Bread Financial Holdings, Inc. (NYSE:BFH) Stock Has Consensus Target Price of $112.29 According to Analysts

Shares of Bread Financial Holdings, Inc. (NYSE:BFH) have been given a consensus rating of “Moderate Buy” by the sixteen research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $112.43.

BFH has been the topic of several research reports. Barclays upped their price target on Bread Financial from $104.00 to $109.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Bread Financial in a research report on Wednesday, June 10th. TD Cowen raised their target price on shares of Bread Financial from $103.00 to $114.00 and gave the company a “hold” rating in a research note on Friday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bread Financial in a research report on Friday, July 24th. Finally, Bank of America reissued a “buy” rating and set a $108.00 price target on shares of Bread Financial in a research note on Wednesday, June 10th.

Bread Financial Trading Down 0.8%

Shares of NYSE BFH opened at $96.94 on Friday. Bread Financial has a 1-year low of $53.83 and a 1-year high of $114.53. The company has a 50-day moving average of $106.95 and a two-hundred day moving average of $95.72. The company has a market cap of $3.72 billion, a PE ratio of 7.56, a P/E/G ratio of 0.60 and a beta of 1.15. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, July 23rd. The company reported $3.55 EPS for the quarter, beating the consensus estimate of $2.74 by $0.81. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The business had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $959.32 million. During the same period in the prior year, the firm earned $3.15 earnings per share. Bread Financial’s revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts expect that Bread Financial will post 12.22 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

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

Insider Buying and Selling at Bread Financial

In other news, Director Praniti Lakhwara sold 2,802 shares of the stock in a transaction 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 transaction, the director owned 4,458 shares of the company’s stock, valued at $473,082.96. This represents a 38.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bread Financial

Hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp raised its holdings in Bread Financial by 5,814.5% during the 1st quarter. Fifth Third Bancorp now owns 17,566 shares of the company’s stock worth $1,315,000 after buying an additional 17,269 shares during the period. Bank of America Corp DE boosted its holdings in shares of Bread Financial by 18.1% in the first quarter. Bank of America Corp DE now owns 630,225 shares of the company’s stock valued at $47,198,000 after buying an additional 96,771 shares during the period. BlackRock Inc. bought a new stake in shares of Bread Financial during the second quarter worth $421,314,000. Walleye Capital LLC bought a new stake in shares of Bread Financial during the second quarter worth $9,903,000. Finally, Intech Investment Management LLC raised its holdings in shares of Bread Financial by 240.1% during the fourth quarter. Intech Investment Management LLC now owns 156,689 shares of the company’s stock worth $11,600,000 after acquiring an additional 110,616 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

About Bread Financial

Bread Financial Corporation (NYSE: BFH) is a financial services company that provides payment, lending and savings solutions to consumers and businesses. The company works with merchants and brands to offer private-label and co-branded credit cards, installment loans, buy now, pay later services and other financing options at the point of sale.

Its consumer products and services include Bread Pay payment solutions, credit card programs issued through its banking subsidiaries, and Bread Savings deposit products.