Brokerages Set Bread Financial Holdings, Inc. (NYSE:BFH) Target Price at $60.27

Shares of Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) have earned an average rating of "Hold" from the twelve brokerages that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $60.27.

A number of analysts have commented on BFH shares. JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a report on Monday, April 28th. The Goldman Sachs Group reduced their price target on Bread Financial from $68.00 to $58.00 and set a "sell" rating on the stock in a research report on Tuesday, March 18th. Morgan Stanley upped their price objective on Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a report on Monday, May 12th. Finally, Jefferies Financial Group raised their target price on Bread Financial from $45.00 to $50.00 and gave the stock a "hold" rating in a report on Thursday, April 24th.

Hedge Funds Weigh In On Bread Financial

Institutional investors and hedge funds have recently modified their holdings of the business. O Shaughnessy Asset Management LLC boosted its holdings in shares of Bread Financial by 2.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,248 shares of the company's stock valued at $443,000 after buying an additional 175 shares during the period. Summit Investment Advisors Inc. lifted its position in Bread Financial by 3.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,202 shares of the company's stock valued at $318,000 after acquiring an additional 184 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Bread Financial by 0.7% in the 1st quarter. Mackenzie Financial Corp now owns 40,918 shares of the company's stock worth $2,049,000 after purchasing an additional 296 shares during the period. Federated Hermes Inc. boosted its stake in Bread Financial by 1.0% in the 4th quarter. Federated Hermes Inc. now owns 30,641 shares of the company's stock worth $1,871,000 after purchasing an additional 305 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Bread Financial by 28.0% during the 1st quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock worth $73,000 after purchasing an additional 319 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Trading Up 0.9%

Bread Financial stock traded up $0.52 during mid-day trading on Wednesday, hitting $60.40. The stock had a trading volume of 353,481 shares, compared to its average volume of 872,549. The stock has a 50-day simple moving average of $52.49 and a two-hundred day simple moving average of $54.37. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.81 billion, a PE ratio of 10.73, a P/E/G ratio of 1.12 and a beta of 1.38. Bread Financial has a 12 month low of $38.21 and a 12 month high of $66.71.

Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.76. The company had revenue of $970.00 million for the quarter, compared to analyst estimates of $956.17 million. Bread Financial had a net margin of 5.89% and a return on equity of 12.60%. The company's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.73 EPS. As a group, sell-side analysts forecast that Bread Financial will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 9th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Friday, May 9th. Bread Financial's dividend payout ratio is currently 14.92%.

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.