Bread Financial Holdings, Inc. (NYSE:BFH) Receives $81.08 Consensus Target Price from Analysts

Bread Financial Holdings, Inc. (NYSE:BFH) has been given an average recommendation of “Hold” by the fifteen ratings firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given 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 $81.0833.

A number of equities research analysts recently issued reports on BFH shares. UBS Group started coverage on shares of Bread Financial in a research note on Thursday, January 8th. They set a “buy” rating and a $92.00 price target on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a $83.00 target price on shares of Bread Financial in a report on Monday, January 12th. Wall Street Zen downgraded shares of Bread Financial from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 21st. BTIG Research reiterated a “buy” rating and issued a $98.00 price target on shares of Bread Financial in a research report on Friday, January 30th. Finally, Evercore upgraded Bread Financial from a “hold” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research report on Thursday, February 5th.

Hedge Funds Weigh In On Bread Financial

Several hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Bread Financial by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,589 shares of the company’s stock worth $1,482,000 after purchasing an additional 1,286 shares during the last quarter. Millennium Management LLC lifted its holdings in Bread Financial by 46.5% during the 1st quarter. Millennium Management LLC now owns 345,902 shares of the company’s stock valued at $17,323,000 after buying an additional 109,864 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Bread Financial by 104.8% in the 1st 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Bread Financial by 3.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,833 shares of the company’s stock worth $7,904,000 after acquiring an additional 4,624 shares in the last quarter. Finally, Strs Ohio bought a new position in Bread Financial in the 1st quarter worth about $65,000. Institutional investors own 99.52% of the company’s stock.

Bread Financial Price Performance

NYSE:BFH opened at $73.07 on Friday. The stock has a market cap of $3.15 billion, a PE ratio of 6.74, a P/E/G ratio of 0.44 and a beta of 1.11. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.27. The business’s 50-day simple moving average is $73.56 and its two-hundred day simple moving average is $69.23. Bread Financial has a 52 week low of $38.21 and a 52 week high of $82.03.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, January 29th. The company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $1.67. Bread Financial had a net margin of 11.02% and a return on equity of 17.92%. The company had revenue of $975.00 million for the quarter, compared to the consensus estimate of $954.74 million. During the same period in the previous year, the firm posted $0.41 EPS. As a group, analysts forecast that Bread Financial will post 6.45 EPS for the current fiscal year.

Bread Financial announced that its Board of Directors has initiated a stock buyback program on Thursday, February 26th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the company to reacquire up to 19% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, February 27th. Bread Financial’s dividend payout ratio (DPR) is 8.49%.

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.