Bread Financial Holdings, Inc. (NYSE:BFH – Get Free Report) Director John Fawcett acquired 698 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average cost of $86.43 per share, for a total transaction of $60,328.14. Following the acquisition, the director directly owned 11,000 shares in the company, valued at $950,730. This represents a 6.78% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Bread Financial Price Performance
Shares of NYSE BFH opened at $86.54 on Friday. The firm has a market capitalization of $3.50 billion, a P/E ratio of 7.09, a P/E/G ratio of 0.81 and a beta of 1.12. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.25. The stock’s 50-day simple moving average is $81.12 and its two-hundred day simple moving average is $75.06. Bread Financial Holdings, Inc. has a twelve month low of $49.17 and a twelve month high of $99.13.
Bread Financial (NYSE:BFH – Get Free Report) last announced its earnings results on Thursday, April 23rd. The company reported $4.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $1.18. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $992.05 million. Bread Financial had a return on equity of 18.79% and a net margin of 11.90%.The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.86 EPS. As a group, equities analysts anticipate that Bread Financial Holdings, Inc. will post 10.59 EPS for the current fiscal year.
Bread Financial Dividend Announcement
Bread Financial declared that its Board of Directors has authorized a share repurchase program on Thursday, February 26th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 19% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
Hedge Funds Weigh In On Bread Financial
Several institutional investors have recently modified their holdings of BFH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Bread Financial by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,589 shares of the company’s stock worth $1,482,000 after acquiring an additional 1,286 shares during the last quarter. Millennium Management LLC grew its position in Bread Financial by 46.5% during the 1st quarter. Millennium Management LLC now owns 345,902 shares of the company’s stock worth $17,323,000 after acquiring an additional 109,864 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Bread Financial by 104.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company’s stock worth $36,889,000 after acquiring an additional 376,920 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Bread Financial by 3.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,833 shares of the company’s stock worth $7,904,000 after acquiring an additional 4,624 shares during the last quarter. Finally, Strs Ohio bought a new position in Bread Financial during the 1st quarter worth approximately $65,000. 99.52% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on BFH shares. Bank of America set a $92.00 target price on Bread Financial and gave the stock an “overweight” rating in a research note on Wednesday, March 11th. Evercore restated an “outperform” rating and issued a $99.00 target price on shares of Bread Financial in a research note on Wednesday, April 29th. Barclays increased their price objective on Bread Financial from $67.00 to $70.00 and gave the company an “underweight” rating in a research report on Friday, April 24th. Wall Street Zen lowered Bread Financial from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Morgan Stanley set a $98.00 price objective on Bread Financial in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.25.
Check Out Our Latest Stock Report on BFH
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.
Featured Stories
- Five stocks we like better than Bread Financial
- Was Decker’s Double Beat a Bullish Signal—Or Mere HOKA’s-Pocus?
- Kiniksa Pharmaceuticals Still Has Room to Run After 100% Rally
- MarketBeat Week in Review – 05/18 – 05/22
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
Receive News & Ratings for Bread Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bread Financial and related companies with MarketBeat.com's FREE daily email newsletter.
