Bread Financial (NYSE:BFH) Shares Gap Down to $53.91

Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $53.91, but opened at $52.67. Bread Financial shares last traded at $50.05, with a volume of 336,632 shares.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Compass Point boosted their target price on shares of Bread Financial from $54.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. BTIG Research began coverage on Bread Financial in a research report on Friday, June 7th. They issued a "neutral" rating for the company. Evercore ISI upgraded shares of Bread Financial from an "underperform" rating to an "in-line" rating and raised their price objective for the stock from $42.00 to $45.00 in a research note on Thursday, June 20th. TD Cowen upped their target price on shares of Bread Financial from $44.00 to $57.00 and gave the company a "hold" rating in a research note on Friday, July 26th. Finally, JMP Securities restated a "market perform" rating on shares of Bread Financial in a research report on Thursday, June 20th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Bread Financial presently has a consensus rating of "Hold" and a consensus target price of $50.00.

Bread Financial Price Performance

The company has a 50-day moving average of $51.64 and a 200 day moving average of $43.36. 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 $2.38 billion, a P/E ratio of 6.40, a P/E/G ratio of 0.19 and a beta of 1.95.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $1.06. The company had revenue of $939.00 million during the quarter, compared to analysts' expectations of $922.01 million. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The business's revenue was down 1.4% on a year-over-year basis. During the same period last year, the business earned $1.27 earnings per share. On average, sell-side analysts anticipate that Bread Financial Holdings, Inc. will post 7.49 EPS for the current year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 9th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, August 9th. Bread Financial's payout ratio is 10.58%.

Hedge Funds Weigh In On Bread Financial

A number of institutional investors and hedge funds have recently bought and sold shares of BFH. Millennium Management LLC boosted its position in Bread Financial by 81.6% in the 2nd quarter. Millennium Management LLC now owns 1,464,195 shares of the company's stock valued at $65,245,000 after buying an additional 657,968 shares during the last quarter. Norges Bank acquired a new stake in Bread Financial in the fourth quarter worth about $14,365,000. Point72 Asset Management L.P. boosted its stake in shares of Bread Financial by 152.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company's stock valued at $28,772,000 after purchasing an additional 390,413 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Bread Financial by 9.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,000,035 shares of the company's stock worth $98,823,000 after buying an additional 256,221 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Bread Financial by 86.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 485,113 shares of the company's stock valued at $18,066,000 after buying an additional 224,545 shares during the period. Institutional investors and hedge funds own 99.52% of the company's stock.

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.