Bread Financial Holdings, Inc. (NYSE:BFH) Receives $60.27 Average Target Price from Analysts

Bread Financial Holdings, Inc. (NYSE:BFH) has earned an average recommendation of “Hold” from the thirteen research firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $60.27.

Several equities research analysts have issued reports on BFH shares. Jefferies Financial Group lifted their target price on shares of Bread Financial from $45.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, April 24th. Morgan Stanley lifted their target price on shares of Bread Financial from $36.00 to $39.00 and gave the stock an “underweight” rating in a research note on Monday. The Goldman Sachs Group lowered their target price on shares of Bread Financial from $68.00 to $58.00 and set a “sell” rating on the stock in a research note on Tuesday, March 18th. Royal Bank of Canada lifted their price target on Bread Financial from $62.00 to $68.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. Finally, JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a report on Monday, April 28th.

Bread Financial Price Performance

Bread Financial stock opened at $54.33 on Tuesday. Bread Financial has a 1 year low of $38.21 and a 1 year high of $66.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15. The company’s fifty day moving average price is $48.46 and its 200 day moving average price is $55.68. The stock has a market capitalization of $2.53 billion, a P/E ratio of 9.79, a P/E/G ratio of 1.25 and a beta of 1.33.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, April 24th. The company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.76. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. The company had revenue of $970.00 million for the quarter, compared to analysts’ expectations of $956.17 million. During the same quarter in the previous year, the company posted $2.73 EPS. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. As a group, equities research analysts anticipate that Bread Financial will post 6.45 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 9th will be issued a $0.21 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.84 annualized dividend and a yield of 1.55%. Bread Financial’s dividend payout ratio (DPR) is currently 14.92%.

Bread Financial announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, March 5th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Institutional Trading of Bread Financial

Several institutional investors and hedge funds have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC grew its position in Bread Financial by 2.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,248 shares of the company’s stock valued at $443,000 after acquiring an additional 175 shares in the last quarter. Summit Investment Advisors Inc. grew its position in Bread Financial by 3.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,202 shares of the company’s stock valued at $318,000 after acquiring an additional 184 shares in the last quarter. CIBC Asset Management Inc grew its position in Bread Financial by 4.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,872 shares of the company’s stock valued at $297,000 after acquiring an additional 206 shares in the last quarter. Savant Capital LLC grew its position in Bread Financial by 5.8% in the 4th quarter. Savant Capital LLC now owns 5,329 shares of the company’s stock valued at $325,000 after acquiring an additional 290 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in Bread Financial by 0.7% in the 1st quarter. Mackenzie Financial Corp now owns 40,918 shares of the company’s stock valued at $2,049,000 after acquiring an additional 296 shares in the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

About Bread Financial

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.