Performance Sports Group Ltd. (NYSE:PSG) shares rose 4.7% during trading on Thursday . The stock traded as high as $3.14 and last traded at $3.12, with a volume of 470,071 shares trading hands. The stock had previously closed at $2.98.

PSG has been the subject of several recent research reports. Sterne Agee CRT reissued a “buy” rating and issued a $6.00 price objective on shares of Performance Sports Group in a research note on Wednesday, March 16th. Bank of America Corp. downgraded Performance Sports Group from a “neutral” rating to an “underperform” rating in a research note on Monday, March 28th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $3.00 price objective (down from $3.50) on shares of Performance Sports Group in a research note on Friday, April 15th. Zacks Investment Research downgraded Performance Sports Group from a “hold” rating to a “sell” rating in a research note on Saturday, April 16th. Finally, Wunderlich reduced their price objective on Performance Sports Group from $6.00 to $4.00 and set a “hold” rating for the company in a research note on Thursday, June 9th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Performance Sports Group presently has a consensus rating of “Hold” and an average price target of $7.77.

The firm’s market capitalization is $144.44 million. The firm has a 50-day moving average price of $3.12 and a 200-day moving average price of $4.86.

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

In other news, major shareholder Sagard Capital Partners, L.P. acquired 171,311 shares of Performance Sports Group stock in a transaction that occurred on Wednesday, April 27th. The stock was purchased at an average cost of $3.71 per share, with a total value of $635,563.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel M. Friedberg acquired 75,000 shares of Performance Sports Group stock in a transaction that occurred on Tuesday, May 10th. The shares were purchased at an average cost of $3.54 per share, with a total value of $265,500.00. The disclosure for this purchase can be found here.

A number of institutional investors have recently modified their holdings of PSG. Boston Partners purchased a new position in shares of Performance Sports Group during the fourth quarter valued at about $1,598,000. Foresters Investment Management Company Inc. boosted its position in Performance Sports Group by 20.1% in the fourth quarter. Foresters Investment Management Company Inc. now owns 221,000 shares of the company’s stock worth $2,128,000 after buying an additional 37,000 shares during the period. Mutual of America Capital Management LLC boosted its position in 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. Russell Frank Co boosted its position in 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. Finally, Pembroke Management LTD boosted its position in 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.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.