Brokerages Set Bread Financial Holdings, Inc. (NYSE:BFH) PT at $55.14

Shares of Bread Financial Holdings, Inc. (NYSE:BFH) have been assigned an average recommendation of “Hold” from the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $55.14.

A number of research analysts have commented on BFH shares. Morgan Stanley raised Bread Financial from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $35.00 to $76.00 in a report on Thursday, December 19th. Evercore ISI increased their target price on Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Bank of America reduced their target price on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Barclays reduced their target price on Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods increased their target price on Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a report on Monday, December 9th.

Insider Buying and Selling at Bread Financial

In other news, Director John J. Fawcett bought 1,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was purchased at an average cost of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the transaction, the director now owns 6,473 shares of the company’s stock, valued at $330,252.46. This trade represents a 18.27 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Bread Financial

Several large investors have recently bought and sold shares of BFH. Millennium Management LLC raised its position in Bread Financial by 81.6% in the second quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock valued at $65,245,000 after purchasing an additional 657,968 shares during the last quarter. Point72 Asset Management L.P. raised its position in Bread Financial by 152.9% in the second quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company’s stock valued at $28,772,000 after purchasing an additional 390,413 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Bread Financial by 30.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company’s stock worth $53,353,000 after acquiring an additional 260,283 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Bread Financial by 38.2% during the third quarter. Pzena Investment Management LLC now owns 880,827 shares of the company’s stock worth $41,910,000 after acquiring an additional 243,419 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Bread Financial by 22.4% during the second quarter. American Century Companies Inc. now owns 1,161,443 shares of the company’s stock worth $51,754,000 after acquiring an additional 212,276 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

Bread Financial Stock Performance

Shares of NYSE BFH opened at $59.22 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The stock’s fifty day moving average price is $60.70 and its two-hundred day moving average price is $54.22. Bread Financial has a one year low of $28.00 and a one year high of $66.71. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 9.43 and a beta of 1.94.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The firm had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. During the same period in the prior year, the company earned $3.46 earnings per share. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities analysts forecast that Bread Financial will post 7.5 EPS for the current year.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 8th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.42%. Bread Financial’s dividend payout ratio is currently 13.38%.

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.