Bread Financial (NYSE:BFH) Price Target Raised to $108.00 at The Goldman Sachs Group

Bread Financial (NYSE:BFH) had its price target raised by equities research analysts at The Goldman Sachs Group from $94.00 to $108.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 4.14% from the stock’s current price.

A number of other equities analysts have also weighed in on BFH. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Bread Financial in a report on Wednesday, June 10th. Wolfe Research reiterated a “positive” rating on shares of Bread Financial in a research note on Wednesday, June 10th. Barclays raised shares of Bread Financial from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $70.00 to $104.00 in a research report on Tuesday. Royal Bank Of Canada increased their price target on Bread Financial from $105.00 to $115.00 and gave the company a “sector perform” rating in a report on Friday, June 12th. Finally, Bank of America reaffirmed a “buy” rating and issued a $108.00 target price on shares of Bread Financial in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bread Financial presently has an average rating of “Moderate Buy” and a consensus price target of $104.92.

Bread Financial Stock Performance

BFH opened at $103.70 on Tuesday. The stock’s 50 day simple moving average is $93.60 and its 200 day simple moving average is $81.91. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $4.19 billion, a P/E ratio of 7.62, a P/E/G ratio of 0.90 and a beta of 1.10. Bread Financial has a 1-year low of $53.83 and a 1-year high of $109.91.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $4.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $1.18. Bread Financial had a return on equity of 18.79% and a net margin of 11.90%.The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $992.05 million. During the same period in the previous year, the firm posted $2.86 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts anticipate that Bread Financial will post 10.92 EPS for the current fiscal year.

Insider Activity at Bread Financial

In related news, Director John J. Fawcett acquired 698 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was acquired at an average cost of $86.43 per share, for a total transaction of $60,328.14. Following the completion of the acquisition, the director directly owned 11,000 shares of the company’s stock, valued at approximately $950,730. The trade was a 6.78% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Roger H. Ballou sold 9,687 shares of Bread Financial stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $90.32, for a total value of $874,929.84. Following the transaction, the director directly owned 30,079 shares in the company, valued at approximately $2,716,735.28. The trade was a 24.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.30% of the stock is currently owned by insiders.

Institutional Trading of Bread Financial

A number of hedge funds have recently made changes to their positions in the stock. Daiwa Securities Group Inc. boosted its stake in shares of Bread Financial by 5.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,535 shares of the company’s stock valued at $262,000 after buying an additional 187 shares during the period. Pacer Advisors Inc. lifted its position in Bread Financial by 58.7% during the 1st quarter. Pacer Advisors Inc. now owns 614 shares of the company’s stock worth $46,000 after acquiring an additional 227 shares during the last quarter. Vista Investment Management lifted its holdings in shares of Bread Financial by 1.1% during the fourth quarter. Vista Investment Management now owns 22,858 shares of the company’s stock worth $1,692,000 after buying an additional 241 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of Bread Financial by 6.6% in the fourth quarter. Corient Private Wealth LLC now owns 4,206 shares of the company’s stock valued at $311,000 after acquiring an additional 259 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in Bread Financial by 1.7% in the 1st quarter. Lazard Asset Management LLC now owns 16,576 shares of the company’s stock valued at $1,241,000 after purchasing an additional 272 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Company Profile

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.