Analysts Set Bread Financial Holdings, Inc. (NYSE:BFH) Price Target at $64.42

Key Points

• Bread Financial Holdings, Inc. has received a consensus recommendation of "Hold" from analysts, with three ratings for sell, six for hold, and four for buy.
• The company's recent quarterly earnings showed a significant increase in earnings per share, reporting $3.14 against an expected $1.85, although revenue decreased by 1.1% year-over-year.
• Bread Financial recently declared a quarterly dividend of $0.21 per share, resulting in an annualized yield of 1.33% and a payout ratio of 14.21%.

Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) has been given a consensus rating of "Hold" by the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $64.42.

Several research firms recently commented on BFH. Morgan Stanley increased their target price on shares of Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a research note on Monday, May 12th. Royal Bank Of Canada boosted their price target on shares of Bread Financial from $65.00 to $74.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Jefferies Financial Group boosted their price target on shares of Bread Financial from $45.00 to $50.00 and gave the company a "hold" rating in a report on Thursday, April 24th. Barclays reiterated an "underweight" rating and issued a $52.00 price objective (up previously from $45.00) on shares of Bread Financial in a research note on Tuesday, July 8th. Finally, BTIG Research set a $105.00 price objective on shares of Bread Financial and gave the company a "buy" rating in a research note on Monday, July 14th.

Institutional Investors Weigh In On Bread Financial

Several institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Bread Financial by 28.0% in the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock worth $73,000 after acquiring an additional 319 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Bread Financial by 2.9% during the 1st quarter. Allianz Asset Management GmbH now owns 488,316 shares of the company's stock worth $24,455,000 after buying an additional 13,656 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Bread Financial during the 4th quarter worth approximately $338,000. Janney Montgomery Scott LLC lifted its holdings in shares of Bread Financial by 51.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,720 shares of the company's stock worth $1,639,000 after purchasing an additional 11,069 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Bread Financial by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 244,503 shares of the company's stock worth $12,245,000 after purchasing an additional 3,416 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Bread Financial Stock Down 1.6%

Shares of NYSE:BFH traded down $0.99 during midday trading on Friday, hitting $61.79. 842,761 shares of the company's stock traded hands, compared to its average volume of 663,003. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.18. The company has a market cap of $2.88 billion, a PE ratio of 10.46, a P/E/G ratio of 1.07 and a beta of 1.38. The firm's fifty day moving average price is $56.36 and its two-hundred day moving average price is $54.36. Bread Financial has a twelve month low of $38.21 and a twelve month high of $66.71.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $3.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $1.29. The business had revenue of $929.00 million during the quarter, compared to the consensus estimate of $944.69 million. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The company's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.66 EPS. On average, equities research analysts anticipate that Bread Financial will post 6.45 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 8th will be given a $0.21 dividend. The ex-dividend date is Friday, August 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.36%. Bread Financial's payout ratio is presently 14.21%.

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.