Bread Financial Holdings, Inc. (NYSE:BFH) Receives $42.57 Consensus PT from Analysts

Shares of Bread Financial Holdings, Inc. (NYSE:BFH) have received an average recommendation of “Hold” from the eighteen ratings firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $42.57.

Several brokerages have recently weighed in on BFH. Jefferies Financial Group upped their target price on shares of Bread Financial from $35.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, July 9th. Barclays increased their price objective on shares of Bread Financial from $26.00 to $32.00 and gave the company an “underweight” rating in a research note on Tuesday, July 9th. Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Thursday, April 4th. Royal Bank of Canada increased their price objective on shares of Bread Financial from $38.00 to $45.00 and gave the company a “sector perform” rating in a research note on Thursday, June 20th. Finally, Argus downgraded shares of Bread Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.

Bread Financial Price Performance

Shares of BFH stock opened at $50.71 on Wednesday. The company has a market capitalization of $2.51 billion, a PE ratio of 6.39, a price-to-earnings-growth ratio of 0.23 and a beta of 1.98. The firm has a fifty day simple moving average of $43.35 and a 200-day simple moving average of $38.48. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. Bread Financial has a twelve month low of $26.08 and a twelve month high of $52.62.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.19). The firm had revenue of $991.00 million during 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%. Bread Financial’s revenue for the quarter was down 23.1% compared to the same quarter last year. During the same quarter last year, the company posted $9.08 earnings per share. Equities research analysts anticipate that Bread Financial will post 5.59 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 10th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.66%. Bread Financial’s payout ratio is currently 10.58%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. CWM LLC lifted its position in shares of Bread Financial by 47.5% in the 2nd quarter. CWM LLC now owns 1,708 shares of the company’s stock worth $76,000 after buying an additional 550 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Bread Financial by 19.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company’s stock valued at $124,000 after purchasing an additional 603 shares during the last quarter. Quadrature Capital Ltd lifted its position in Bread Financial by 2.4% in the 4th quarter. Quadrature Capital Ltd now owns 25,993 shares of the company’s stock valued at $856,000 after purchasing an additional 611 shares during the last quarter. ProShare Advisors LLC lifted its position in Bread Financial by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 10,011 shares of the company’s stock valued at $373,000 after purchasing an additional 688 shares during the last quarter. Finally, Texas Permanent School Fund Corp lifted its position in Bread Financial by 1.7% in the 1st quarter. Texas Permanent School Fund Corp now owns 43,174 shares of the company’s stock valued at $1,608,000 after purchasing an additional 721 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

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.