Bread Financial (NYSE:BFH) Price Target Raised to $87.00

Bread Financial (NYSE:BFH) had its price target lifted by Compass Point from $75.00 to $87.00 in a research report sent to investors on Tuesday,Benzinga reports. Compass Point currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on BFH. Bank of America cut their target price on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Barclays cut their target price on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a research note on Friday, October 25th. Evercore ISI lifted their target price on shares of Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. TD Cowen lifted their target price on shares of Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Bread Financial has a consensus rating of “Hold” and a consensus target price of $57.07.

Bread Financial Price Performance

Shares of NYSE:BFH opened at $64.91 on Tuesday. The company’s fifty day moving average is $61.05 and its 200 day moving average is $54.87. Bread Financial has a 52 week low of $28.00 and a 52 week high of $66.71. The stock has a market cap of $3.23 billion, a PE ratio of 10.34 and a beta of 1.94. 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 quarterly earnings data on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The firm had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $981.26 million. During the same quarter in the previous year, the firm posted $3.46 EPS. Bread Financial’s revenue was down 4.7% compared to the same quarter last year. Research analysts anticipate that Bread Financial will post 7.64 earnings per share for the current year.

Insiders Place Their Bets

In other Bread Financial news, Director John J. Fawcett bought 1,000 shares of Bread Financial stock in a transaction on Monday, October 28th. The stock was acquired at an average cost of $51.02 per share, with a total value of $51,020.00. Following the completion of the acquisition, the director now owns 6,473 shares in the company, valued at approximately $330,252.46. This represents a 18.27 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Institutional Trading of Bread Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BFH. Millennium Management LLC increased its holdings in 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 buying an additional 657,968 shares during the last quarter. Point72 Asset Management L.P. boosted its position in shares of Bread Financial by 152.9% in the second 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 period. Jacobs Levy Equity Management Inc. boosted its position in shares of Bread Financial by 30.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company’s stock worth $53,353,000 after purchasing an additional 260,283 shares during the period. Pzena Investment Management LLC boosted its position in shares of Bread Financial by 38.2% in the third quarter. Pzena Investment Management LLC now owns 880,827 shares of the company’s stock worth $41,910,000 after purchasing an additional 243,419 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Bread Financial in the third quarter worth approximately $6,001,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

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.