Seven Eight Capital LP Takes $553,000 Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Seven Eight Capital LP bought a new stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,410 shares of the company’s stock, valued at approximately $553,000.

Other large investors have also recently made changes to their positions in the company. Jennison Associates LLC purchased a new position in shares of Bread Financial during the first quarter valued at approximately $631,000. Bridgeway Capital Management LLC lifted its holdings in shares of Bread Financial by 10.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 528,003 shares of the company’s stock valued at $17,392,000 after purchasing an additional 50,474 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Bread Financial during the first quarter valued at approximately $623,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Bread Financial by 5.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 672,141 shares of the company’s stock valued at $22,140,000 after purchasing an additional 37,005 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Bread Financial during the first quarter valued at approximately $1,546,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Bread Financial Trading Down 1.1 %

NYSE:BFH opened at $52.47 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41. Bread Financial Holdings, Inc. has a 12 month low of $26.08 and a 12 month high of $59.66. The company has a market cap of $2.60 billion, a PE ratio of 6.61, a price-to-earnings-growth ratio of 0.16 and a beta of 1.95. The company has a 50 day simple moving average of $52.38 and a two-hundred day simple moving average of $44.11.

Bread Financial (NYSE:BFH) 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. 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 during the quarter, compared to the consensus estimate of $922.01 million. During the same quarter in the previous year, the firm posted $1.27 EPS. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. Research analysts forecast that Bread Financial Holdings, Inc. will post 7.49 earnings per share for the current year.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 9th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, August 9th. Bread Financial’s payout ratio is 10.58%.

Wall Street Analysts Forecast Growth

BFH has been the subject of several analyst reports. Jefferies Financial Group raised their price target on shares of Bread Financial from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, July 9th. Barclays raised their price target on shares of Bread Financial from $32.00 to $37.00 and gave the company an “underweight” rating in a research report on Friday, July 26th. Evercore ISI raised shares of Bread Financial from an “underperform” rating to an “in-line” rating and raised their price target for the company from $42.00 to $45.00 in a research report on Thursday, June 20th. BTIG Research initiated coverage on shares of Bread Financial in a research report on Friday, June 7th. They set a “neutral” rating for the company. Finally, JMP Securities reissued a “market perform” rating on shares of Bread Financial in a research report on Thursday, June 20th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $50.00.

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.