Bread Financial Holdings, Inc. (NYSE:BFH) Receives $53.54 Average Target Price from Brokerages

Bread Financial Holdings, Inc. (NYSE:BFH) has earned an average rating of “Hold” from the sixteen brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $53.54.

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Evercore ISI upped their price objective on Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. TD Cowen lifted their target price on Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a report on Monday, October 28th. Barclays dropped their price target on Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a research note on Friday, October 25th. Finally, Bank of America reduced their price objective on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th.

Bread Financial Price Performance

Shares of NYSE:BFH opened at $60.69 on Friday. Bread Financial has a 12 month low of $28.00 and a 12 month high of $66.71. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 9.66 and a beta of 1.96. The business’s 50 day simple moving average is $56.67 and its 200-day simple moving average is $51.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data 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). The company had revenue of $983.00 million for the quarter, compared to analyst estimates of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.46 earnings per share. As a group, equities analysts forecast that Bread Financial will post 7.5 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 8th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a yield of 1.38%. Bread Financial’s dividend payout ratio is currently 13.38%.

Insider Buying and Selling at Bread Financial

In other Bread Financial news, Director John J. Fawcett bought 1,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were purchased at an average cost of $51.02 per share, for a total transaction of $51,020.00. Following the transaction, the director now directly owns 6,473 shares in the company, valued at $330,252.46. The trade was a 18.27 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.62% of the stock is currently owned by company insiders.

Institutional Trading of Bread Financial

A number of large investors have recently added to or reduced their stakes in the business. World Investment Advisors LLC purchased a new position in shares of Bread Financial in the third quarter worth approximately $810,000. Dimensional Fund Advisors LP grew its holdings in shares of Bread Financial by 2.3% during 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 in the last quarter. American Century Companies Inc. lifted its stake in Bread Financial by 22.4% in the 2nd quarter. American Century Companies Inc. now owns 1,161,443 shares of the company’s stock worth $51,754,000 after acquiring an additional 212,276 shares in the last quarter. Point72 Asset Management L.P. boosted its position 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 acquiring an additional 390,413 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Bread Financial during the 3rd quarter valued at about $576,000. 99.52% of the stock is currently owned by institutional investors.

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.