Bread Financial Holdings, Inc. (NYSE:BFH) Receives $79.08 Consensus Target Price from Brokerages

Bread Financial Holdings, Inc. (NYSE:BFH) has received an average rating of “Hold” from the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $78.8182.

Several brokerages have recently weighed in on BFH. TD Cowen restated a “hold” rating on shares of Bread Financial in a report on Thursday, January 8th. Evercore ISI set a $81.00 price target on shares of Bread Financial in a research report on Tuesday, January 6th. UBS Group assumed coverage on shares of Bread Financial in a report on Thursday, January 8th. They issued a “buy” rating and a $92.00 price target for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Bread Financial in a research report on Monday, December 29th. Finally, Morgan Stanley boosted their target price on shares of Bread Financial from $57.00 to $62.00 and gave the stock an “underweight” rating in a report on Tuesday.

Bread Financial Trading Up 0.6%

Shares of NYSE:BFH opened at $70.93 on Friday. The company has a 50 day moving average of $72.09 and a 200-day moving average of $65.11. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3.24 billion, a P/E ratio of 7.22, a P/E/G ratio of 0.46 and a beta of 1.27. Bread Financial has a twelve month low of $38.21 and a twelve month high of $82.03.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, October 23rd. The company reported $4.02 EPS for the quarter, topping the consensus estimate of $2.11 by $1.91. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $974.30 million. Bread Financial had a return on equity of 15.97% and a net margin of 10.08%.The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.83 earnings per share. As a group, analysts anticipate that Bread Financial will post 6.45 earnings per share for the current fiscal year.

Bread Financial declared that its board has initiated a stock buyback plan on Thursday, October 23rd that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Bread Financial

A number of hedge funds have recently modified their holdings of the stock. Curat Global LLC lifted its holdings in shares of Bread Financial by 81,068.5% during the second quarter. Curat Global LLC now owns 450,485 shares of the company’s stock valued at $25,732,000 after purchasing an additional 449,930 shares during the last quarter. Bank of America Corp DE raised its holdings in Bread Financial by 241.1% during the 2nd quarter. Bank of America Corp DE now owns 537,656 shares of the company’s stock worth $30,711,000 after buying an additional 380,039 shares during the period. Goldman Sachs Group Inc. lifted its stake in Bread Financial by 104.8% during the first quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company’s stock valued at $36,889,000 after buying an additional 376,920 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Bread Financial by 44.5% in the third quarter. Allianz Asset Management GmbH now owns 943,659 shares of the company’s stock worth $52,628,000 after buying an additional 290,803 shares during the period. Finally, Norges Bank purchased a new position in shares of Bread Financial in the second quarter worth approximately $16,599,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

About Bread Financial

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.