Bread Financial (NYSE:BFH) Price Target Raised to $53.00 at Barclays

Bread Financial (NYSE:BFH) had its price objective increased by Barclays from $51.00 to $53.00 in a research note published on Friday,Benzinga reports. Barclays currently has an underweight rating on the stock.

Other analysts also recently issued research reports about the company. The Goldman Sachs Group raised their price objective on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research report on Tuesday, November 19th. Morgan Stanley raised Bread Financial from an “underweight” rating to an “overweight” rating and raised their target price for the stock from $35.00 to $76.00 in a research report on Thursday, December 19th. Compass Point boosted their price target on shares of Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. TD Cowen raised their price objective on shares of Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, Evercore ISI upped their target price on shares of Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $59.69.

Bread Financial Price Performance

NYSE:BFH opened at $63.23 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $3.14 billion, a P/E ratio of 10.07 and a beta of 1.94. The company has a fifty day moving average price of $61.93 and a 200 day moving average price of $55.64. Bread Financial has a one year low of $32.10 and a one year high of $66.71.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. Analysts anticipate that Bread Financial will post 7.6 earnings per share for the current year.

Bread Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be given a $0.21 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.84 annualized dividend and a yield of 1.33%. Bread Financial’s payout ratio is 13.38%.

Institutional Trading of Bread Financial

Large investors have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. raised its stake in shares of Bread Financial by 30.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company’s stock worth $53,353,000 after acquiring an additional 260,283 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of Bread Financial by 38.2% in the third quarter. Pzena Investment Management LLC now owns 880,827 shares of the company’s stock valued at $41,910,000 after purchasing an additional 243,419 shares in the last quarter. Rockefeller Capital Management L.P. bought a new position in Bread Financial in the 3rd quarter worth approximately $6,001,000. Point72 Hong Kong Ltd acquired a new position in Bread Financial during the 3rd quarter worth $4,276,000. Finally, Intech Investment Management LLC bought a new position in Bread Financial in the 3rd quarter valued at $3,550,000. Institutional investors own 99.52% of the company’s stock.

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.