Brokerages Set Bread Financial Holdings, Inc. (NYSE:BFH) Target Price at $107.92

Shares of Bread Financial Holdings, Inc. (NYSE:BFH) have been assigned an average recommendation of “Hold” from the fifteen analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $107.9167.

BFH has been the topic of several recent analyst reports. UBS Group increased their price objective on shares of Bread Financial from $94.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Loop Capital began coverage on shares of Bread Financial in a research note on Thursday, May 21st. They set a “buy” rating and a $104.00 target price for the company. Wall Street Zen upgraded shares of Bread Financial from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Weiss Ratings raised shares of Bread Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. Finally, Barclays upgraded Bread Financial from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $70.00 to $104.00 in a report on Tuesday, July 7th.

Insider Transactions at Bread Financial

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

Hedge Funds Weigh In On Bread Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Kemnay Advisory Services Inc. purchased a new stake in Bread Financial during the 4th quarter valued at about $28,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Bread Financial in the fourth quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. boosted its stake in Bread Financial by 141.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the company’s stock worth $31,000 after buying an additional 329 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Bread Financial by 127.2% during the second quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock worth $41,000 after buying an additional 398 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Bread Financial by 58.7% in the 1st quarter. Pacer Advisors Inc. now owns 614 shares of the company’s stock valued at $46,000 after buying an additional 227 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Trading Down 1.2%

Shares of BFH stock opened at $98.02 on Friday. 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 company has a market cap of $3.96 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 0.88 and a beta of 1.10. The stock has a 50 day simple moving average of $95.42 and a 200-day simple moving average of $83.07. Bread Financial has a 1-year low of $53.83 and a 1-year high of $109.91.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, April 23rd. The company reported $4.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.00 by $1.18. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $992.05 million. Bread Financial had a net margin of 11.90% and a return on equity of 18.79%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.86 EPS. On average, equities research analysts expect that Bread Financial will post 10.98 EPS for the current fiscal year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, May 29th. Bread Financial’s dividend payout ratio (DPR) is 7.53%.

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.