Performance Sports Group Ltd. (NYSE:PSG)’s share price was down 2.3% during mid-day trading on Thursday . The stock traded as low as $2.89 and last traded at $2.94, with a volume of 234,279 shares changing hands. The stock had previously closed at $3.01.

Several equities research analysts recently weighed in on PSG shares. Bank of America Corp. cut Performance Sports Group from a “neutral” rating to an “underperform” rating in a research note on Monday, March 28th. Morgan Stanley cut Performance Sports Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $19.00 to $5.00 in a research note on Monday, March 14th. Zacks Investment Research upgraded Performance Sports Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 11th. Royal Bank Of Canada restated a “sector perform” rating and set a $3.50 target price on shares of Performance Sports Group in a research note on Thursday, June 9th. Finally, Sterne Agee CRT restated a “buy” rating and set a $6.00 target price on shares of Performance Sports Group in a research note on Wednesday, March 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $7.77.

The company’s market cap is $132.14 million. The stock’s 50-day moving average price is $3.14 and its 200-day moving average price is $5.06.

Performance Sports Group (NYSE:PSG) last issued its quarterly earnings data on Thursday, April 14th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by $0.03. The business earned $126.10 million during the quarter, compared to analysts’ expectations of $124.44 million. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 EPS. On average, equities research analysts forecast that Performance Sports Group Ltd. will post ($0.06) EPS for the current year.

In other Performance Sports Group news, major shareholder Sagard Capital Partners, L.P. acquired 171,311 shares of the stock in a transaction on Wednesday, April 27th. The stock was purchased at an average price of $3.71 per share, for a total transaction of $635,563.81. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Mark J. Vendetti acquired 20,000 shares of the stock in a transaction on Friday, April 22nd. The shares were acquired at an average price of $3.60 per share, with a total value of $72,000.00. Following the purchase, the chief financial officer now owns 20,000 shares in the company, valued at $72,000. The disclosure for this purchase can be found here.

A number of large investors have modified their holdings of PSG. Mutual of America Capital Management LLC raised its stake in shares of Performance Sports Group by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 262,070 shares of the company’s stock worth $2,524,000 after buying an additional 1,567 shares during the period. Pembroke Management LTD raised its stake in shares of Performance Sports Group by 0.7% in the fourth quarter. Pembroke Management LTD now owns 1,846,300 shares of the company’s stock worth $24,629,000 after buying an additional 12,700 shares during the period. Russell Frank Co raised its stake in shares of Performance Sports Group by 23.5% in the fourth quarter. Russell Frank Co now owns 613,004 shares of the company’s stock worth $5,977,000 after buying an additional 116,672 shares during the period. Boston Partners acquired a new stake in shares of Performance Sports Group during the fourth quarter worth $1,598,000. Finally, Morgan Stanley raised its stake in shares of Performance Sports Group by 129.5% in the fourth quarter. Morgan Stanley now owns 369,284 shares of the company’s stock worth $3,556,000 after buying an additional 208,383 shares during the period.

Performance Sports Group Ltd. is engaged in the design, manufacture and distribution of performance sports equipment for ice hockey, roller hockey, baseball and softball, lacrosse, as well as related apparel and accessories, including soccer apparel. The Company’s segments include Hockey, Baseball/Softball and Other Sports.

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