Bread Financial Holdings, Inc. (NYSE:BFH) Receives $39.17 Average Price Target from Analysts

Shares of Bread Financial Holdings, Inc. (NYSE:BFHGet Free Report) have been given a consensus rating of “Reduce” by the fourteen brokerages that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $39.17.

Several analysts recently commented on the stock. Keefe, Bruyette & Woods raised shares of Bread Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $38.00 to $67.00 in a research report on Thursday, May 2nd. Barclays reduced 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. Wolfe Research raised Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research report on Thursday, April 4th. Argus downgraded Bread Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, BMO Capital Markets upped their target price on shares of Bread Financial from $31.00 to $33.00 and gave the company a “market perform” rating in a research note on Friday, April 26th.

Read Our Latest Research Report on Bread Financial

Hedge Funds Weigh In On Bread Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its holdings in Bread Financial by 25.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,168 shares of the company’s stock worth $108,000 after acquiring an additional 633 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Bread Financial by 2.7% during the 3rd quarter. Victory Capital Management Inc. now owns 206,056 shares of the company’s stock valued at $7,047,000 after purchasing an additional 5,459 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Bread Financial during the 3rd quarter valued at $229,000. Illinois Municipal Retirement Fund purchased a new position in shares of Bread Financial during the 3rd quarter valued at $990,000. Finally, Jump Financial LLC boosted its holdings in Bread Financial by 18.4% in the 3rd quarter. Jump Financial LLC now owns 69,571 shares of the company’s stock worth $2,379,000 after buying an additional 10,799 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Bread Financial Price Performance

BFH stock opened at $41.15 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a 50 day moving average price of $37.99 and a 200-day moving average price of $35.01. Bread Financial has a 52-week low of $26.08 and a 52-week high of $42.73. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 5.18, a PEG ratio of 0.19 and a beta of 1.92.

Bread Financial (NYSE:BFHGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The company had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $998.96 million. During the same quarter in the previous year, the firm posted $9.08 EPS. The firm’s quarterly revenue was down 23.1% compared to the same quarter last year. Equities research analysts forecast that Bread Financial will post 5.58 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Thursday, May 9th. Bread Financial’s dividend payout ratio is presently 10.58%.

About Bread Financial

(Get Free Report

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.

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Analyst Recommendations for Bread Financial (NYSE:BFH)

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