Performance Sports Group Ltd (PSG) is Reiterated by RBC Capital Mkts to Sector Perform, Lowers Price Target to $ 3

Performance Sports Group Ltd (PSG) was Reiterated by RBC Capital Mkts to “Sector Perform” while Lowering the Price Target of the company shares to $ 3 from a previous price target of $3.50 . RBC Capital Mkts advised their investors in a research report released on Apr 18, 2016.

Many Wall Street Analysts have commented on Performance Sports Group Ltd. Performance Sports Group Ltd was Downgraded by BofA/Merrill to ” Underperform” on Mar 28, 2016. Performance Sports Group Ltd was Downgraded by Morgan Stanley to ” Equal-Weight” on Mar 14, 2016. Shares were Reiterated by DA Davidson on Mar 10, 2016 to “Buy” and Lowered the Price Target to $ 4 from a previous price target of $10 .

On the company’s financial health, Performance Sports Group Ltd reported $-0.32 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Apr 14, 2016. Analyst had a consensus of $-0.29. The company had revenue of $126.10 million for the quarter, compared to analysts expectations of $127.58 million. The company’s revenue was down -8.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.13 EPS.

Performance Sports Group Ltd closed down -0.59 points or -15.45% at $3.23 with 26,00,710 shares getting traded on Friday. Post opening the session at $3.61, the shares hit an intraday low of $3.23 and an intraday high of $3.81 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Oct 28, 2015, Kevin M. Davis (CEO) purchased 10,000 shares at $11.35 per share price. According to the SEC, on Sep 11, 2015, Paul Gibson (EVP,Chief Supply Chain Officer) purchased 4,800 shares at $13.01 per share price. On Sep 9, 2015, Paul L. Dachsteiner (VP, Information Services) purchased 3,700 shares at $13.35 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Hockey segment includes the Bauer and Mission brands. The Baseball/Softball segment includes the Easton and Combat brands. Its Other Sports includes the Lacrosse and Soccer operating segments which includes the Maverik and Cascade brands for Lacrosse and the Inaria brand for Soccer. The ice hockey products include skates helmets protective gear sticks team apparel and accessories. The roller hockey products include skates helmets protective gear sticks and accessories. The baseball and softball products include bats gloves helmets protective gear apparel and accessories. The lacrosse products include sticks helmets protective gear and apparel.

Performance Sports Group Ltd

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