Bread Financial (NYSE:BFH) Sets New 52-Week High After Analyst Upgrade

Shares of Bread Financial Holdings, Inc. (NYSE:BFH) hit a new 52-week high during mid-day trading on Tuesday after Jefferies Financial Group raised their price target on the stock from $35.00 to $45.00. Jefferies Financial Group currently has a hold rating on the stock. Bread Financial traded as high as $46.39 and last traded at $46.07, with a volume of 199294 shares changing hands. The stock had previously closed at $44.93.

A number of other equities research analysts have also commented on BFH. Argus lowered shares of Bread Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. 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 report on Thursday, June 20th. Barclays lifted their price target on shares of Bread Financial from $26.00 to $32.00 and gave the company an “underweight” rating in a research note on Tuesday. BTIG Research assumed coverage on shares of Bread Financial in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. Finally, Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research note on Thursday, April 4th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $41.69.

Institutional Trading of Bread Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC bought a new stake in shares of Bread Financial during the 1st quarter worth about $33,000. CWM LLC boosted its holdings in shares of Bread Financial by 47.5% during the 2nd quarter. CWM LLC now owns 1,708 shares of the company’s stock worth $76,000 after buying an additional 550 shares during the period. National Bank of Canada FI boosted its holdings in shares of Bread Financial by 1,280.6% during the 4th quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock worth $80,000 after buying an additional 2,241 shares during the period. Pinnacle Holdings LLC bought a new stake in Bread Financial in the 4th quarter valued at about $83,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Bread Financial by 19.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company’s stock valued at $124,000 after purchasing an additional 603 shares during the period. Institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Up 0.3 %

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $2.29 billion, a P/E ratio of 5.82, a P/E/G ratio of 0.20 and a beta of 1.98. The stock’s fifty day simple moving average is $42.06 and its 200-day simple moving average is $37.68.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). The business had revenue of $991.00 million during the quarter, compared to the consensus estimate of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The business’s revenue for the quarter was down 23.1% on a year-over-year basis. During the same period in the prior year, the firm earned $9.08 EPS. As a group, research analysts forecast that Bread Financial Holdings, Inc. will post 5.64 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 10th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Thursday, May 9th. Bread Financial’s payout ratio is presently 10.58%.

About Bread Financial

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.