Bread Financial (NYSE:BFH) Sets New 12-Month High – Here’s What Happened

Bread Financial Holdings, Inc. (NYSE:BFH) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $109.12 and last traded at $108.9990, with a volume of 877879 shares trading hands. The stock had previously closed at $106.27.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BFH shares. TD Cowen lifted their target price on Bread Financial from $80.00 to $95.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Bread Financial in a research report on Wednesday, June 10th. Loop Capital assumed coverage on Bread Financial in a research note on Thursday, May 21st. They set a “buy” rating and a $104.00 price objective on the stock. Royal Bank Of Canada boosted their target price on shares of Bread Financial from $105.00 to $115.00 and gave the company a “sector perform” rating in a research note on Friday, June 12th. Finally, Zacks Research raised shares of Bread Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $96.42.

Bread Financial Price Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $4.40 billion, a P/E ratio of 8.93, a price-to-earnings-growth ratio of 0.97 and a beta of 1.12. The business has a fifty day moving average of $92.34 and a 200-day moving average of $80.86.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $4.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $1.18. Bread Financial had a return on equity of 18.79% and a net margin of 11.90%.The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $992.05 million. During the same quarter in the previous year, the firm posted $2.86 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts forecast that Bread Financial Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.92 annualized dividend and a yield of 0.8%. Bread Financial’s dividend payout ratio is presently 7.53%.

Insider Activity at Bread Financial

In related news, Director John J. Fawcett bought 698 shares of the stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of $86.43 per share, with a total value of $60,328.14. Following the purchase, the director owned 11,000 shares in the company, valued at approximately $950,730. This represents a 6.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Roger H. Ballou sold 9,687 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $90.32, for a total value of $874,929.84. Following the completion of the sale, the director owned 30,079 shares of the company’s stock, valued at $2,716,735.28. This trade represents a 24.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bread Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new position in Bread Financial during the fourth quarter valued at $28,000. Cullen Frost Bankers Inc. bought a new position in shares of Bread Financial during the 4th quarter valued at $29,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Bread Financial by 141.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the company’s stock worth $31,000 after acquiring an additional 329 shares in the last quarter. Pacer Advisors Inc. boosted its position in Bread Financial by 58.7% during the first quarter. Pacer Advisors Inc. now owns 614 shares of the company’s stock worth $46,000 after purchasing an additional 227 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Bread Financial by 127.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock valued at $41,000 after purchasing an additional 398 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Bread Financial Company Profile

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.