Praniti Lakhwara Sells 2,802 Shares of Bread Financial (NYSE:BFH) Stock

Bread Financial Holdings, Inc. (NYSE:BFH) Director Praniti Lakhwara sold 2,802 shares of Bread Financial stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total value of $297,348.24. Following the completion of the sale, the director directly owned 4,458 shares of the company’s stock, valued at approximately $473,082.96. This represents a 38.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Bread Financial Stock Performance

NYSE BFH opened at $110.97 on Friday. The business’s 50-day moving average price is $99.09 and its 200 day moving average price is $84.98. Bread Financial Holdings, Inc. has a twelve month low of $53.83 and a twelve month high of $111.13. The company has a market capitalization of $4.26 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 0.69 and a beta of 1.10. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.25.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.81. The firm had revenue of $992.00 million for the quarter, compared to analyst estimates of $959.32 million. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%.The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company earned $3.15 EPS. On average, research analysts predict that Bread Financial Holdings, Inc. will post 11.82 earnings per share for the current year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.92 annualized dividend and a dividend yield of 0.8%. Bread Financial’s dividend payout ratio (DPR) is currently 7.18%.

Analyst Ratings Changes

Several brokerages recently commented on BFH. BTIG Research upped their price target on shares of Bread Financial from $105.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Morgan Stanley set a $107.00 price objective on shares of Bread Financial in a research note on Friday, July 24th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Bread Financial in a report on Wednesday, June 10th. Evercore reaffirmed an “outperform” rating and issued a $116.00 target price on shares of Bread Financial in a research report on Monday, July 6th. Finally, Zacks Research cut Bread Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $110.00.

Institutional Investors Weigh In On Bread Financial

Large investors have recently modified their holdings of the stock. Baron Wealth Management LLC lifted its position in Bread Financial by 6.5% during the 2nd quarter. Baron Wealth Management LLC now owns 6,466 shares of the company’s stock worth $701,000 after acquiring an additional 392 shares in the last quarter. GAMMA Investing LLC grew its position in Bread Financial by 2.6% in the second quarter. GAMMA Investing LLC now owns 3,842 shares of the company’s stock valued at $416,000 after acquiring an additional 99 shares in the last quarter. Pacer Advisors Inc. grew its position in Bread Financial by 58.7% in the first quarter. Pacer Advisors Inc. now owns 614 shares of the company’s stock valued at $46,000 after acquiring an additional 227 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Bread Financial by 18.1% during the first quarter. Bank of America Corp DE now owns 630,225 shares of the company’s stock valued at $47,198,000 after purchasing an additional 96,771 shares during the period. Finally, Amundi raised its stake in shares of Bread Financial by 15.5% during the first quarter. Amundi now owns 14,117 shares of the company’s stock valued at $1,057,000 after purchasing an additional 1,894 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

About Bread Financial

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.