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

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

Bread Financial Stock Down 0.6%

Shares of BFH traded down $0.62 on Wednesday, hitting $107.16. The company’s stock had a trading volume of 723,186 shares, compared to its average volume of 764,093. The firm’s fifty day moving average price is $98.20 and its 200-day moving average price is $84.58. Bread Financial Holdings, Inc. has a fifty-two week low of $53.83 and a fifty-two week high of $110.14. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 0.70 and a beta of 1.10.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, July 23rd. The company reported $3.55 EPS for the quarter, topping the consensus estimate of $2.74 by $0.81. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The firm had revenue of $992.00 million for the quarter, compared to the consensus estimate of $959.32 million. During the same period last year, the company posted $3.15 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities research analysts expect that Bread Financial Holdings, Inc. will post 11.56 EPS for the current year.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, August 31st. Bread Financial’s dividend payout ratio (DPR) is presently 7.18%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Evercore reaffirmed an “outperform” rating and issued a $116.00 target price on shares of Bread Financial in a research note on Monday, July 6th. UBS Group boosted their price target on Bread Financial from $94.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. BTIG Research upped their price objective on Bread Financial from $105.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bread Financial in a report on Friday. Finally, Wolfe Research reissued a “positive” rating on shares of Bread Financial in a research report on Wednesday, June 10th. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $110.00.

Institutional Investors Weigh In On Bread Financial

A number of institutional investors and hedge funds have recently made changes to their positions in BFH. Dimensional Fund Advisors LP boosted its holdings in shares of Bread Financial by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,086,060 shares of the company’s stock valued at $231,111,000 after buying an additional 9,854 shares during the last quarter. Franklin Resources Inc. increased its holdings in Bread Financial by 17.3% during the fourth quarter. Franklin Resources Inc. now owns 2,029,894 shares of the company’s stock worth $150,273,000 after buying an additional 299,439 shares during the last quarter. Geode Capital Management LLC raised its position in Bread Financial by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 1,159,731 shares of the company’s stock worth $85,866,000 after acquiring an additional 14,257 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Bread Financial by 21.6% in the fourth quarter. Allianz Asset Management GmbH now owns 1,147,366 shares of the company’s stock valued at $84,940,000 after acquiring an additional 203,707 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in Bread Financial by 14.7% in the first quarter. Hsbc Holdings PLC now owns 1,009,890 shares of the company’s stock valued at $74,667,000 after acquiring an additional 129,774 shares during the last quarter. Institutional investors 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.