Brokerages Set Bread Financial Holdings, Inc. (NYSE:BFH) Price Target at $110.58

Shares of Bread Financial Holdings, Inc. (NYSE:BFH) have been assigned an average rating of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $110.5833.

BFH has been the topic of several research analyst reports. Evercore reaffirmed an “outperform” rating and set a $116.00 price objective on shares of Bread Financial in a research note on Monday, July 6th. Seaport Research Partners reiterated a “buy” rating and issued a $119.00 target price on shares of Bread Financial in a research note on Monday, July 27th. The Goldman Sachs Group boosted their target price on Bread Financial from $94.00 to $108.00 and gave the stock a “neutral” rating in a report on Tuesday, July 7th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Bread Financial in a research report on Wednesday, June 10th. 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 report on Tuesday, June 30th.

Bread Financial Stock Up 2.0%

Shares of NYSE BFH opened at $110.22 on Thursday. The stock has a market cap of $4.23 billion, a PE ratio of 8.60, a PEG ratio of 0.69 and a beta of 1.11. The business has a fifty day moving average of $102.86 and a two-hundred day moving average of $87.42. Bread Financial has a 52-week low of $53.83 and a 52-week high of $114.12. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.17.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, July 23rd. The company reported $3.55 EPS for the quarter, beating the consensus estimate of $2.74 by $0.81. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The company had revenue of $992.00 million for the quarter, compared to the consensus estimate of $959.32 million. During the same quarter in the previous year, the company earned $3.15 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities research analysts expect that Bread Financial will post 12.1 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

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

Insider Activity

In other news, Director Praniti Lakhwara sold 2,802 shares of the firm’s stock in a transaction 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 directly owned 4,458 shares in the company, valued at approximately $473,082.96. This trade represents a 38.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ralph J. Andretta sold 15,000 shares of Bread Financial stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $89.10, for a total value of $1,336,500.00. Following the completion of the transaction, the chief executive officer directly owned 582,241 shares of the company’s stock, valued at $51,877,673.10. This represents a 2.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bread Financial

A number of institutional investors have recently modified their holdings of BFH. Fifth Third Bancorp raised its stake in shares of Bread Financial by 5,814.5% during the first quarter. Fifth Third Bancorp now owns 17,566 shares of the company’s stock worth $1,315,000 after buying an additional 17,269 shares during the last quarter. UBS Group AG boosted its stake in Bread Financial by 100.4% in the fourth quarter. UBS Group AG now owns 716,725 shares of the company’s stock valued at $53,059,000 after acquiring an additional 359,088 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Bread Financial by 38,301.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 215,815 shares of the company’s stock valued at $15,977,000 after acquiring an additional 215,253 shares during the last quarter. Intech Investment Management LLC boosted its stake in Bread Financial by 240.1% in the fourth quarter. Intech Investment Management LLC now owns 156,689 shares of the company’s stock valued at $11,600,000 after acquiring an additional 110,616 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in Bread Financial by 23.6% during the 1st quarter. California State Teachers Retirement System now owns 54,175 shares of the company’s stock worth $4,057,000 after acquiring an additional 10,347 shares during the period. 99.52% of the stock is owned by institutional investors.

Bread Financial Company Profile

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.