Bread Financial (NYSE:BFH) Stock Price Down 3.3% - What's Next?

Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report)'s share price fell 3.3% during mid-day trading on Friday . The company traded as low as $50.87 and last traded at $51.06. 136,020 shares were traded during mid-day trading, a decline of 84% from the average session volume of 855,547 shares. The stock had previously closed at $52.81.

Wall Street Analyst Weigh In

BFH has been the subject of a number of analyst reports. Evercore ISI reduced their price objective on shares of Bread Financial from $59.00 to $52.00 and set an "in-line" rating for the company in a research note on Monday, October 7th. Royal Bank of Canada boosted their price objective on shares of Bread Financial from $47.00 to $58.00 and gave the stock a "sector perform" rating in a report on Friday, July 26th. Compass Point increased their target price on Bread Financial from $54.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Barclays reduced their price objective on Bread Financial from $37.00 to $35.00 and set an "underweight" rating for the company in a report on Tuesday, October 8th. Finally, Bank of America cut their target price on shares of Bread Financial from $61.00 to $57.00 and set a "buy" rating for the company in a research report on Wednesday, September 25th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $50.07.

Bread Financial Stock Performance

The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41. The company has a market cap of $2.54 billion, a P/E ratio of 6.44, a PEG ratio of 0.17 and a beta of 1.94. The business's 50 day simple moving average is $51.85 and its 200 day simple moving average is $45.55.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.66 EPS for the quarter, beating the consensus estimate of $1.60 by $1.06. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The firm had revenue of $939.00 million for the quarter, compared to the consensus estimate of $922.01 million. During the same period last year, the firm earned $1.27 EPS. The company's revenue was down 1.4% on a year-over-year basis. Sell-side analysts predict that Bread Financial Holdings, Inc. will post 7.44 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 9th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, August 9th. Bread Financial's dividend payout ratio is currently 10.58%.

Institutional Investors Weigh In On Bread Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Jennison Associates LLC bought a new stake in shares of Bread Financial in the first quarter worth about $631,000. GSA Capital Partners LLP purchased a new position in shares of Bread Financial in the first quarter valued at $623,000. Public Employees Retirement System of Ohio purchased a new stake in Bread Financial during the first quarter valued at $1,546,000. Wellington Management Group LLP grew its stake in shares of Bread Financial by 7.8% in the 4th quarter. Wellington Management Group LLP now owns 2,107,253 shares of the company's stock worth $69,413,000 after buying an additional 152,954 shares in the last quarter. Finally, UniSuper Management Pty Ltd purchased a new stake in shares of Bread Financial during the 1st quarter valued at about $383,000. Institutional investors 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.