Bread Financial Holdings, Inc. (NYSE:BFH) Receives Consensus Rating of “Hold” from Brokerages

Bread Financial Holdings, Inc. (NYSE:BFH) has been given an average rating of “Hold” by the eighteen research firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $48.13.

A number of equities analysts have issued reports on the company. BMO Capital Markets increased their price objective on Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. JMP Securities reissued a “market perform” rating on shares of Bread Financial in a research report on Thursday, June 20th. TD Cowen upped their price objective on shares of Bread Financial from $44.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, July 26th. Argus lowered shares of Bread Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $67.00 price target on shares of Bread Financial in a research note on Monday, June 17th.

Hedge Funds Weigh In On Bread Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC raised its holdings in shares of Bread Financial by 81.6% during the second quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock valued at $65,245,000 after purchasing an additional 657,968 shares during the last quarter. Norges Bank bought a new position in shares of Bread Financial during the 4th quarter valued at $14,365,000. Point72 Asset Management L.P. boosted its stake in shares of Bread Financial by 152.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company’s stock worth $28,772,000 after buying an additional 390,413 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Bread Financial by 9.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,000,035 shares of the company’s stock worth $98,823,000 after acquiring an additional 256,221 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in Bread Financial by 86.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 485,113 shares of the company’s stock valued at $18,066,000 after acquiring an additional 224,545 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Bread Financial Trading Up 1.5 %

Shares of BFH opened at $54.27 on Friday. Bread Financial has a 1-year low of $26.08 and a 1-year high of $55.68. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 6.84, a PEG ratio of 0.18 and a beta of 1.98. The firm’s 50-day moving average price is $47.04 and its 200-day moving average price is $41.06. The company has a current ratio of 1.19, a quick ratio of 1.18 and a debt-to-equity ratio of 0.41.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, July 25th. The company reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $1.06. The firm had revenue of $939.00 million for the quarter, compared to the consensus estimate of $922.01 million. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.27 EPS. Sell-side analysts anticipate that Bread Financial will post 7.04 EPS for the current year.

Bread Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 9th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.84 annualized dividend and a yield of 1.55%. Bread Financial’s payout ratio is 10.58%.

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.