Brokerages Set Bread Financial Holdings, Inc. (NYSE:BFH) Target Price at $40.92 (2024)

Shares of Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) have received an average recommendation of "Hold" from the sixteen analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $40.92.

Several research firms recently commented on BFH. Wolfe Research raised shares of Bread Financial from a "peer perform" rating to an "outperform" rating and set a $48.00 price objective for the company in a report on Thursday, April 4th. Barclays reduced their target price on shares of Bread Financial from $27.00 to $26.00 and set an "underweight" rating on the stock in a report on Tuesday, April 9th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $67.00 target price on shares of Bread Financial in a report on Monday, June 17th. JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a report on Thursday. Finally, Argus cut shares of Bread Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, May 1st.

Read Our Latest Stock Report on Bread Financial

Institutional Trading of Bread Financial

A number of large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its stake in shares of Bread Financial by 19.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company's stock valued at $124,000 after purchasing an additional 603 shares during the period. Quadrature Capital Ltd grew its position in shares of Bread Financial by 2.4% during the 4th quarter. Quadrature Capital Ltd now owns 25,993 shares of the company's stock valued at $856,000 after acquiring an additional 611 shares during the period. ProShare Advisors LLC grew its position in shares of Bread Financial by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 10,011 shares of the company's stock valued at $373,000 after acquiring an additional 688 shares during the period. Texas Permanent School Fund Corp increased its stake in shares of Bread Financial by 1.7% in the 1st quarter. Texas Permanent School Fund Corp now owns 43,174 shares of the company's stock worth $1,608,000 after purchasing an additional 721 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Bread Financial by 3.4% in the 1st quarter. Russell Investments Group Ltd. now owns 22,087 shares of the company's stock worth $823,000 after purchasing an additional 722 shares during the period. 99.52% of the stock is currently owned by institutional investors.

Bread Financial Stock Down 0.2 %

Bread Financial stock traded down $0.07 during trading on Friday, hitting $43.96. 1,520,663 shares of the company were exchanged, compared to its average volume of 570,433. The company has a market capitalization of $2.18 billion, a P/E ratio of 5.54, a PEG ratio of 0.20 and a beta of 1.94. The business's 50 day moving average is $39.61 and its 200 day moving average is $36.51. Bread Financial has a 52 week low of $26.08 and a 52 week high of $44.56. 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 (NYSE:BFH - Get Free Report) last released its earnings results on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing analysts' consensus estimates of $2.92 by ($0.19). Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The company had revenue of $991.00 million during the quarter, compared to analysts' expectations of $998.96 million. During the same quarter in the previous year, the firm earned $9.08 earnings per share. The firm's revenue was down 23.1% compared to the same quarter last year. Analysts predict that Bread Financial will post 5.63 earnings per share for the current year.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 10th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Thursday, May 9th. Bread Financial's dividend payout ratio is currently 10.58%.

About Bread Financial

(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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