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

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

Analysts Set New Price Targets

A number of research firms have issued reports on BFH. The Goldman Sachs Group raised their target price on Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. Jefferies Financial Group lifted their price objective on Bread Financial from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, July 9th. JPMorgan Chase & Co. upped their price objective on shares of Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Evercore ISI lowered their price target on shares of Bread Financial from $59.00 to $52.00 and set an “in-line” rating on the stock in a research report on Monday, October 7th. Finally, TD Cowen raised their price objective on shares of Bread Financial from $44.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $50.07.

Bread Financial Trading Down 3.1 %

The stock’s 50 day simple moving average is $51.85 and its 200 day simple moving average is $45.73. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $2.54 billion, a PE ratio of 6.44, a PEG ratio of 0.17 and a beta of 1.94.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, July 25th. The company reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $1.06. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The business had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $922.01 million. During the same quarter in the prior year, the firm earned $1.27 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts forecast that Bread Financial Holdings, Inc. will post 7.44 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The company also recently announced 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 1.64%. Bread Financial’s payout ratio is 10.58%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BFH. Wellington Management Group LLP boosted its stake in shares of Bread Financial by 7.8% in the 4th quarter. Wellington Management Group LLP now owns 2,107,253 shares of the company’s stock valued at $69,413,000 after purchasing an additional 152,954 shares in the last quarter. DGS Capital Management LLC purchased a new position in shares of Bread Financial in the first quarter worth about $368,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Bread Financial by 93.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,300 shares of the company’s stock valued at $272,000 after acquiring an additional 3,529 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Bread Financial by 24.7% during the 1st quarter. BNP Paribas Financial Markets now owns 438,744 shares of the company’s stock valued at $16,339,000 after acquiring an additional 86,921 shares during the period. Finally, Jennison Associates LLC bought a new position in Bread Financial during the 1st quarter worth approximately $631,000. 99.52% of the stock is currently owned by institutional investors.

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.