Pep Boys (PBY) Misses on Earnings

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Pep Boys (NYSE:PBY) has just reported their third quarter earnings after hours, and the numbers were not particularly good. The company reported an EPS of just $0.02, missing consensus estimates by $0.04 per share. Pep Boys (NYSE:PBY) also missed on the top line, reporting revenue of $508.10 million for the quarter compared with the $516.13 million that analysts had been predicting. With all this said, earnings may not be very important as both Carl Icahn and Bridgestone are now in a bidding war to purchase the company outright. The stock increased 2.36% or $0.37 during the last trading session, hitting $16.06. About 2.60M shares traded hands or up 19.27% from the average. PBY has risen 71.48% since May 4, 2015 and is currently uptrending. It has outperformed the S&P500 by 72.55%.

From a total of 4 analysts covering Pep Boys-Manny Moe and Jack (NYSE:PBY) stock, 1 rate it a “Buy”, 2 a “Sell”, and 1 a “Hold”. This means that 25% of the ratings are positive. The highest target price is $13 while the lowest target price is $12. The mean of all analyst targets is $12.50 which is -22.17% below today’s ($16.06) stock price. Pep Boys-Manny Moe and Jack was the topic of 4 analyst reports since September 7, 2015 according to the firm StockzIntelligence Inc. Argus Research downgraded shares on November 24 to a “Sell” rating. Jefferies initiated PBY stock in a recent report from September 15 with a “Hold” rating.

The institutional sentiment increased to 2.14 in Q2 2015. It’s up 0.97, from 1.17 in 2015Q1. The ratio increased, as 16 funds sold all their Pep Boys-Manny Moe and Jack shares they owned while 28 reduced their positions. 30 funds bought stakes while 64 increased their total positions. Institutions now own 49.11 million shares which is 1.08% more than the previous share count of 48.59 million in 2015Q1.

Signia Capital Management Llc holds 6.14% of its total portfolio in Pep Boys-Manny Moe and Jack, equating to 192,276 shares. Adirondack Research & Management Inc. owns 411,201 shares representing 1.85% of their total US portfolio. Moreover, Teton Advisors Inc. has 0.98% of their total portfolio invested in the company, equating to 1.16 million shares. The Arizona-based Leonard Capital Management Inc has a total of 0.5% of their portfolio invested in the stock. Gamco Investors Inc. Et Al, a New York-based fund reported 6.97 million shares owned.

Since August 24, 2015, the stock had 1 insider buy, and 0 sales for a total of $23,883 in net activity. Gamco Investors – Inc. Et Al bought 2,200 shares worth $23,883.

Pep Boys-Manny, Moe & Jack is a service and automotive aftermarket company. The company has a market cap of $848.10 million. The Company’s stores are organized into a hub and spoke network, including supercenters and service and tire centers. It currently has negative earnings. Supercenters average approximately 20,000 square feet and combine do-it-for-me service labor, installed merchandise and tire offerings with do-it-yourself (DIY) parts and accessories.

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