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
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
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.
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