Bread Financial (NYSE:BFH) Stock Rating Upgraded by Wall Street Zen

Bread Financial (NYSE:BFH) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Sunday, Wall Street Zen reports.

Several other equities research analysts have also recently weighed in on the company. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Bread Financial in a research report on Wednesday, June 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bread Financial in a research report on Friday, July 24th. Bank of America reiterated a “buy” rating and set a $108.00 target price on shares of Bread Financial in a research note on Wednesday, June 10th. TD Cowen raised their price target on shares of Bread Financial from $103.00 to $114.00 and gave the stock a “hold” rating in a research report on Friday, July 24th. Finally, Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $130.00 price objective on the stock in a report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Bread Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.29.

Bread Financial Trading Down 1.5%

Bread Financial stock opened at $101.37 on Friday. Bread Financial has a 52 week low of $53.83 and a 52 week high of $114.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $3.89 billion, a PE ratio of 7.91, a PEG ratio of 0.64 and a beta of 1.10. The business’s 50-day simple moving average is $107.20 and its 200-day simple moving average is $95.18.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.81. The firm had revenue of $993.00 million during the quarter, compared to the consensus estimate of $959.32 million. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%.The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.15 EPS. Equities research analysts forecast that Bread Financial will post 12.22 earnings per share for the current year.

Insider Transactions at Bread Financial

In other news, Director Praniti Lakhwara sold 2,802 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total value of $297,348.24. Following the completion of the transaction, the director owned 4,458 shares in the company, valued at approximately $473,082.96. This represents a 38.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Trading of Bread Financial

Several institutional investors have recently made changes to their positions in BFH. QRG Capital Management Inc. increased its stake in Bread Financial by 10.1% in the second quarter. QRG Capital Management Inc. now owns 4,127 shares of the company’s stock valued at $447,000 after acquiring an additional 380 shares during the period. Engineers Gate Manager LP lifted its stake in Bread Financial by 238.9% during the second quarter. Engineers Gate Manager LP now owns 25,470 shares of the company’s stock worth $2,760,000 after purchasing an additional 17,955 shares during the period. Integrated Wealth Concepts LLC bought a new position in Bread Financial during the second quarter worth about $128,000. IFP Advisors Inc boosted its holdings in Bread Financial by 125.8% during the second quarter. IFP Advisors Inc now owns 490 shares of the company’s stock valued at $53,000 after purchasing an additional 273 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Bread Financial by 27.2% during the second quarter. Allworth Financial LP now owns 679 shares of the company’s stock valued at $74,000 after purchasing an additional 145 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Company Profile

Bread Financial Corporation (NYSE: BFH) is a financial services company that provides payment, lending and savings solutions for consumers and businesses. Its offerings include private-label and co-branded credit cards, installment loans, buy now, pay later financing and direct-to-consumer savings products.

The company works with retailers and brands to design and manage customized credit programs, including account servicing, underwriting, transaction processing and customer engagement services.