Why The Pep Boys (PBY) Stock Is Down Today

NEW YORK (TheStreet) -- The Pep Boys (PBY) stock is plummeting, down -15.4% to $10.31 in trading on Tuesday.

The drop follows the company's release of its fourth quarter and full year 2013 earnings report.

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The company reported a loss of 6 cents per share in the fourth quarter ended February 1. The loss missed analysts EPS estimates of a 5 cent profit per share.

Year over year revenues for the quarter were down 6.6% to $495.7 million from $530.8 million.

The company's stock has hit an 11 month low following yesterday's report.

TheStreet Ratings team rates PEP BOYS-MANNY MOE & JACK as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate PEP BOYS-MANNY MOE & JACK (PBY) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins."

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