Keefe, Bruyette & Woods Reiterates “Outperform” Rating for Bread Financial (NYSE:BFH)

Bread Financial (NYSE:BFH)‘s stock had its “outperform” rating reiterated by stock analysts at Keefe, Bruyette & Woods in a research note issued on Monday, Benzinga reports. They currently have a $67.00 price target on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 64.05% from the company’s previous close.

Several other brokerages also recently commented on BFH. Wolfe Research raised 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. Argus cut Bread Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. BTIG Research assumed coverage on Bread Financial in a report on Friday, June 7th. They issued a “neutral” rating for the company. BMO Capital Markets upped their target price on Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. Finally, Barclays decreased their price objective on Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a research note on Tuesday, April 9th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $39.17.

Bread Financial Stock Up 0.5 %

NYSE BFH opened at $40.84 on Monday. The stock’s 50 day moving average is $39.13 and its 200 day moving average is $36.32. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. Bread Financial has a 12 month low of $26.08 and a 12 month high of $42.73. The stock has a market cap of $2.02 billion, a PE ratio of 5.14, a P/E/G ratio of 0.18 and a beta of 1.94.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The firm had revenue of $991.00 million during the quarter, compared to the consensus estimate of $998.96 million. During the same period in the previous year, the firm earned $9.08 EPS. The business’s revenue was down 23.1% compared to the same quarter last year. Research analysts predict that Bread Financial will post 5.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Bread Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in Bread Financial during the first quarter worth approximately $33,000. National Bank of Canada FI lifted its position in Bread Financial by 1,280.6% during the fourth quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock worth $80,000 after buying an additional 2,241 shares in the last quarter. Pinnacle Holdings LLC purchased a new position in Bread Financial during the fourth quarter worth approximately $83,000. C M Bidwell & Associates Ltd. purchased a new position in Bread Financial during the third quarter worth approximately $116,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Bread Financial by 19.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company’s stock worth $124,000 after buying an additional 603 shares in the last quarter. Hedge funds and other 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.