Brokerages Set Bread Financial Holdings, Inc. (NYSE:BFH) Price Target at $60.27

Shares of Bread Financial Holdings, Inc. (NYSE:BFHGet Free Report) have been assigned an average rating of “Hold” from the twelve analysts that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $60.27.

A number of research firms have weighed in on BFH. JMP Securities restated a “market perform” rating on shares of Bread Financial in a research report on Monday, April 28th. Morgan Stanley upped their price objective on shares of Bread Financial from $36.00 to $39.00 and gave the stock an “underweight” rating in a research report on Monday, May 12th. Jefferies Financial Group upped their price objective on shares of Bread Financial from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group reduced their price objective on shares of Bread Financial from $68.00 to $58.00 and set a “sell” rating for the company in a research report on Tuesday, March 18th.

View Our Latest Stock Analysis on BFH

Institutional Investors Weigh In On Bread Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its position in Bread Financial by 2.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,248 shares of the company’s stock worth $443,000 after purchasing an additional 175 shares during the last quarter. Summit Investment Advisors Inc. increased its position in Bread Financial by 3.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,202 shares of the company’s stock worth $318,000 after purchasing an additional 184 shares during the last quarter. CIBC Asset Management Inc increased its position in Bread Financial by 4.4% during the fourth quarter. CIBC Asset Management Inc now owns 4,872 shares of the company’s stock worth $297,000 after purchasing an additional 206 shares during the last quarter. Savant Capital LLC increased its position in Bread Financial by 5.8% during the fourth quarter. Savant Capital LLC now owns 5,329 shares of the company’s stock worth $325,000 after purchasing an additional 290 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in Bread Financial by 0.7% during the first quarter. Mackenzie Financial Corp now owns 40,918 shares of the company’s stock worth $2,049,000 after purchasing an additional 296 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Stock Performance

Shares of NYSE BFH opened at $51.28 on Friday. The company’s fifty day moving average price is $49.07 and its 200 day moving average price is $55.15. Bread Financial has a 1 year low of $38.21 and a 1 year high of $66.71. The company has a market capitalization of $2.39 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 1.25 and a beta of 1.37. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15.

Bread Financial (NYSE:BFHGet Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.76. The company had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $956.17 million. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.73 earnings per share. On average, research analysts predict that Bread Financial will post 6.45 earnings per share for the current year.

Bread Financial announced that its board has initiated a stock buyback program on Wednesday, March 5th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to purchase up to 6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 9th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, May 9th. Bread Financial’s dividend payout ratio (DPR) is 14.92%.

Bread Financial Company Profile

(Get Free Report

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.

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Analyst Recommendations for Bread Financial (NYSE:BFH)

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