Bread Financial (NYSE:BFH) Given New $120.00 Price Target at UBS Group

Bread Financial (NYSE:BFH) had its target price lowered by equities researchers at UBS Group from $127.00 to $120.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group‘s price objective points to a potential upside of 12.30% from the company’s previous close.

BFH has been the subject of a number of other reports. Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $130.00 price target for the company in a research report on Tuesday, August 25th. TD Cowen boosted their price target on Bread Financial from $111.00 to $113.00 and gave the company a “hold” rating in a research note on Friday, October 23rd. Evercore set a $118.00 price target on Bread Financial in a research report on Thursday, October 1st. Citigroup restated a “market perform” rating on shares of Bread Financial in a research note on Monday, October 26th. Finally, Zacks Research cut Bread Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $111.71.

Bread Financial Stock Performance

NYSE:BFH traded up $3.45 during mid-day trading on Monday, reaching $106.86. 586,045 shares of the company’s stock were exchanged, compared to its average volume of 689,650. Bread Financial has a one year low of $59.26 and a one year high of $114.53. The firm has a market capitalization of $4.06 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 0.79 and a beta of 1.26. The business’s fifty day simple moving average is $103.82 and its two-hundred day simple moving average is $91.61. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.16 and a current ratio of 1.16.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.50. Bread Financial had a net margin of 11.19% and a return on equity of 17.24%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the company earned $4.02 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Analysts anticipate that Bread Financial will post 12.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director John Fawcett bought 5,000 shares of the company’s stock in a transaction dated Wednesday, October 28th. The stock was bought at an average cost of $24.70 per share, for a total transaction of $123,500.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at $123,500. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Bread Financial

Large investors have recently made changes to their positions in the company. Vise Technologies Inc. acquired a new position in Bread Financial during the third quarter valued at approximately $631,000. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in shares of Bread Financial by 389.3% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,700 shares of the company’s stock valued at $1,339,000 after purchasing an additional 10,900 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Bread Financial by 2.6% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 3,915 shares of the company’s stock valued at $383,000 after purchasing an additional 100 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new position in shares of Bread Financial in the 3rd quarter valued at $585,000. Finally, Root Financial Partners LLC bought a new position in shares of Bread Financial in the 3rd quarter valued at $45,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

About Bread Financial

Bread Financial Holdings, Inc (NYSE: BFH) is a financial services company that provides payment, lending and savings solutions to consumers and businesses. Its offerings include private-label and co-branded credit cards, installment lending, buy now, pay later services and deposit products.

The company operates through its Bread platform, which supports merchants with financing options, payment processing and customer loyalty solutions. Its consumer products have included Bread Cashback credit cards, Bread Pay installment payment services and Bread Savings deposit accounts.

Bread Financial primarily serves consumers and merchants in the United States, with solutions designed for retail, travel, home improvement and other industries.