Bread Financial (NYSE:BFH) Price Target Raised to $50.00

Bread Financial (NYSE:BFH) had its price objective hoisted by TD Cowen from $48.00 to $50.00 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other research firms also recently commented on BFH. The Goldman Sachs Group upped their price objective on Bread Financial from $40.00 to $53.00 and gave the company a “sell” rating in a report on Monday, July 29th. Jefferies Financial Group upped their price objective 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. Bank of America decreased their target price on Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Barclays dropped their price target on Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a research report on Friday, October 25th. Finally, Evercore ISI decreased their price objective on Bread Financial from $59.00 to $52.00 and set an “in-line” rating for the company in a research report on Monday, October 7th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $49.64.

Bread Financial Trading Up 1.7 %

Shares of BFH opened at $50.95 on Monday. The stock has a fifty day moving average price of $51.47 and a two-hundred day moving average price of $46.53. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.19 and a current ratio of 1.19. Bread Financial has a 52-week low of $26.08 and a 52-week high of $59.66. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 0.17 and a beta of 1.94.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.03). The company had revenue of $983.00 million during the quarter, compared to the consensus estimate of $981.26 million. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.46 EPS. Analysts predict that Bread Financial will post 7.44 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.65%. Bread Financial’s dividend payout ratio is 13.38%.

Insider Buying and Selling at Bread Financial

In other Bread Financial news, Director John J. Fawcett purchased 1,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were bought at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the purchase, the director now owns 6,473 shares in the company, valued at approximately $330,252.46. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Bread Financial

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Bread Financial by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock valued at $217,766,000 after purchasing an additional 216,274 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Bread Financial by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company’s stock worth $141,386,000 after purchasing an additional 70,092 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Bread Financial by 81.6% during the second quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock valued at $65,245,000 after purchasing an additional 657,968 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Bread Financial by 6.1% in the second quarter. Victory Capital Management Inc. now owns 1,249,669 shares of the company’s stock valued at $55,685,000 after buying an additional 71,777 shares during the period. Finally, American Century Companies Inc. boosted its position in Bread Financial by 22.4% during the 2nd quarter. American Century Companies Inc. now owns 1,161,443 shares of the company’s stock worth $51,754,000 after buying an additional 212,276 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

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.