BTIG Research Forecasts Strong Price Appreciation for Bread Financial (NYSE:BFH) Stock

Bread Financial (NYSE:BFH) had its price target raised by BTIG Research from $105.00 to $132.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price target indicates a potential upside of 21.10% from the company’s current price.

A number of other equities research analysts also recently commented on BFH. Evercore reiterated an “outperform” rating and set a $99.00 price target on shares of Bread Financial in a report on Wednesday, April 29th. Wolfe Research reissued a “positive” rating on shares of Bread Financial in a research note on Wednesday, June 10th. Zacks Research upgraded shares of Bread Financial from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Wall Street Zen raised shares of Bread Financial from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Bread Financial in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.67.

Bread Financial Stock Up 2.6%

BFH opened at $109.00 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.25. The firm has a market cap of $4.40 billion, a P/E ratio of 8.93, a PEG ratio of 0.97 and a beta of 1.12. Bread Financial has a 52 week low of $53.83 and a 52 week high of $109.12. The business’s fifty day simple moving average is $92.34 and its 200 day simple moving average is $80.86.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, April 23rd. The company reported $4.18 earnings per share for the quarter, beating the consensus estimate of $3.00 by $1.18. Bread Financial had a net margin of 11.90% and a return on equity of 18.79%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $992.05 million. During the same quarter in the previous year, the company posted $2.86 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities research analysts anticipate that Bread Financial will post 10.62 EPS for the current fiscal year.

Insider Transactions at Bread Financial

In related news, Director Roger H. Ballou sold 9,687 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $90.32, for a total value of $874,929.84. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ralph J. Andretta sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $89.10, for a total transaction of $1,336,500.00. Following the transaction, the chief executive officer directly owned 582,241 shares of the company’s stock, valued at $51,877,673.10. This trade represents a 2.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.30% of the company’s stock.

Institutional Trading of Bread Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. boosted its holdings in Bread Financial by 58.7% in the first quarter. Pacer Advisors Inc. now owns 614 shares of the company’s stock valued at $46,000 after acquiring an additional 227 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Bread Financial by 18.1% in the 1st quarter. Bank of America Corp DE now owns 630,225 shares of the company’s stock worth $47,198,000 after purchasing an additional 96,771 shares during the period. Amundi raised its holdings in shares of Bread Financial by 15.5% in the 1st quarter. Amundi now owns 14,117 shares of the company’s stock worth $1,057,000 after purchasing an additional 1,894 shares during the period. California State Teachers Retirement System lifted its stake in shares of Bread Financial by 23.6% in the 1st quarter. California State Teachers Retirement System now owns 54,175 shares of the company’s stock valued at $4,057,000 after purchasing an additional 10,347 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Bread Financial by 3.5% in the 1st quarter. Empowered Funds LLC now owns 193,123 shares of the company’s stock valued at $14,463,000 after purchasing an additional 6,574 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

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.