Bread Financial Holdings, Inc. (NYSE:BFH) Receives Consensus Rating of “Hold” from Analysts

Shares of Bread Financial Holdings, Inc. (NYSE:BFH) have earned an average recommendation of “Hold” from the seventeen research firms that are covering the stock, Marketbeat Ratings reports. Three investment 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 price target among brokerages that have updated their coverage on the stock in the last year is $50.00.

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $67.00 target price on shares of Bread Financial in a research report on Monday, June 17th. The Goldman Sachs Group upped their price objective on shares of Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a report on Monday, July 29th. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a report on Thursday, June 20th. Royal Bank of Canada upped their price target on Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Finally, Barclays lifted their price objective on Bread Financial from $32.00 to $37.00 and gave the company an “underweight” rating in a research note on Friday, July 26th.

Bread Financial Stock Down 2.4 %

NYSE BFH opened at $46.77 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.41. Bread Financial has a 52 week low of $26.08 and a 52 week high of $59.66. The business’s fifty day simple moving average is $51.68 and its 200-day simple moving average is $43.44. The firm has a market cap of $2.32 billion, a PE ratio of 5.89, a P/E/G ratio of 0.19 and a beta of 1.95.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, July 25th. The company reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $1.06. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The company had revenue of $939.00 million for the quarter, compared to the consensus estimate of $922.01 million. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 earnings per share. As a group, equities analysts anticipate that Bread Financial will post 7.49 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 9th 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 1.80%. The ex-dividend date of this dividend is Friday, August 9th. Bread Financial’s dividend payout ratio is presently 10.58%.

Institutional Trading of Bread Financial

Several hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC grew its holdings in Bread Financial by 81.6% during the 2nd quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock worth $65,245,000 after acquiring an additional 657,968 shares in the last quarter. Norges Bank acquired a new position in shares of Bread Financial during the fourth quarter worth $14,365,000. Point72 Asset Management L.P. grew its stake in shares of Bread Financial by 152.9% during the second quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company’s stock worth $28,772,000 after purchasing an additional 390,413 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Bread Financial by 9.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,000,035 shares of the company’s stock valued at $98,823,000 after buying an additional 256,221 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Bread Financial by 86.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 485,113 shares of the company’s stock valued at $18,066,000 after buying an additional 224,545 shares in the last quarter. Institutional investors and hedge funds 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.