Pacifica Capital Investments LLC Decreases Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Pacifica Capital Investments LLC cut its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 32.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,670 shares of the company’s stock after selling 28,915 shares during the quarter. Bread Financial makes up approximately 1.0% of Pacifica Capital Investments LLC’s portfolio, making the stock its 11th biggest position. Pacifica Capital Investments LLC owned 0.12% of Bread Financial worth $2,659,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pzena Investment Management LLC boosted its stake in Bread Financial by 14.0% during the 4th quarter. Pzena Investment Management LLC now owns 807,557 shares of the company’s stock worth $26,601,000 after purchasing an additional 99,029 shares during the period. Jennison Associates LLC acquired a new position in Bread Financial in the 1st quarter valued at about $631,000. Bridgeway Capital Management LLC grew its holdings in shares of Bread Financial by 10.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 528,003 shares of the company’s stock worth $17,392,000 after buying an additional 50,474 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Bread Financial in the 1st quarter worth approximately $623,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Bread Financial by 5.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 672,141 shares of the company’s stock valued at $22,140,000 after purchasing an additional 37,005 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BFH shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $67.00 target price on shares of Bread Financial in a report on Monday, June 17th. TD Cowen upped their target price on Bread Financial from $44.00 to $57.00 and gave the company a “hold” rating in a research report on Friday, July 26th. Bank of America boosted their price objective on Bread Financial from $54.00 to $61.00 and gave the company a “buy” rating in a report on Monday, August 19th. Barclays increased their target price on shares of Bread Financial from $32.00 to $37.00 and gave the stock an “underweight” rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. increased their price target on Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $50.00.

Bread Financial Stock Performance

NYSE:BFH traded up $1.13 during trading hours on Friday, hitting $57.85. 19,990 shares of the company traded hands, compared to its average volume of 819,367. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 7.14, a P/E/G ratio of 0.20 and a beta of 1.98. The firm has a 50-day moving average of $50.97 and a 200 day moving average of $42.94. Bread Financial Holdings, Inc. has a twelve month low of $26.08 and a twelve month high of $59.66.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, July 25th. The company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $1.60 by $1.06. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The business had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $922.01 million. During the same quarter last year, the company earned $1.27 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. On average, analysts forecast that Bread Financial Holdings, Inc. will post 7.49 EPS for the current year.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 9th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Friday, August 9th. Bread Financial’s dividend payout ratio (DPR) is presently 10.58%.

About Bread Financial

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.