Bread Financial (NYSE:BFH) PT Raised to $33.00

Bread Financial (NYSE:BFH) had its target price lifted by investment analysts at BMO Capital Markets from $31.00 to $33.00 in a report issued on Friday, Benzinga reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price points to a potential downside of 10.74% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Evercore ISI cut shares of Bread Financial from an “in-line” rating to an “underperform” rating and upped their price target for the company from $29.00 to $33.00 in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. increased their target price on shares of Bread Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Barclays lowered their target price on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 9th. Oppenheimer upgraded shares of Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a research note on Friday, January 26th. Finally, Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a research note on Thursday, April 4th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $36.64.

Bread Financial Stock Performance

Shares of BFH stock opened at $36.97 on Friday. The stock has a market capitalization of $1.83 billion, a P/E ratio of 4.66, a PEG ratio of 0.14 and a beta of 1.93. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $36.52 and its 200 day moving average is $33.07. Bread Financial has a 12 month low of $23.19 and a 12 month high of $41.89.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, April 25th. The company reported $2.73 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). The business had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The business’s quarterly revenue was down 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.08 earnings per share. On average, sell-side analysts anticipate that Bread Financial will post 6.78 earnings per share for the current year.

Insider Activity at Bread Financial

In related news, major shareholder Turtle Creek Asset Management sold 45,000 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $35.67, for a total transaction of $1,605,150.00. Following the transaction, the insider now owns 293,092 shares of the company’s stock, valued at approximately $10,454,591.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.62% of the stock is owned by insiders.

Hedge Funds Weigh In On Bread Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. National Bank of Canada FI grew its holdings in Bread Financial by 1,280.6% in the 4th quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock worth $80,000 after acquiring an additional 2,241 shares during the last quarter. Pinnacle Holdings LLC bought a new stake in Bread Financial in the 4th quarter worth $83,000. Allspring Global Investments Holdings LLC grew its holdings in Bread Financial by 25.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,168 shares of the company’s stock worth $108,000 after acquiring an additional 633 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in Bread Financial in the 3rd quarter worth $116,000. Finally, Quest Partners LLC bought a new stake in Bread Financial in the 4th quarter worth $145,000. Institutional investors own 99.52% of the company’s stock.

Bread Financial Company Profile

Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit.