Bread Financial Holdings, Inc. (NYSE:BFH) Receives $40.92 Average Price Target from Brokerages

by · The Cerbat Gem

Bread Financial Holdings, Inc. (NYSE:BFH – Get Free Report) has received an average recommendation of “Hold” from the sixteen brokerages that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $40.92.

A number of brokerages recently weighed in on BFH. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $67.00 price target on shares of Bread Financial in a report on Monday, June 17th. BTIG Research assumed coverage on shares of Bread Financial in a report on Friday, June 7th. They set a “neutral” rating for the company. Evercore ISI raised shares of Bread Financial from an “underperform” rating to an “in-line” rating and lifted their target price for the stock from $42.00 to $45.00 in a report on Thursday, June 20th. Wolfe Research raised shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a report on Thursday, April 4th. Finally, BMO Capital Markets lifted their target price on shares of Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a report on Friday, April 26th.

Check Out Our Latest Report on BFH

Bread Financial Stock Performance

Shares of Bread Financial stock opened at $44.56 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $2.21 billion, a P/E ratio of 5.61, a P/E/G ratio of 0.20 and a beta of 1.94. The firm has a 50 day simple moving average of $40.64 and a 200 day simple moving average of $36.98. Bread Financial has a fifty-two week low of $26.08 and a fifty-two week high of $45.46.

Bread Financial (NYSE:BFH – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). The company had revenue of $991.00 million during the quarter, compared to analyst estimates of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The business’s revenue for the quarter was down 23.1% on a year-over-year basis. During the same period in the prior year, the business earned $9.08 EPS. Sell-side analysts predict that Bread Financial will post 5.63 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 10th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Thursday, May 9th. Bread Financial’s dividend payout ratio (DPR) is 10.58%.

Institutional Investors Weigh In On Bread Financial

Institutional investors have recently added to or reduced their stakes in the stock. Denali Advisors LLC lifted its position in Bread Financial by 46.8% in the 4th quarter. Denali Advisors LLC now owns 153,402 shares of the company’s stock valued at $5,053,000 after acquiring an additional 48,900 shares in the last quarter. Pzena Investment Management LLC lifted its position in Bread Financial by 14.0% in the 4th quarter. Pzena Investment Management LLC now owns 807,557 shares of the company’s stock valued at $26,601,000 after acquiring an additional 99,029 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in Bread Financial by 10.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 528,003 shares of the company’s stock valued at $17,392,000 after acquiring an additional 50,474 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Bread Financial by 5.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 672,141 shares of the company’s stock valued at $22,140,000 after acquiring an additional 37,005 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Bread Financial by 7.8% in the 4th quarter. Wellington Management Group LLP now owns 2,107,253 shares of the company’s stock valued at $69,413,000 after acquiring an additional 152,954 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

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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