Bread Financial Holdings, Inc. (NYSE:BFH) Receives $53.54 Consensus PT from Brokerages

Bread Financial Holdings, Inc. (NYSE:BFH) has received an average rating of “Hold” from the sixteen research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $53.54.

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price target on Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. TD Cowen boosted their target price on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Evercore ISI raised their price target on Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. The Goldman Sachs Group upped their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a report on Tuesday, November 19th. Finally, Barclays dropped their price objective on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a research report on Friday, October 25th.

Insider Activity

In other news, Director John J. Fawcett acquired 1,000 shares of Bread Financial stock in a transaction that occurred on Monday, October 28th. The shares were acquired at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the transaction, the director now directly owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. The trade was a 18.27 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bread Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in shares of Bread Financial by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company’s stock valued at $141,386,000 after buying an additional 70,092 shares during the period. American Century Companies Inc. increased 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 valued at $51,754,000 after purchasing an additional 212,276 shares during the period. Point72 Asset Management L.P. raised its holdings in Bread Financial by 152.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company’s stock worth $28,772,000 after purchasing an additional 390,413 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Bread Financial in the 3rd quarter worth approximately $576,000. Finally, Natixis Advisors LLC bought a new stake in shares of Bread Financial in the 2nd quarter valued at $582,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Stock Performance

Shares of BFH stock opened at $66.32 on Friday. The firm has a market cap of $3.30 billion, a PE ratio of 10.56 and a beta of 1.96. Bread Financial has a 12 month low of $28.00 and a 12 month high of $66.71. The company’s fifty day simple moving average is $55.98 and its 200-day simple moving average is $51.16. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.03). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The company had revenue of $983.00 million for the quarter, compared to the consensus estimate of $981.26 million. During the same quarter in the previous year, the company posted $3.46 EPS. The business’s revenue was down 4.7% on a year-over-year basis. Equities research analysts expect that Bread Financial will post 7.5 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 8th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Friday, November 8th. Bread Financial’s dividend payout ratio is presently 13.38%.

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.