Bread Financial Holdings, Inc. (BFH) – What Are Researchers Saying About This Stock?

Bread Financial Holdings, Inc. (NYSE:BFH) has received an average rating of “Hold” from the sixteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $112.29.

A number of research firms have recently weighed in on BFH. BTIG Research raised their price target on shares of Bread Financial from $105.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. TD Cowen decreased their price objective on shares of Bread Financial from $114.00 to $111.00 and set a “hold” rating for the company in a report on Tuesday, October 6th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $115.00 target price on shares of Bread Financial in a research report on Friday, July 24th. Wolfe Research raised shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $130.00 price target on the stock in a research report on Tuesday, August 25th. Finally, Evercore set a $118.00 price target on Bread Financial in a research note on Thursday, October 1st.

Bread Financial Price Performance

Shares of NYSE BFH opened at $102.52 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.25. Bread Financial has a fifty-two week low of $59.16 and a fifty-two week high of $114.53. The business has a 50 day moving average price of $104.91 and a two-hundred day moving average price of $97.99. The firm has a market cap of $3.94 billion, a PE ratio of 8.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.15.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.81. The company had revenue of $993.00 million for the quarter, compared to analyst estimates of $959.32 million. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%. Bread Financial’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.15 EPS. Sell-side analysts expect that Bread Financial will post 12.10 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, August 31st. Bread Financial’s dividend payout ratio (DPR) is currently 7.18%.

Insider Buying and Selling

In other news, Director Praniti Lakhwara sold 2,802 shares of Bread Financial stock in a transaction that occurred on Tuesday, July 28th. The stock was 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 trade represents a 38.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bread Financial

Several institutional investors and hedge funds have recently made changes to their positions in BFH. Fifth Third Bancorp lifted its stake in Bread Financial by 5,814.5% during the first quarter. Fifth Third Bancorp now owns 17,566 shares of the company’s stock worth $1,315,000 after purchasing an additional 17,269 shares during the last quarter. Walleye Capital LLC acquired a new position in Bread Financial in the second quarter worth $9,903,000. BlackRock Inc. acquired a new position in Bread Financial in the second quarter worth $421,314,000. Bank of America Corp DE increased its stake in Bread Financial by 18.1% during the first quarter. Bank of America Corp DE now owns 630,225 shares of the company’s stock valued at $47,198,000 after purchasing an additional 96,771 shares during the last quarter. Finally, Quantinno Capital Management LP increased its stake in Bread Financial by 66.9% during the first quarter. Quantinno Capital Management LP now owns 28,170 shares of the company’s stock valued at $2,110,000 after purchasing an additional 11,292 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

About Bread Financial

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

The company operates through its Bread platform, which supports merchants with financing options, payment processing and customer loyalty solutions. Its consumer products have included Bread Cashback credit cards, Bread Pay installment payment services and Bread Savings deposit accounts.

Bread Financial primarily serves consumers and merchants in the United States, with solutions designed for retail, travel, home improvement and other industries.