Bread Financial (NYSE:BFH) Given New $85.00 Price Target at TD Cowen

Bread Financial (NYSE:BFH) had its price objective raised by analysts at TD Cowen from $68.00 to $85.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s price target suggests a potential upside of 5.06% from the stock’s current price.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $72.00 price objective on shares of Bread Financial in a research report on Thursday, December 4th. Cowen reiterated a “hold” rating on shares of Bread Financial in a report on Thursday. Barclays boosted their price target on Bread Financial from $52.00 to $61.00 and gave the stock an “underweight” rating in a research report on Tuesday. Morgan Stanley set a $57.00 price objective on shares of Bread Financial and gave the company an “underweight” rating in a research report on Tuesday, December 16th. Finally, Zacks Research cut shares of Bread Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $78.00.

Bread Financial Trading Up 1.2%

Shares of NYSE BFH traded up $0.93 during midday trading on Thursday, hitting $80.91. The stock had a trading volume of 177,709 shares, compared to its average volume of 652,058. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial has a 1-year low of $38.21 and a 1-year high of $81.49. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 0.56 and a beta of 1.27. The company has a fifty day moving average price of $69.96 and a 200 day moving average price of $63.99.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $4.02 EPS for the quarter, beating the consensus estimate of $2.11 by $1.91. Bread Financial had a net margin of 10.08% and a return on equity of 15.97%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $974.30 million. During the same quarter last year, the firm posted $1.83 earnings per share. Bread Financial’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, analysts predict that Bread Financial will post 6.45 earnings per share for the current year.

Bread Financial announced that its Board of Directors has authorized a stock buyback plan on Thursday, October 23rd that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to repurchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Bread Financial by 0.6% during the third quarter. Vanguard Group Inc. now owns 5,273,797 shares of the company’s stock worth $294,120,000 after purchasing an additional 30,962 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Bread Financial by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 3,076,004 shares of the company’s stock worth $171,557,000 after purchasing an additional 16,143 shares during the period. Franklin Resources Inc. lifted its position in shares of Bread Financial by 16.9% in the 2nd quarter. Franklin Resources Inc. now owns 1,720,613 shares of the company’s stock worth $98,281,000 after buying an additional 248,401 shares during the last quarter. American Century Companies Inc. grew its position in shares of Bread Financial by 4.4% during the 3rd quarter. American Century Companies Inc. now owns 1,555,968 shares of the company’s stock valued at $86,776,000 after buying an additional 65,223 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Bread Financial by 25.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,233,121 shares of the company’s stock worth $70,436,000 after acquiring an additional 247,437 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

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.