Brokerages Set Bread Financial Holdings, Inc. (NYSE:BFH) Price Target at $49.64

Shares of Bread Financial Holdings, Inc. (NYSE:BFH) have received an average rating of “Hold” from the seventeen research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $50.00.

A number of equities research analysts have recently issued reports on the stock. 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. Compass Point increased their target price on Bread Financial from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Royal Bank of Canada boosted their price target on Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. JPMorgan Chase & Co. raised their price objective on Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Finally, TD Cowen boosted 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.

Insiders Place Their Bets

In other news, Director John J. Fawcett acquired 1,000 shares of Bread Financial stock in a transaction on Monday, October 28th. The stock was bought at an average cost of $51.02 per share, with a total value of $51,020.00. Following the completion of the purchase, the director now owns 6,473 shares of the company’s stock, valued at $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 available at this hyperlink. 0.62% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BFH. SG Americas Securities LLC acquired a new stake in shares of Bread Financial during the first quarter worth approximately $152,000. Sei Investments Co. grew its holdings in shares of Bread Financial by 58.5% during the 1st quarter. Sei Investments Co. now owns 84,317 shares of the company’s stock valued at $3,140,000 after acquiring an additional 31,122 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Bread Financial by 3.4% in the first quarter. Russell Investments Group Ltd. now owns 22,087 shares of the company’s stock worth $823,000 after acquiring an additional 722 shares during the last quarter. ProShare Advisors LLC raised 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 acquiring an additional 688 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in Bread Financial by 21.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 26,966 shares of the company’s stock valued at $987,000 after purchasing an additional 4,692 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Trading Down 0.7 %

Shares of BFH opened at $56.80 on Tuesday. The firm has a market capitalization of $2.82 billion, a P/E ratio of 9.11 and a beta of 1.94. Bread Financial has a twelve month low of $26.58 and a twelve month high of $63.01. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The stock’s fifty day simple moving average is $51.72 and its 200 day simple moving average is $48.71.

Bread Financial (NYSE:BFH) last posted its earnings results 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). The company had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. Bread Financial’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.46 EPS. On average, equities research analysts forecast that Bread Financial will post 7.67 earnings per share for the current year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be issued a $0.21 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.48%. Bread Financial’s payout ratio is currently 13.38%.

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.