November 20th will be issued 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 1.17%. Plantronics’s dividend payout ratio (DPR) is presently 24.69%.
In other news, CEO Joseph B. Burton sold 3,188 shares of the business’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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the director now directly owns 7,389 shares of the company’s stock, valued at $378,686.25. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.
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.
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