Analysts Set Bread Financial Holdings, Inc. (NYSE:BFH) Price Target at $44.88

Bread Financial Holdings, Inc. (NYSE:BFH – Get Rating) has earned a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $44.88.

BFH has been the topic of a number of research reports. Keefe, Bruyette & Woods cut Bread Financial from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $35.00 to $30.00 in a research report on Tuesday, April 11th. The Goldman Sachs Group lowered their price objective on Bread Financial from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 5th. Stephens restated an “overweight” rating and set a $64.00 price objective on shares of Bread Financial in a research report on Friday, March 10th. Finally, Morgan Stanley lowered their price objective on Bread Financial from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 5th.

Insider Activity at Bread Financial

In other Bread Financial news, major shareholder Turtle Creek Asset Management acquired 150,000 shares of Bread Financial stock in a transaction on Monday, May 8th. The shares were bought at an average price of $25.17 per share, with a total value of $3,775,500.00. Following the completion of the purchase, the insider now owns 4,495,972 shares in the company, valued at $113,163,615.24. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 553,511 shares of company stock valued at $14,855,962 in the last 90 days. 0.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bread Financial

Several large investors have recently made changes to their positions in the company. Quantinno Capital Management LP bought a new stake in Bread Financial in the third quarter valued at about $224,000. Brandywine Global Investment Management LLC bought a new stake in Bread Financial in the third quarter valued at about $3,142,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Bread Financial by 19.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,994 shares of the company’s stock valued at $263,000 after purchasing an additional 1,134 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Bread Financial in the third quarter valued at about $2,130,000. Finally, Swiss National Bank increased its holdings in shares of Bread Financial by 1.9% in the fourth quarter. Swiss National Bank now owns 120,323 shares of the company’s stock worth $4,531,000 after acquiring an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 96.62% of the company’s stock.

Bread Financial Stock Performance

Shares of NYSE BFH opened at $29.13 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $28.04 and its two-hundred day moving average is $35.15. The company has a market cap of $1.46 billion, a P/E ratio of 3.12, a P/E/G ratio of 0.08 and a beta of 1.92. Bread Financial has a 12 month low of $23.19 and a 12 month high of $55.87.

Bread Financial (NYSE:BFH – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The company reported $9.08 EPS for the quarter, topping the consensus estimate of $7.11 by $1.97. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.06 billion. Bread Financial had a return on equity of 19.35% and a net margin of 9.66%. The company’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.21 EPS. On average, equities analysts expect that Bread Financial will post 11.68 EPS for the current year.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, May 12th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Thursday, May 11th. Bread Financial’s dividend payout ratio is 8.99%.

Bread Financial Company Profile

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Bread Financial Holdings, Inc engages in the provision of payment, lending, and saving solutions. The firm also offers private label and co-brand credit cards and buy now, pay later products such as installment loans and split-pay offerings. The company was founded in 1996 and is headquartered in Columbus, OH.