Bread Financial (NYSE:BFH) Price Target Raised to $32.00

Bread Financial (NYSE:BFH) had its price objective increased by Barclays from $26.00 to $32.00 in a research note issued to investors on Tuesday morning, Benzinga reports. The firm currently has an underweight rating on the stock.

A number of other brokerages have also recently weighed in on BFH. Evercore ISI upgraded Bread Financial from an underperform rating to an in-line rating and upped their price objective for the stock from $42.00 to $45.00 in a research note on Thursday, June 20th. BTIG Research assumed coverage on shares of Bread Financial in a research report on Friday, June 7th. They set a neutral rating for the company. Wolfe Research upgraded shares of Bread Financial from a peer perform rating to an outperform rating and set a $48.00 price target on the stock in a report on Thursday, April 4th. Keefe, Bruyette & Woods reiterated an outperform rating and set a $67.00 price objective on shares of Bread Financial in a research note on Monday, June 17th. Finally, BMO Capital Markets raised their target price on shares of Bread Financial from $31.00 to $33.00 and gave the company a market perform rating in a research note on Friday, April 26th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $41.69.

Bread Financial Trading Up 1.0 %

NYSE BFH opened at $46.66 on Tuesday. Bread Financial has a one year low of $26.08 and a one year high of $46.97. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 5.88, a price-to-earnings-growth ratio of 0.20 and a beta of 1.98. The company’s 50-day simple moving average is $42.17 and its two-hundred day simple moving average is $37.74.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.19). The business had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The business’s quarterly revenue was down 23.1% compared to the same quarter last year. During the same period in the previous year, the business earned $9.08 earnings per share. Equities analysts forecast that Bread Financial will post 5.64 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 10th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.84 annualized dividend and a yield of 1.80%. Bread Financial’s payout ratio is presently 10.58%.

Institutional Trading of Bread Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new position in shares of Bread Financial during the 1st quarter valued at about $33,000. CWM LLC raised its position in shares of Bread Financial by 47.5% in the second quarter. CWM LLC now owns 1,708 shares of the company’s stock worth $76,000 after acquiring an additional 550 shares during the period. National Bank of Canada FI boosted its stake in shares of Bread Financial by 1,280.6% during the 4th quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock worth $80,000 after acquiring an additional 2,241 shares in the last quarter. Pinnacle Holdings LLC acquired a new stake in Bread Financial in the fourth quarter valued at approximately $83,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Bread Financial by 19.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company’s stock valued at $124,000 after buying an additional 603 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

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.