Analysts Set Bread Financial Holdings, Inc. (NYSE:BFH) Target Price at $80.09

Shares of Bread Financial Holdings, Inc. (NYSE:BFH) have earned a consensus recommendation of “Hold” from the fifteen research firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $81.0833.

Several equities analysts have weighed in on BFH shares. Evercore upgraded Bread Financial from a “hold” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Thursday, February 5th. Keefe, Bruyette & Woods boosted their price target on shares of Bread Financial from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $72.00 price objective on shares of Bread Financial in a research note on Thursday, December 4th. TD Cowen boosted their target price on Bread Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. Finally, Bank of America set a $92.00 target price on Bread Financial and gave the company an “overweight” rating in a report on Wednesday.

Bread Financial Stock Down 0.2%

Shares of NYSE BFH opened at $71.53 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.17 and a quick ratio of 1.17. The company has a 50-day moving average price of $73.68 and a 200-day moving average price of $68.33. The stock has a market capitalization of $3.08 billion, a P/E ratio of 6.60, a P/E/G ratio of 0.44 and a beta of 1.20. Bread Financial has a 1 year low of $38.21 and a 1 year high of $82.03.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, January 29th. The company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $1.67. The company had revenue of $975.00 million for the quarter, compared to analyst estimates of $954.74 million. Bread Financial had a net margin of 11.02% and a return on equity of 17.92%. During the same quarter in the prior year, the business posted $0.41 EPS. On average, equities research analysts forecast that Bread Financial will post 6.45 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.92 annualized dividend and a yield of 1.3%. Bread Financial’s payout ratio is currently 8.49%.

Bread Financial declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 26th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the company to buy up to 19% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Bread Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in BFH. Kemnay Advisory Services Inc. purchased a new stake in Bread Financial during the fourth quarter worth about $28,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Bread Financial during the 4th quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Bread Financial by 141.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the company’s stock worth $31,000 after purchasing an additional 329 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Bread Financial by 127.2% in the second quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock valued at $41,000 after purchasing an additional 398 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. bought a new position in Bread Financial during the second quarter valued at $42,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

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.