Bread Financial Holdings, Inc. (NYSE:BFH) Receives $39.17 Average Target Price from Analysts

Shares of Bread Financial Holdings, Inc. (NYSE:BFH) have been assigned an average recommendation of “Reduce” from the fourteen research firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $39.17.

A number of equities research analysts have issued reports on BFH shares. Argus downgraded shares of Bread Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Oppenheimer upgraded shares of Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a research report on Friday, January 26th. BMO Capital Markets increased their price objective on Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Keefe, Bruyette & Woods raised Bread Financial from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $38.00 to $67.00 in a research note on Thursday. Finally, Barclays decreased their target price on Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 9th.

Hedge Funds Weigh In On Bread Financial

Several hedge funds and other institutional investors have recently modified their holdings of BFH. Allspring Global Investments Holdings LLC boosted its position in shares of Bread Financial by 19.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company’s stock worth $124,000 after purchasing an additional 603 shares in the last quarter. Quadrature Capital Ltd raised its stake in Bread Financial by 2.4% during the fourth quarter. Quadrature Capital Ltd now owns 25,993 shares of the company’s stock valued at $856,000 after buying an additional 611 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Bread Financial by 3.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,506 shares of the company’s stock valued at $770,000 after buying an additional 660 shares during the last quarter. Brooktree Capital Management grew its stake in shares of Bread Financial by 0.6% in the fourth quarter. Brooktree Capital Management now owns 137,733 shares of the company’s stock worth $4,537,000 after acquiring an additional 853 shares during the last quarter. Finally, Olympiad Research LP grew its stake in shares of Bread Financial by 7.1% in the fourth quarter. Olympiad Research LP now owns 12,933 shares of the company’s stock worth $426,000 after acquiring an additional 859 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Trading Down 1.0 %

NYSE BFH opened at $40.81 on Friday. Bread Financial has a one year low of $23.19 and a one year high of $41.89. The business’s fifty day moving average is $36.73 and its 200-day moving average is $33.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 5.14, a PEG ratio of 0.18 and a beta of 1.92.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.19). The firm had revenue of $991.00 million during the quarter, compared to the consensus estimate 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 firm earned $9.08 earnings per share. Equities research analysts predict that Bread Financial will post 5.72 EPS for the current year.

Bread Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 10th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.84 annualized dividend and a yield of 2.06%. Bread Financial’s payout ratio is currently 10.58%.

About Bread Financial

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.