Shares of Performance Sports Group Ltd. (NYSE:PSG) were down 2.3% during trading on Thursday . The company traded as low as $2.89 and last traded at $2.94, with a volume of 234,279 shares traded. The stock had previously closed at $3.01.

A number of analysts have recently commented on PSG shares. Sterne Agee CRT reissued a “buy” rating and issued a $6.00 price target on shares of Performance Sports Group in a research report on Wednesday, March 16th. Paradigm Capital reissued a “buy” rating and issued a $7.25 price target (down from $18.00) on shares of Performance Sports Group in a research report on Friday, March 11th. Morgan Stanley cut Performance Sports Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $19.00 to $5.00 in a research report on Monday, March 14th. Bank of America Corp. cut Performance Sports Group from a “neutral” rating to an “underperform” rating in a research report on Monday, March 28th. Finally, Zacks Investment Research cut Performance Sports Group from a “hold” rating to a “sell” rating in a research report on Saturday, April 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Performance Sports Group currently has an average rating of “Hold” and a consensus price target of $7.77.

The company’s market capitalization is $138.06 million. The company has a 50 day moving average of $3.13 and a 200-day moving average of $5.01.

Performance Sports Group (NYSE:PSG) last issued its quarterly earnings data on Thursday, April 14th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by $0.03. During the same quarter last year, the firm posted $0.13 earnings per share. The company had revenue of $126.10 million for the quarter, compared to the consensus estimate of $124.44 million. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. Equities research analysts anticipate that Performance Sports Group Ltd. will post ($0.06) earnings per share for the current fiscal year.

In other Performance Sports Group news, Director C Michael Jacobi acquired 30,830 shares of the business’s stock in a transaction that occurred on Wednesday, April 20th. The shares were bought at an average cost of $3.56 per share, with a total value of $109,754.80. Following the completion of the acquisition, the director now directly owns 11,830 shares in the company, valued at approximately $42,114.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark J. Vendetti acquired 20,000 shares of the business’s stock in a transaction that occurred on Friday, April 22nd. The shares were acquired at an average cost of $3.60 per share, for a total transaction of $72,000.00. Following the completion of the acquisition, the chief financial officer now owns 20,000 shares of the company’s stock, valued at $72,000. The disclosure for this purchase can be found here.

A number of institutional investors have modified their holdings of PSG. Morgan Stanley raised its position 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 valued at $3,556,000 after buying an additional 208,383 shares during the last quarter. Mutual of America Capital Management LLC increased 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 valued at $2,524,000 after buying an additional 1,567 shares during the period. Pembroke Management LTD increased 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 valued at $24,629,000 after buying an additional 12,700 shares during the period. Boston Partners purchased a new stake in shares of Performance Sports Group during the fourth quarter valued at $1,598,000. Finally, Russell Frank Co increased 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 valued at $5,977,000 after buying an additional 116,672 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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