At Current Price, Is It Too Late To Buy Plantronics, Inc. (PLT)?

On Wednesday, shares of Plantronics, Inc. (NYSE:PLT) marked $31.17 per share versus a previous $30.74 closing price. With having a 1.40% gain, an insight into the fundamental values of Plantronics, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. PLT showed a rise of 14.01% within its YTD performance, with highs and lows between $22.80 – $53.92 during the period of 52 weeks, compared to the simple moving average of -13.75% in the period of the last 200 days.

JP Morgan equity researchers changed the status of Plantronics, Inc. (NYSE: PLT) shares to a “Neutral” rating in the report published on December 5th, 2019. Other analysts, including Northland Capital, also published their reports on PLT shares. Northland Capital repeated the rating from the previous report, marking PLT under “Market Perform” rating, in the report published on November 6th, 2019. Additionally, PLT shares got another “Overweight” rating from Morgan Stanley, setting a target price of $58 on the company’s shares, according to the report published in September 19th, 2019. On the other hand, Sidoti Upgrade the “Buy” rating for PLT shares, as published in the report on August 8th, 2018. Sidoti seems to be going bullish on the price of PLT shares, based on the price prediction for PLT. Another “Buy” rating came from Sidoti.

Plantronics, Inc. (PLT) Analysis

The present dividend yield for PLT owners is set at 0.02, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with Plantronics, Inc., the company needs to provide a healthy cash flow, currently at the value of 50.41. In addition, the growth of sales from quarter to quarter is recording -4.40%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of Plantronics, Inc. (PLT) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -19.20% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 1.00 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while PLT is currently recording an average of 874.32K in volumes. The volatility of the stock on monthly basis is set at 3.52%, while the weekly volatility levels are marked at 4.10%with -3.59% of loss in the last seven days. Additionally, long-term investors are predicting the target price of $40.33, indicating growth from the present price of $31.17, which can represent yet another valuable research and analysis points that can help you decide whether to invest in PLT or pass.

What to Look for When Analyzing Plantronics, Inc. Shares?

Plantronics, Inc. (PLT) is based in the USA and it represents one of the well-known company operating with Technology sector. If you wish to compare PLT shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for Plantronics, Inc., while the value 7.99 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -3.67 is supported by the yearly ESP growth of -243.20%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.70%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in PLT Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in PLT in the recent period. That is how Disciplined Growth Investors, Inc now has an increase position in PLT by 1.98% in the first quarter, owning 2.12 million shares of PLT stocks, with the value of $57.99 million after the purchase of an additional 41,286 shares during the last quarter. In the meanwhile, Epoch Investment Partners, Inc. also increased their stake in PLT shares changed 17.50% in the first quarter, which means that the company now owns 1.41 million shares of company, all valued at $38.62 million after the acquisition of additional 210,452 shares during the last quarter.

DePrince, Race & Zollo, Inc. acquired a new position in Plantronics, Inc. during the first quarter, with the value of $34.64 million, and Columbia Management Investment Ad increased their stake in the company’s shares by 422.93% in the first quarter, now owning 714,137 shares valued at $24.14 million after the acquisition of the additional 882990 shares during the last quarter. In the end, Greenhouse Funds LLLP increased their position by 18.35% during the first quarter, now owning 837696 PLT shares, now holding the value of $22.9 million in PLT with the purchase of the additional 361,397 shares during the period of the last quarter.