Bread Financial Holdings, Inc. (NYSE:BFH) Receives $40.92 Average Price Target from Analysts

Bread Financial Holdings, Inc. (NYSE:BFH) has been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $40.92.

A number of brokerages recently issued reports on BFH. Evercore ISI upgraded shares of Bread Financial from an “underperform” rating to an “in-line” rating and upped their price objective for the stock from $42.00 to $45.00 in a report on Thursday, June 20th. BMO Capital Markets upped their price objective on shares of Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. BTIG Research began coverage on shares of Bread Financial in a report on Friday, June 7th. They set a “neutral” rating for the company. Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a report on Thursday, April 4th. Finally, Royal Bank of Canada upped their price target on shares of Bread Financial from $38.00 to $45.00 and gave the company a “sector perform” rating in a report on Thursday, June 20th.

Bread Financial Trading Up 0.1 %

Bread Financial stock opened at $44.02 on Friday. The company’s fifty day simple moving average is $39.82 and its 200-day simple moving average is $36.70. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. Bread Financial has a 12 month low of $26.08 and a 12 month high of $45.08. The stock has a market cap of $2.18 billion, a P/E ratio of 5.54, a P/E/G ratio of 0.20 and a beta of 1.94.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, April 25th. The company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.19). The company had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The company’s revenue was down 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $9.08 earnings per share. As a group, sell-side analysts forecast that Bread Financial will post 5.63 EPS for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 10th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, May 9th. Bread Financial’s dividend payout ratio (DPR) is presently 10.58%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BFH. Allspring Global Investments Holdings LLC increased its holdings in shares of Bread Financial by 19.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company’s stock worth $124,000 after buying an additional 603 shares in the last quarter. Quadrature Capital Ltd increased its holdings in shares of Bread Financial by 2.4% during the fourth quarter. Quadrature Capital Ltd now owns 25,993 shares of the company’s stock worth $856,000 after buying an additional 611 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Bread Financial by 7.4% during the first quarter. ProShare Advisors LLC now owns 10,011 shares of the company’s stock worth $373,000 after buying an additional 688 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of Bread Financial by 1.7% during the first quarter. Texas Permanent School Fund Corp now owns 43,174 shares of the company’s stock worth $1,608,000 after buying an additional 721 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Bread Financial by 3.4% during the first quarter. Russell Investments Group Ltd. now owns 22,087 shares of the company’s stock worth $823,000 after buying an additional 722 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

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.