Analysts Set Bread Financial Holdings, Inc. (NYSE:BFH) Price Target at $64.91

Key Points

• Bread Financial Holdings, Inc. has received a consensus recommendation of "Hold" from twelve brokerages, with ratings varying from sell to buy.
• The company's recent earnings report showed an earnings per share (EPS) of $3.14, beating estimates, but revenue was down 1.1% year-over-year.
• Bread Financial declared a quarterly dividend of $0.21, representing an annualized dividend of $0.84 and a yield of 1.4%.

Shares of Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) have been assigned an average rating of "Hold" from the twelve ratings firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $64.9091.

A number of brokerages have recently issued reports on BFH. Morgan Stanley boosted their target price on shares of Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a research report on Monday, May 12th. JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Royal Bank Of Canada boosted their price target on Bread Financial from $65.00 to $74.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Barclays reaffirmed an "underweight" rating and issued a $52.00 price target (up previously from $45.00) on shares of Bread Financial in a research note on Tuesday, July 8th. Finally, Wall Street Zen downgraded Bread Financial from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th.

Insider Activity

In other news, Director John J. Fawcett acquired 1,027 shares of the stock in a transaction dated Wednesday, July 30th. The stock was bought at an average price of $61.79 per share, with a total value of $63,458.33. Following the completion of the purchase, the director directly owned 10,302 shares of the company's stock, valued at $636,560.58. This represents a 11.07% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bread Financial

A number of institutional investors and hedge funds have recently modified their holdings of the business. Public Sector Pension Investment Board boosted its holdings in shares of Bread Financial by 0.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 186,284 shares of the company's stock worth $10,641,000 after buying an additional 1,294 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Bread Financial during the second quarter worth approximately $184,000. Tower Research Capital LLC TRC raised its position in shares of Bread Financial by 373.9% during the second quarter. Tower Research Capital LLC TRC now owns 6,554 shares of the company's stock worth $374,000 after purchasing an additional 5,171 shares during the period. Corient Private Wealth LLC acquired a new position in shares of Bread Financial during the second quarter worth approximately $220,000. Finally, Oxford Asset Management LLP raised its position in shares of Bread Financial by 96.3% during the second quarter. Oxford Asset Management LLP now owns 9,831 shares of the company's stock worth $562,000 after purchasing an additional 4,823 shares during the period. 99.52% of the stock is currently owned by institutional investors.

Bread Financial Trading Up 1.6%

Bread Financial stock traded up $0.99 during midday trading on Thursday, hitting $63.84. 537,660 shares of the stock were exchanged, compared to its average volume of 545,047. The company has a fifty day simple moving average of $59.78 and a two-hundred day simple moving average of $54.05. Bread Financial has a 52 week low of $38.21 and a 52 week high of $66.71. The stock has a market capitalization of $2.98 billion, a PE ratio of 10.80, a P/E/G ratio of 0.99 and a beta of 1.42. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.36.

Bread Financial (NYSE:BFH - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $3.14 EPS for the quarter, topping the consensus estimate of $1.85 by $1.29. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The firm had revenue of $929.00 million for the quarter, compared to the consensus estimate of $944.69 million. During the same period last year, the company posted $2.66 EPS. The business's quarterly revenue was down 1.1% on a year-over-year basis. Bread Financial has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Bread Financial will post 6.45 EPS for the current fiscal year.

Bread Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 8th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.3%. Bread Financial's dividend payout ratio is currently 14.21%.

About Bread Financial

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.