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 the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $106.12, for a total transaction of $297,348.24. Following the transaction, the director directly owned 4,458 shares of the company’s stock, valued at approximately $473,082.96. This represents a 38.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bread Financial Trading Down 0.6%

Shares of NYSE:BFH opened at $107.16 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.15 and a current ratio of 1.17. The stock’s 50-day moving average is $98.58 and its 200-day moving average is $84.76. The company has a market cap of $4.33 billion, a P/E ratio of 8.36, a P/E/G ratio of 0.70 and a beta of 1.10. Bread Financial Holdings, Inc. has a 52-week low of $53.83 and a 52-week high of $110.14.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $3.55 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.81. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%.The business had revenue of $992.00 million during the quarter, compared to analysts’ expectations of $959.32 million. During the same quarter in the previous year, the firm earned $3.15 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. Equities research analysts predict that Bread Financial Holdings, Inc. will post 11.82 earnings per share for the current year.

Bread Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

BFH has been the topic of a number of research reports. Bank of America reaffirmed a “buy” rating and set a $108.00 target price on shares of Bread Financial in a research report on Wednesday, June 10th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Bread Financial in a report on Wednesday, June 10th. Wall Street Zen raised shares of Bread Financial from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. TD Cowen increased their target price on shares of Bread Financial from $103.00 to $114.00 and gave the company a “hold” rating in a research note on Friday, July 24th. 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 issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Bread Financial has an average rating of “Hold” and a consensus target price of $110.00.

Institutional Investors Weigh In On Bread Financial

Several institutional investors and hedge funds have recently bought and sold shares of BFH. Millennium Management LLC lifted its holdings in shares of Bread Financial by 223.4% during the 4th quarter. Millennium Management LLC now owns 665,812 shares of the company’s stock worth $49,290,000 after acquiring an additional 459,916 shares during the period. Bank of America Corp DE increased its stake in Bread Financial by 241.1% in the second quarter. Bank of America Corp DE now owns 537,656 shares of the company’s stock valued at $30,711,000 after acquiring an additional 380,039 shares during the period. Goldman Sachs Group Inc. raised its position in Bread Financial by 104.8% in the first quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company’s stock worth $36,889,000 after purchasing an additional 376,920 shares in the last quarter. UBS Group AG lifted its stake in Bread Financial by 100.4% during the fourth quarter. UBS Group AG now owns 716,725 shares of the company’s stock worth $53,059,000 after purchasing an additional 359,088 shares during the period. Finally, SG Americas Securities LLC lifted its stake in Bread Financial by 899.4% during the first quarter. SG Americas Securities LLC now owns 350,061 shares of the company’s stock worth $26,216,000 after purchasing an additional 315,034 shares during the period. 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.