Bread Financial Holdings, Inc. (BFH) - What Are Brokerages Thinking About This Stock?

Key Points

• Broker sentiment is mixed: Sixteen analysts rate Bread Financial a consensus “Hold,” with eight buys, seven holds and one sell. The average 12-month price target is $112.29, above the reported share price of $102.52.
• Quarterly results exceeded expectations: Bread Financial reported adjusted earnings of $3.55 per share versus the $2.74 consensus estimate, while revenue rose 6.9% year over year to $993 million.
• Institutional ownership is substantial: Institutional investors and hedge funds own 99.52% of the stock, while insiders hold 1.30%; a company director recently sold 2,802 shares. The company also pays a quarterly dividend of $0.23 per share, yielding about 0.9%.

Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) has been assigned a consensus recommendation of "Hold" from the sixteen brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $112.29.

BFH has been the subject of several research analyst reports. Evercore set a $118.00 price target on Bread Financial in a research note on Thursday, October 1st. Wolfe Research raised Bread Financial from a "peer perform" rating to an "outperform" rating and set a $130.00 price objective on the stock in a research note on Tuesday, August 25th. UBS Group lifted their price objective on Bread Financial from $120.00 to $127.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Barclays boosted their target price on Bread Financial from $109.00 to $110.00 and gave the stock an "equal weight" rating in a report on Monday, October 5th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Bread Financial in a report on Friday, July 24th.

Insiders Place Their Bets

In other Bread Financial news, Director Praniti Lakhwara sold 2,802 shares of the business's 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 sale, the director directly owned 4,458 shares in the company, valued at $473,082.96. The trade was a 38.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bread Financial

Large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Bread Financial during the 2nd quarter valued at $421,314,000. Dimensional Fund Advisors LP lifted its holdings in Bread Financial by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,086,060 shares of the company's stock worth $231,111,000 after buying an additional 9,854 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Bread Financial in the 2nd quarter valued at about $98,764,000. Bank of America Corp DE purchased a new position in Bread Financial in the 2nd quarter valued at about $65,806,000. Finally, Copeland Capital Management LLC acquired a new stake in shares of Bread Financial during the third quarter valued at about $55,054,000. Institutional investors and hedge funds own 99.52% of the company's stock.

Bread Financial Stock Down 0.0%

Shares of NYSE BFH opened at $102.52 on Tuesday. The stock has a market capitalization of $3.94 billion, a PE ratio of 8.00, a P/E/G ratio of 0.81 and a beta of 1.15. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm has a fifty day moving average of $104.91 and a 200-day moving average of $97.99. Bread Financial has a 52-week low of $59.16 and a 52-week high of $114.53.

Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.81. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%. The business had revenue of $993.00 million for the quarter, compared to analyst estimates of $959.32 million. During the same period last year, the company posted $3.15 EPS. The business's quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts anticipate that Bread Financial will post 12.10 EPS for the current year.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, August 31st. Bread Financial's payout ratio is 7.18%.

Bread Financial Company Profile

Bread Financial Holdings, Inc NYSE: BFH is a financial services company that provides payment, lending and savings solutions to consumers and businesses. Its offerings include private-label and co-branded credit cards, installment lending, buy now, pay later services and deposit products.

The company operates through its Bread platform, which supports merchants with financing options, payment processing and customer loyalty solutions. Its consumer products have included Bread Cashback credit cards, Bread Pay installment payment services and Bread Savings deposit accounts.

Bread Financial primarily serves consumers and merchants in the United States, with solutions designed for retail, travel, home improvement and other industries.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.