Weiss Ratings Reaffirms Hold (C+) Rating for Bread Financial (NYSE:BFH)

Bread Financial (NYSE:BFH)‘s stock had its “hold (c+)” rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

BFH has been the subject of a number of other research reports. Evercore ISI decreased their price target on shares of Bread Financial from $68.00 to $64.00 and set an “in-line” rating for the company in a report on Tuesday, September 30th. Keefe, Bruyette & Woods decreased their price target on shares of Bread Financial from $88.00 to $71.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Morgan Stanley raised their price target on shares of Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a report on Monday, September 29th. BTIG Research set a $105.00 price target on shares of Bread Financial and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Barclays cut their price objective on shares of Bread Financial from $52.00 to $50.00 and set an “underweight” rating on the stock in a research note on Monday. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $66.20.

Bread Financial Trading Up 1.5%

NYSE BFH opened at $55.85 on Wednesday. The company has a fifty day simple moving average of $61.02 and a two-hundred day simple moving average of $55.76. The stock has a market cap of $2.60 billion, a P/E ratio of 9.45, a P/E/G ratio of 0.50 and a beta of 1.41. Bread Financial has a 12-month low of $38.21 and a 12-month high of $68.01. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, July 24th. The company reported $3.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $1.29. The business had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $944.69 million. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the company posted $2.66 earnings per share. Bread Financial has set its FY 2025 guidance at EPS. On average, analysts forecast that Bread Financial will post 6.45 earnings per share for the current year.

Bread Financial announced that its board has authorized a share buyback program on Wednesday, August 27th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, Director John J. Fawcett purchased 1,027 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The shares were bought at an average price of $61.79 per share, for a total transaction of $63,458.33. Following the completion of the transaction, the director owned 10,302 shares in the company, valued at $636,560.58. This represents a 11.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.85% of the company’s stock.

Institutional Trading of Bread Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BFH. Quarry LP grew its position in Bread Financial by 947.5% during the first quarter. Quarry LP now owns 639 shares of the company’s stock valued at $32,000 after buying an additional 578 shares during the period. EverSource Wealth Advisors LLC grew its position 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. BOK Financial Private Wealth Inc. acquired a new stake in Bread Financial during the second quarter valued at $42,000. Strs Ohio acquired a new stake in Bread Financial during the first quarter valued at $65,000. Finally, GAMMA Investing LLC grew its position in Bread Financial by 28.0% during the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company’s stock valued at $73,000 after buying an additional 319 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Company Profile

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.