Insider Selling: Bread Financial (NYSE:BFH) Director Sells $297,348.24 in Stock

Bread Financial Holdings, Inc. (NYSE:BFH) Director Praniti Lakhwara sold 2,802 shares of Bread Financial 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 sale, the director directly owned 4,458 shares of the company’s stock, valued at $473,082.96. This represents a 38.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Bread Financial Stock Down 2.6%

Shares of Bread Financial stock opened at $107.69 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.25. Bread Financial Holdings, Inc. has a 12 month low of $53.83 and a 12 month high of $111.13. The business has a fifty day simple moving average of $99.51 and a 200 day simple moving average of $85.13. The stock has a market cap of $4.14 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 0.72 and a beta of 1.10.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.81. The firm had revenue of $992.00 million for the quarter, compared to analyst estimates of $959.32 million. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%.The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.15 earnings per share. Research analysts predict that Bread Financial Holdings, Inc. will post 11.82 EPS for the current year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.92 annualized dividend and a yield of 0.9%. Bread Financial’s dividend payout ratio (DPR) is presently 7.18%.

Analysts Set New Price Targets

Several brokerages have commented on BFH. Loop Capital assumed coverage on shares of Bread Financial in a research note on Thursday, May 21st. They issued a “buy” rating and a $104.00 target price for the company. The Goldman Sachs Group boosted their price target on shares of Bread Financial from $94.00 to $108.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. Weiss Ratings restated a “buy (b)” rating on shares of Bread Financial in a research report on Friday, July 24th. TD Cowen raised their price objective on Bread Financial from $103.00 to $114.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. Finally, Wall Street Zen upgraded Bread Financial from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $110.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BFH. Kemnay Advisory Services Inc. acquired a new stake in shares of Bread Financial during the fourth quarter worth $28,000. Cullen Frost Bankers Inc. bought a new stake in Bread Financial in the 4th quarter valued at $29,000. Northwestern Mutual Wealth Management Co. boosted its stake in Bread Financial by 141.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the company’s stock worth $31,000 after purchasing an additional 329 shares during the period. Pacer Advisors Inc. boosted its stake in Bread Financial by 58.7% in the 1st 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 increased its holdings in Bread Financial by 127.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock worth $41,000 after purchasing an additional 398 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

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.