Key Points
- Director John Fawcett bought 698 shares of Bread Financial on May 21 at an average price of $86.43, a $60,328 purchase that increased his holdings by 6.78% to 11,000 shares.
- Bread Financial recently beat quarterly earnings expectations, reporting $4.18 EPS versus the $3.00 consensus and revenue of $1.02 billion, up 4.9% year over year.
- The company has authorized a $600 million stock buyback and declared a quarterly dividend of $0.23 per share, equal to a 1.1% annualized yield.
Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) Director John Fawcett purchased 698 shares of Bread Financial stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of $86.43 per share, for a total transaction of $60,328.14. Following the completion of the transaction, the director owned 11,000 shares in the company, valued at $950,730. The trade was a 6.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Bread Financial Price Performance
BFH opened at $86.54 on Friday. The stock's 50 day simple moving average is $81.12 and its 200 day simple moving average is $75.06. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.15 and a quick ratio of 1.15. Bread Financial Holdings, Inc. has a 1 year low of $49.17 and a 1 year high of $99.13. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 0.81 and a beta of 1.12.
Bread Financial (NYSE:BFH - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $4.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $1.18. Bread Financial had a return on equity of 18.79% and a net margin of 11.90%.The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $992.05 million. During the same period last year, the company earned $2.86 EPS. Bread Financial's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, analysts predict that Bread Financial Holdings, Inc. will post 10.59 earnings per share for the current year.
Bread Financial announced that its board has authorized a stock repurchase program on Thursday, February 26th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the company to reacquire up to 19% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.
Bread Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.23 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.92 annualized dividend and a yield of 1.1%. Bread Financial's dividend payout ratio (DPR) is 7.53%.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Wall Street Zen cut Bread Financial from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 21st. 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. Bank of America set a $92.00 target price on Bread Financial and gave the company an "overweight" rating in a research note on Wednesday, March 11th. Keefe, Bruyette & Woods raised their target price on Bread Financial from $100.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday, April 24th. Finally, Royal Bank Of Canada set a $105.00 target price on Bread Financial in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $94.25.
Get Our Latest Report on BFH
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in BFH. AlphaQuest LLC purchased a new position in Bread Financial during the third quarter valued at $1,620,000. Public Sector Pension Investment Board raised its stake in Bread Financial by 12.2% during the third quarter. Public Sector Pension Investment Board now owns 209,029 shares of the company's stock valued at $11,658,000 after buying an additional 22,745 shares during the last quarter. Allianz Asset Management GmbH raised its stake in Bread Financial by 44.5% during the third quarter. Allianz Asset Management GmbH now owns 943,659 shares of the company's stock valued at $52,628,000 after buying an additional 290,803 shares during the last quarter. Brooktree Capital Management raised its stake in Bread Financial by 5.1% during the third quarter. Brooktree Capital Management now owns 164,084 shares of the company's stock valued at $9,151,000 after buying an additional 8,002 shares during the last quarter. Finally, Hudson Bay Capital Management LP purchased a new position in Bread Financial during the third quarter valued at $14,090,000. Hedge funds and other institutional investors own 99.52% of the company's stock.
About Bread Financial
(
Get Free Report)
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.
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