Plantronics (PLT) Hits New 1-Year High and Low at $75.70

Shares of Plantronics Inc (NYSE:PLT) reached a new 52-week high and low on Thursday . The stock traded as low as $75.70 and last traded at $75.40, with a volume of 649 shares changing hands. The stock had previously closed at $75.02.

PLT has been the topic of several research reports. ValuEngine raised Plantronics from a “hold” rating to a “buy” rating in a report on Thursday, March 29th. Sidoti raised Plantronics from a “neutral” rating to a “buy” rating in a report on Thursday, March 29th. Finally, TheStreet raised Plantronics from a “c” rating to a “b-” rating in a report on Thursday, May 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $60.00.

The company has a quick ratio of 6.62, a current ratio of 7.17 and a debt-to-equity ratio of 1.40. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 27.96 and a beta of 1.25.



Plantronics (NYSE:PLT) last posted its earnings results on Tuesday, May 1st. The technology company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.25. The company had revenue of $216.10 million for the quarter, compared to analyst estimates of $208.49 million. Plantronics had a positive return on equity of 24.88% and a negative net margin of 0.10%. Plantronics’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.81 earnings per share. research analysts anticipate that Plantronics Inc will post 2.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 8th. Investors of record on Friday, May 18th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Thursday, May 17th. Plantronics’s payout ratio is currently 22.14%.

In related news, Director Greggory C. Hammann sold 2,000 shares of the stock in a transaction on Thursday, May 31st. The stock was sold at an average price of $73.20, for a total transaction of $146,400.00. Following the sale, the director now owns 18,634 shares of the company’s stock, valued at $1,364,008.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Pamela J. Strayer sold 3,903 shares of the stock in a transaction on Monday, May 7th. The shares were sold at an average price of $66.29, for a total value of $258,729.87. Following the sale, the insider now directly owns 47,300 shares in the company, valued at approximately $3,135,517. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,616 shares of company stock worth $770,919. Corporate insiders own 3.20% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sawtooth Solutions LLC acquired a new stake in shares of Plantronics during the first quarter valued at $206,000. Hsbc Holdings PLC acquired a new stake in shares of Plantronics during the first quarter valued at $214,000. Tower Research Capital LLC TRC boosted its stake in shares of Plantronics by 69.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the technology company’s stock valued at $235,000 after acquiring an additional 1,904 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of Plantronics during the fourth quarter valued at $240,000. Finally, ING Groep NV acquired a new stake in shares of Plantronics during the fourth quarter valued at $251,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Plantronics Company Profile

Plantronics, Inc designs, manufactures, and markets lightweight communications headsets, telephone headset systems, other communication endpoints, and accessories for the business and consumer markets under the Plantronics brand worldwide. The company also manufactures and markets specialty telephone products under the Clarity brand.

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