Wolfe Research Upgrades Bread Financial (NYSE:BFH) to “Outperform”

Bread Financial (NYSE:BFHGet Free Report) was upgraded by analysts at Wolfe Research to an “outperform” rating in a report issued on Thursday, Stock Target Advisor reports. The brokerage currently has a $48.00 price target on the stock. Wolfe Research’s price target indicates a potential upside of 35.61% from the company’s previous close.

Other research analysts have also issued reports about the company. Oppenheimer raised Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a research report on Friday, January 26th. JPMorgan Chase & Co. raised their target price on Bread Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. The Goldman Sachs Group boosted their price target on Bread Financial from $27.00 to $31.00 and gave the company a “sell” rating in a research note on Monday, December 18th. Barclays reduced their price objective on shares of Bread Financial from $28.00 to $27.00 and set an “underweight” rating for the company in a research report on Friday, January 26th. Finally, Evercore ISI lowered shares of Bread Financial from an “in-line” rating to an “underperform” rating and lifted their price objective for the company from $29.00 to $33.00 in a research note on Wednesday, January 3rd. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $36.08.

Check Out Our Latest Analysis on BFH

Bread Financial Stock Performance

Shares of BFH stock opened at $35.40 on Thursday. The stock has a market capitalization of $1.75 billion, a PE ratio of 2.47, a PEG ratio of 0.17 and a beta of 1.93. The business’s 50 day simple moving average is $36.81 and its 200 day simple moving average is $32.84. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.18 and a quick ratio of 1.18. Bread Financial has a one year low of $23.19 and a one year high of $41.89.

Bread Financial (NYSE:BFHGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of ($0.67) by $1.57. The company had revenue of $1,000.00 million during the quarter, compared to analysts’ expectations of $984.36 million. Bread Financial had a net margin of 13.87% and a return on equity of 26.24%. Bread Financial’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($2.68) earnings per share. As a group, research analysts forecast that Bread Financial will post 7.2 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Turtle Creek Asset Management sold 25,000 shares of the firm’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $32.44, for a total value of $811,000.00. Following the transaction, the insider now owns 313,454 shares of the company’s stock, valued at approximately $10,168,447.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 255,000 shares of company stock worth $8,280,400. Insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Bread Financial

Several institutional investors have recently bought and sold shares of BFH. Rockefeller Capital Management L.P. boosted its holdings in Bread Financial by 169.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 842 shares of the company’s stock worth $31,000 after purchasing an additional 530 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Bread Financial by 42.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,011 shares of the company’s stock worth $38,000 after buying an additional 300 shares during the last quarter. Macquarie Group Ltd. bought a new position in shares of Bread Financial in the third quarter valued at approximately $44,000. Quarry LP increased its position in shares of Bread Financial by 903.7% during the first quarter. Quarry LP now owns 1,887 shares of the company’s stock valued at $57,000 after acquiring an additional 1,699 shares during the last quarter. Finally, State of Wyoming bought a new stake in Bread Financial during the second quarter worth $62,000. Institutional investors own 99.52% of the company’s stock.

About Bread Financial

(Get Free Report)

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.

See Also

Stock Target Advisor logo

Analyst Recommendations for Bread Financial (NYSE:BFH)

Receive News & Ratings for Bread Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bread Financial and related companies with MarketBeat.com's FREE daily email newsletter.