Bread Financial Holdings, Inc. (NYSE:BFH) Receives $96.42 Consensus Price Target from Analysts

Shares of Bread Financial Holdings, Inc. (NYSE:BFH) have received an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $96.4167.

A number of research firms have recently weighed in on BFH. TD Cowen increased their target price on shares of Bread Financial from $80.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Bank of America reiterated a “buy” rating and issued a $108.00 price objective on shares of Bread Financial in a research note on Wednesday, June 10th. Royal Bank Of Canada increased their price objective on Bread Financial from $105.00 to $115.00 and gave the company a “sector perform” rating in a report on Friday, June 12th. Wolfe Research reissued a “positive” rating on shares of Bread Financial in a research report on Wednesday, June 10th. Finally, Zacks Research upgraded Bread Financial from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th.

Bread Financial Trading Up 0.1%

NYSE BFH opened at $102.53 on Wednesday. The business’s fifty day moving average is $89.48 and its 200-day moving average is $79.43. 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 stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 0.93 and a beta of 1.12. Bread Financial has a one year low of $52.83 and a one year high of $105.20.

Bread Financial (NYSE:BFH) last posted its quarterly 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. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.86 earnings per share. Equities research analysts predict that Bread Financial will post 10.62 EPS for the current year.

Bread Financial declared that its board has authorized a stock repurchase program on Thursday, February 26th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the company to buy up to 19% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Bread Financial Announces Dividend

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

Insider Activity at Bread Financial

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

Hedge Funds Weigh In On Bread Financial

A number of large investors have recently modified their holdings of BFH. Kemnay Advisory Services Inc. bought a new stake in Bread Financial during the 4th quarter worth approximately $28,000. Cullen Frost Bankers Inc. bought a new position in shares of Bread Financial in the fourth quarter worth $29,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Bread Financial by 141.2% in 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 in 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 valued at $41,000 after buying an additional 398 shares during the period. Finally, Pacer Advisors Inc. grew its position in Bread Financial by 58.7% during the first quarter. Pacer Advisors Inc. now owns 614 shares of the company’s stock worth $46,000 after buying an additional 227 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors.

Bread Financial Company Profile

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.