Bread Financial (NYSE:BFH) Shares Down 3.3% – Here’s Why

Bread Financial Holdings, Inc. (NYSE:BFH) fell 3.3% during trading on Friday . The stock traded as low as $50.87 and last traded at $51.06. 136,020 shares were traded during trading, a decline of 84% from the average session volume of 855,547 shares. The stock had previously closed at $52.81.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BFH. Royal Bank of Canada raised their target price on shares of Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Evercore ISI lowered their price objective on shares of Bread Financial from $59.00 to $52.00 and set an “in-line” rating for the company in a report on Monday, October 7th. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a report on Thursday, June 20th. The Goldman Sachs Group raised their price target on shares of Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a report on Monday, July 29th. Finally, Jefferies Financial Group upped their price objective on shares of Bread Financial from $35.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, July 9th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $50.07.

Bread Financial Stock Down 2.5 %

The business’s 50 day moving average is $51.85 and its 200 day moving average is $45.55. The company has a market cap of $2.55 billion, a P/E ratio of 6.65, a P/E/G ratio of 0.17 and a beta of 1.94. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.41.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, July 25th. The company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $1.60 by $1.06. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The firm had revenue of $939.00 million for the quarter, compared to the consensus estimate of $922.01 million. During the same period in the previous year, the business earned $1.27 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities analysts anticipate that Bread Financial Holdings, Inc. will post 7.44 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 9th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.84 annualized dividend and a yield of 1.63%. Bread Financial’s dividend payout ratio is presently 10.58%.

Institutional Trading of Bread Financial

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jennison Associates LLC acquired a new stake in shares of Bread Financial in the 1st quarter worth $631,000. GSA Capital Partners LLP acquired a new position in Bread Financial in the 1st quarter valued at about $623,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Bread Financial in the 1st quarter valued at approximately $1,546,000. Wellington Management Group LLP raised its position in shares of Bread Financial by 7.8% during the 4th quarter. Wellington Management Group LLP now owns 2,107,253 shares of the company’s stock valued at $69,413,000 after buying an additional 152,954 shares during the period. Finally, UniSuper Management Pty Ltd acquired a new position in Bread Financial in the first quarter valued at approximately $383,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Company Profile

Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit.