Bread Financial Holdings, Inc. (NYSE:BFH) Given Average Rating of “Hold” by Brokerages

Shares of Bread Financial Holdings, Inc. (NYSE:BFH) have been assigned a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $110.5833.

A number of equities research analysts have commented on BFH shares. Seaport Research Partners reissued a “buy” rating and issued a $119.00 price objective on shares of Bread Financial in a research report on Monday, July 27th. Wall Street Zen raised shares of Bread Financial from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. BTIG Research increased their target price on Bread Financial from $105.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Bread Financial in a research note on Wednesday, June 10th. Finally, Morgan Stanley set a $107.00 price target on Bread Financial in a report on Friday, July 24th.

Insider Activity at Bread Financial

In other Bread Financial news, Director John J. Fawcett purchased 698 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of $86.43 per share, with a total value of $60,328.14. Following the completion of the acquisition, the director directly owned 11,000 shares of the company’s stock, valued at $950,730. This trade represents a 6.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Praniti Lakhwara sold 2,802 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total transaction of $297,348.24. Following the completion of the transaction, the director owned 4,458 shares in the company, valued at $473,082.96. This represents a 38.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bread Financial

Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in shares of Bread Financial by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,086,060 shares of the company’s stock worth $231,111,000 after purchasing an additional 9,854 shares in the last quarter. Franklin Resources Inc. raised its position in Bread Financial by 17.3% during the 4th quarter. Franklin Resources Inc. now owns 2,029,894 shares of the company’s stock worth $150,273,000 after buying an additional 299,439 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Bread Financial by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,159,731 shares of the company’s stock worth $85,866,000 after acquiring an additional 14,257 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of Bread Financial by 21.6% in the 4th quarter. Allianz Asset Management GmbH now owns 1,147,366 shares of the company’s stock worth $84,940,000 after acquiring an additional 203,707 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of Bread Financial by 14.7% in the first quarter. Hsbc Holdings PLC now owns 1,009,890 shares of the company’s stock valued at $74,667,000 after acquiring an additional 129,774 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Stock Down 0.1%

BFH stock opened at $112.33 on Thursday. The company’s 50 day moving average price is $100.92 and its 200 day moving average price is $86.12. 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 has a fifty-two week low of $53.83 and a fifty-two week high of $114.12. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 0.73 and a beta of 1.11.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share 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 firm had revenue of $992.00 million for the quarter, compared to analysts’ expectations of $959.32 million. During the same quarter last year, the company earned $3.15 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts anticipate that Bread Financial will post 11.82 EPS for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently announced 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. This represents a $0.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, August 31st. Bread Financial’s dividend payout ratio (DPR) is 7.18%.

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.