Analysts Set Bread Financial Holdings, Inc. (NYSE:BFH) PT at $60.27

Bread Financial Holdings, Inc. (NYSE:BFH) has earned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $60.27.

BFH has been the subject of several recent research reports. JMP Securities restated a “market perform” rating on shares of Bread Financial in a report on Monday, April 28th. Morgan Stanley boosted their price objective on Bread Financial from $36.00 to $39.00 and gave the company an “underweight” rating in a report on Monday, May 12th. The Goldman Sachs Group decreased their price objective on Bread Financial from $68.00 to $58.00 and set a “sell” rating for the company in a report on Tuesday, March 18th. Finally, Jefferies Financial Group boosted their price objective on Bread Financial from $45.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, April 24th.

Bread Financial Price Performance

Bread Financial stock opened at $60.40 on Wednesday. The stock’s 50 day moving average is $52.72 and its 200 day moving average is $54.34. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $2.81 billion, a P/E ratio of 10.73, a P/E/G ratio of 1.13 and a beta of 1.38. Bread Financial has a one year low of $38.21 and a one year high of $66.71.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, April 24th. The company reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.76. Bread Financial had a return on equity of 12.60% and a net margin of 5.89%. The firm had revenue of $970.00 million for the quarter, compared to analyst estimates of $956.17 million. During the same period in the previous year, the firm earned $2.73 earnings per share. The company’s revenue was down 2.1% compared to the same quarter last year. As a group, research analysts expect that Bread Financial will post 6.45 EPS for the current year.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 9th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.84 annualized dividend and a yield of 1.39%. Bread Financial’s dividend payout ratio (DPR) is currently 14.92%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BFH. Curat Global LLC bought a new position in Bread Financial in the 1st quarter valued at $28,000. Picton Mahoney Asset Management grew its stake in Bread Financial by 2,083.3% in the 4th quarter. Picton Mahoney Asset Management now owns 524 shares of the company’s stock valued at $32,000 after purchasing an additional 500 shares during the period. Quarry LP grew its stake in Bread Financial by 947.5% in the 1st quarter. Quarry LP now owns 639 shares of the company’s stock valued at $32,000 after purchasing an additional 578 shares during the period. Pinnacle Holdings LLC purchased a new position in shares of Bread Financial during the 4th quarter valued at $46,000. Finally, Versant Capital Management Inc grew its stake in shares of Bread Financial by 182.8% during the 1st quarter. Versant Capital Management Inc now owns 1,298 shares of the company’s stock worth $65,000 after acquiring an additional 839 shares during the period. Institutional investors 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.