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

Bread Financial Holdings, Inc. (NYSE:BFHGet Free Report) has been assigned an average rating of “Reduce” from the fourteen analysts that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $39.17.

A number of equities research analysts have recently issued reports on the stock. Argus downgraded shares of Bread Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. BMO Capital Markets lifted 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. Barclays decreased their target price on Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods upgraded Bread Financial from a “market perform” rating to an “outperform” rating and raised their price target for the company from $38.00 to $67.00 in a research report on Thursday, May 2nd. Finally, Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research report on Thursday, April 4th.

View Our Latest Stock Report on Bread Financial

Institutional Trading of Bread Financial

Several large investors have recently added to or reduced their stakes in BFH. Allspring Global Investments Holdings LLC lifted its position in Bread Financial by 25.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,168 shares of the company’s stock worth $108,000 after acquiring an additional 633 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Bread Financial by 2.7% in the third quarter. Victory Capital Management Inc. now owns 206,056 shares of the company’s stock valued at $7,047,000 after purchasing an additional 5,459 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Bread Financial in the third quarter valued at $229,000. Illinois Municipal Retirement Fund acquired a new stake in Bread Financial during the 3rd quarter valued at $990,000. Finally, Jump Financial LLC increased its stake in Bread Financial by 18.4% during the 3rd quarter. Jump Financial LLC now owns 69,571 shares of the company’s stock worth $2,379,000 after buying an additional 10,799 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Stock Performance

NYSE BFH opened at $41.88 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $37.88 and its two-hundred day moving average is $34.83. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 5.27, a PEG ratio of 0.19 and a beta of 1.92. Bread Financial has a 12-month low of $26.08 and a 12-month high of $42.73.

Bread Financial (NYSE:BFHGet Free Report) last issued its earnings results on Thursday, April 25th. The company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.19). Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The company had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $998.96 million. During the same quarter in the previous year, the firm posted $9.08 earnings per share. Bread Financial’s revenue for the quarter was down 23.1% on a year-over-year basis. Research analysts expect that Bread Financial will post 5.58 EPS for the current year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 10th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, May 9th. Bread Financial’s dividend payout ratio is presently 10.58%.

Bread Financial Company Profile

(Get Free Report

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.

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Analyst Recommendations for Bread Financial (NYSE:BFH)

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