Bread Financial Holdings, Inc. (NYSE:BFH) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Bread Financial Holdings, Inc. (NYSE:BFH) have been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $112.0769.

A number of research firms have commented on BFH. The Goldman Sachs Group boosted their price target on shares of Bread Financial from $94.00 to $108.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. Bank of America reaffirmed a “buy” rating and set a $108.00 price objective on shares of Bread Financial in a report on Wednesday, June 10th. Wall Street Zen upgraded shares of Bread Financial from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. TD Cowen increased their target price on Bread Financial from $103.00 to $114.00 and gave the company a “hold” rating in a research note on Friday, July 24th. Finally, BTIG Research raised their price target on Bread Financial from $105.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th.

Insider Buying and Selling at Bread Financial

In related news, Director Praniti Lakhwara sold 2,802 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $106.12, for a total value of $297,348.24. Following the completion of the sale, the director owned 4,458 shares in the company, valued at $473,082.96. The trade was a 38.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. California State Teachers Retirement System grew its stake in shares of Bread Financial by 10,413.6% during the second quarter. California State Teachers Retirement System now owns 5,695,743 shares of the company’s stock valued at $617,134,000 after buying an additional 5,641,568 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Bread Financial in the 2nd quarter valued at about $421,314,000. Hsbc Holdings PLC bought a new stake in shares of Bread Financial in the 2nd quarter valued at about $98,764,000. Bank of America Corp DE purchased a new stake in Bread Financial during the 2nd quarter valued at about $65,806,000. Finally, Empowered Funds LLC bought a new position in Bread Financial during the 2nd quarter worth approximately $50,051,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Stock Performance

NYSE:BFH opened at $110.70 on Monday. The stock has a market cap of $4.25 billion, a P/E ratio of 8.63, a PEG ratio of 0.70 and a beta of 1.10. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.25. The business’s 50-day moving average price is $105.48 and its two-hundred day moving average price is $91.51. Bread Financial has a twelve month low of $53.83 and a twelve month high of $114.53.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $3.55 EPS for the quarter, topping the consensus estimate of $2.74 by $0.81. The company had revenue of $993.00 million during the quarter, compared to analyst estimates of $959.32 million. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%.Bread Financial’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.15 earnings per share. As a group, equities analysts predict that Bread Financial will post 12.1 EPS for the current fiscal year.

Bread Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.23 per share. The ex-dividend date is Monday, August 31st. This represents a $0.92 annualized dividend and a dividend yield of 0.8%. Bread Financial’s dividend payout ratio is 7.18%.

About Bread Financial

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.