Barclays Trims Bread Financial (NYSE:BFH) Target Price to $35.00

Bread Financial (NYSE:BFH) had its price target cut by Barclays from $37.00 to $35.00 in a research note published on Tuesday, Benzinga reports. They currently have an underweight rating on the stock.

A number of other research analysts have also recently commented on BFH. JMP Securities reissued a market perform rating on shares of Bread Financial in a research report on Thursday, June 20th. The Goldman Sachs Group boosted their target price on shares of Bread Financial from $40.00 to $53.00 and gave the stock a sell rating in a research report on Monday, July 29th. Bank of America reduced their target price on shares of Bread Financial from $61.00 to $57.00 and set a buy rating on the stock in a research report on Wednesday, September 25th. Royal Bank of Canada boosted their target price on shares of Bread Financial from $47.00 to $58.00 and gave the stock a sector perform rating in a research report on Friday, July 26th. Finally, TD Cowen upped their price target on shares of Bread Financial from $44.00 to $57.00 and gave the company a hold rating in a report on Friday, July 26th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $50.07.

Bread Financial Price Performance

BFH opened at $49.16 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.41. Bread Financial has a 52-week low of $26.08 and a 52-week high of $59.66. The company has a 50 day moving average of $51.24 and a two-hundred day moving average of $45.03. The company has a market cap of $2.44 billion, a P/E ratio of 6.19, a P/E/G ratio of 0.17 and a beta of 1.94.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, July 25th. The company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $1.06. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The company had revenue of $939.00 million during the quarter, compared to the consensus estimate of $922.01 million. During the same period in the previous year, the firm earned $1.27 earnings per share. Bread Financial’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts expect that Bread Financial will post 7.49 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 9th were given a $0.21 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.84 dividend on an annualized basis and a yield of 1.71%. Bread Financial’s dividend payout ratio is presently 10.58%.

Hedge Funds Weigh In On Bread Financial

A number of institutional investors and hedge funds have recently bought and sold shares of BFH. Hotchkis & Wiley Capital Management LLC grew its position in Bread Financial by 20.0% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 392,260 shares of the company’s stock valued at $12,921,000 after buying an additional 65,450 shares in the last quarter. Vista Investment Management grew its position in Bread Financial by 6.8% in the 4th quarter. Vista Investment Management now owns 25,271 shares of the company’s stock valued at $832,000 after buying an additional 1,613 shares in the last quarter. Pinnacle Holdings LLC bought a new position in Bread Financial in the 4th quarter valued at about $83,000. Bridgeway Capital Management LLC grew its position in Bread Financial by 10.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 528,003 shares of the company’s stock valued at $17,392,000 after buying an additional 50,474 shares in the last quarter. Finally, Sierra Summit Advisors LLC bought a new position in shares of Bread Financial during the 4th quarter valued at about $220,000. Institutional investors own 99.52% of the company’s stock.

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.