Bread Financial Holdings, Inc. (NYSE:BFH) Given Average Recommendation of “Hold” by Brokerages

Shares of Bread Financial Holdings, Inc. (NYSE:BFH) have earned a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $53.54.

Several analysts have recently issued reports on BFH shares. TD Cowen lifted their target price on shares of Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. increased their target price on Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Keefe, Bruyette & Woods lifted their price target on Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. The Goldman Sachs Group increased their price objective on Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research note on Tuesday, November 19th. Finally, Barclays decreased their price objective on Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a report on Friday, October 25th.

Insider Activity

In related news, Director John J. Fawcett acquired 1,000 shares of the business’s stock in a transaction on Monday, October 28th. The shares were bought at an average price of $51.02 per share, with a total value of $51,020.00. Following the completion of the acquisition, the director now owns 6,473 shares in the company, valued at $330,252.46. This trade represents a 18.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.62% of the company’s stock.

Institutional Trading of Bread Financial

Several institutional investors and hedge funds have recently made changes to their positions in BFH. GAMMA Investing LLC grew its position in Bread Financial by 33.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock worth $49,000 after purchasing an additional 260 shares during the last quarter. CWM LLC boosted its stake in shares of Bread Financial by 47.5% during the 2nd quarter. CWM LLC now owns 1,708 shares of the company’s stock worth $76,000 after acquiring an additional 550 shares in the last quarter. Point72 DIFC Ltd raised its position in Bread Financial by 30.0% during the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after acquiring an additional 397 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Bread Financial by 70.3% in the second quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock valued at $88,000 after purchasing an additional 800 shares in the last quarter. Finally, Headlands Technologies LLC grew its position in shares of Bread Financial by 164.0% in the second quarter. Headlands Technologies LLC now owns 2,355 shares of the company’s stock valued at $105,000 after purchasing an additional 1,463 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Stock Performance

Shares of NYSE BFH opened at $65.27 on Friday. The company has a 50 day simple moving average of $55.98 and a two-hundred day simple moving average of $51.02. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 10.39 and a beta of 1.96. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial has a 12 month low of $28.00 and a 12 month high of $66.71.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). The company had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.46 EPS. As a group, analysts predict that Bread Financial will post 7.5 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 8th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Friday, November 8th. Bread Financial’s dividend payout ratio is currently 13.38%.

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.