Bread Financial (NYSE:BFH) Trading Down 3.3% – Should You Sell?

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

Analyst Ratings Changes

BFH has been the topic of several research reports. JMP Securities reissued a “market perform” rating on shares of Bread Financial in a research note on Thursday, June 20th. Compass Point raised their price objective on shares of Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Evercore ISI cut their target price on shares of Bread Financial from $59.00 to $52.00 and set an “in-line” rating on the stock in a research note on Monday, October 7th. Jefferies Financial Group raised their price target on shares of Bread Financial from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, July 9th. Finally, Barclays cut their price objective on Bread Financial from $37.00 to $35.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.07.

Bread Financial Stock Down 2.5 %

The company has a market capitalization of $2.55 billion, a PE ratio of 6.65, a P/E/G ratio of 0.17 and a beta of 1.94. 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 firm has a 50 day simple moving average of $51.85 and a two-hundred day simple moving average of $45.55.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $1.06. The firm had revenue of $939.00 million for the quarter, compared to analyst estimates of $922.01 million. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. Bread Financial’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm posted $1.27 EPS. Research analysts expect that Bread Financial Holdings, Inc. will post 7.44 EPS for the current year.

Bread Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors 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 dividend on an annualized basis and a yield of 1.63%. Bread Financial’s payout ratio is currently 10.58%.

Institutional Investors Weigh In On Bread Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of BFH. GAMMA Investing LLC increased its holdings in shares of Bread Financial by 33.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock valued at $49,000 after purchasing an additional 260 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Bread Financial by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 13,836 shares of the company’s stock worth $617,000 after acquiring an additional 279 shares during the period. Point72 DIFC Ltd raised its holdings in Bread Financial by 30.0% during the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after purchasing an additional 397 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Bread Financial by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the company’s stock valued at $1,110,000 after purchasing an additional 500 shares during the last quarter. Finally, CWM LLC increased its position in shares of Bread Financial by 47.5% in the second quarter. CWM LLC now owns 1,708 shares of the company’s stock valued at $76,000 after buying an additional 550 shares in the last quarter. Institutional investors and hedge funds 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.