Bread Financial Holdings, Inc. (NYSE:BFH) Receives $39.17 Consensus PT from Analysts

Bread Financial Holdings, Inc. (NYSE:BFH) has received a consensus rating of “Reduce” from the fourteen analysts that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $39.17.

Several equities analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Bread Financial from $31.00 to $33.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Keefe, Bruyette & Woods upgraded shares of Bread Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $38.00 to $67.00 in a report on Thursday. JPMorgan Chase & Co. upped their target price on shares of Bread Financial from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Barclays dropped their price target on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a research report on Tuesday, April 9th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $36.00 price objective on shares of Bread Financial in a report on Friday, January 26th.

Bread Financial Stock Down 1.0 %

Shares of NYSE BFH opened at $40.81 on Friday. Bread Financial has a 12-month low of $23.19 and a 12-month high of $41.89. The stock has a market cap of $2.02 billion, a PE ratio of 5.14, a P/E/G ratio of 0.18 and a beta of 1.92. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $36.73 and a 200 day moving average of $33.36.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.19). The business 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 firm’s revenue was down 23.1% on a year-over-year basis. During the same period in the prior year, the company posted $9.08 EPS. As a group, sell-side analysts predict that Bread Financial will post 5.72 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 10th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Thursday, May 9th. Bread Financial’s dividend payout ratio is currently 10.58%.

Hedge Funds Weigh In On Bread Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. National Bank of Canada FI raised its holdings in Bread Financial by 1,280.6% in the fourth quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock valued at $80,000 after acquiring an additional 2,241 shares in the last quarter. Pinnacle Holdings LLC purchased a new stake in shares of Bread Financial in the 4th quarter valued at approximately $83,000. Allspring Global Investments Holdings LLC increased its position in shares of Bread Financial by 25.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,168 shares of the company’s stock valued at $108,000 after purchasing an additional 633 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Bread Financial in the 3rd quarter valued at $116,000. Finally, Quest Partners LLC purchased a new stake in shares of Bread Financial during the 4th quarter worth $145,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

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.