Barclays Cuts Bread Financial (NYSE:BFH) Price Target to $34.00

Bread Financial (NYSE:BFH) had its price objective decreased by Barclays from $35.00 to $34.00 in a research note released on Friday, Benzinga reports. Barclays currently has an underweight rating on the stock.

A number of other equities research analysts also recently issued reports on the company. 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 research report on Monday, July 29th. Jefferies Financial Group raised their price target on Bread Financial from $35.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, July 9th. Compass Point lifted their price objective on shares of Bread Financial from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Royal Bank of Canada increased their target price on shares of Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Finally, Bank of America dropped their price target on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $50.00.

Bread Financial Stock Down 1.4 %

NYSE BFH opened at $49.38 on Friday. The stock has a 50 day moving average price of $51.66 and a 200-day moving average price of $46.23. Bread Financial has a one year low of $26.08 and a one year high of $59.66. The company has a market capitalization of $2.45 billion, a P/E ratio of 6.22, a P/E/G ratio of 0.17 and a beta of 1.94. 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 (NYSE:BFH) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). The business had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $981.26 million. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.46 earnings per share. As a group, equities analysts predict that Bread Financial will post 7.44 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be paid a $0.21 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.84 annualized dividend and a yield of 1.70%. Bread Financial’s dividend payout ratio (DPR) is currently 10.58%.

Hedge Funds Weigh In On Bread Financial

Several institutional investors have recently made changes to their positions in the company. Pallas Capital Advisors LLC lifted its position in shares of Bread Financial by 6.2% in the 3rd quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company’s stock worth $239,000 after purchasing an additional 278 shares during the period. Semanteon Capital Management LP bought a new position in Bread Financial in the third quarter worth approximately $321,000. DekaBank Deutsche Girozentrale lifted its holdings in Bread Financial by 169.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 11,131 shares of the company’s stock worth $515,000 after buying an additional 7,000 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Bread Financial by 47.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,629 shares of the company’s stock valued at $268,000 after acquiring an additional 1,808 shares in the last quarter. Finally, Stratos Wealth Advisors LLC increased its holdings in shares of Bread Financial by 5.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 39,062 shares of the company’s stock valued at $1,859,000 after acquiring an additional 2,065 shares during the period. Hedge funds and other institutional investors 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.