Bread Financial Holdings, Inc. (NYSE:BFH) Stock Has Consensus Price Target of $111.71 According to Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Bread Financial: of 17 firms, eight recommend buying, eight holding, and one selling. Their average 12-month price target is $111.71, versus a reported share price of $98.60.
• Bread Financial’s latest quarterly results beat estimates, with EPS of $3.84 versus $3.34 expected and revenue of $1.02 billion versus $1.01 billion expected. Revenue rose 4.7% year over year, while EPS was down from $4.02 a year earlier.
• The company raised its quarterly dividend from $0.23 to $0.25 per share, equivalent to $1.00 annually and a 1.0% yield.

Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) has received a consensus recommendation of "Hold" from the seventeen research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $111.71.

A number of research analysts have issued reports on the stock. TD Cowen raised their price target on shares of Bread Financial from $111.00 to $113.00 and gave the stock a "hold" rating in a report on Friday, October 23rd. Wells Fargo & Company started coverage on Bread Financial in a report on Friday, September 11th. They set an "equal weight" rating and a $115.00 target price for the company. Morgan Stanley set a $107.00 price target on shares of Bread Financial in a research report on Friday, July 24th. Wall Street Zen upgraded shares of Bread Financial from a "hold" rating to a "buy" rating in a research report on Saturday, October 24th. Finally, Citigroup reissued a "market perform" rating on shares of Bread Financial in a report on Monday, October 26th.

Bread Financial Stock Up 0.7%

Shares of NYSE BFH traded up $0.69 during midday trading on Friday, reaching $98.60. 319,181 shares of the company's stock traded hands, compared to its average volume of 667,613. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The stock's 50 day simple moving average is $102.81 and its 200-day simple moving average is $93.16. Bread Financial has a one year low of $59.26 and a one year high of $114.53. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 7.78, a P/E/G ratio of 0.69 and a beta of 1.26.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The company reported $3.84 EPS for the quarter, topping the consensus estimate of $3.34 by $0.50. Bread Financial had a return on equity of 17.24% and a net margin of 11.19%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company posted $4.02 EPS. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts predict that Bread Financial will post 12.66 EPS for the current fiscal year.

Bread Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, November 30th. This is a positive change from Bread Financial's previous quarterly dividend of $0.23. Bread Financial's dividend payout ratio (DPR) is 7.26%.

Insiders Place Their Bets

In related news, Director John Fawcett bought 10,000 shares of the company's stock in a transaction that occurred on Tuesday, November 10th. The shares were purchased at an average cost of $22.60 per share, with a total value of $226,000.00. Following the transaction, the director directly owned 15,000 shares of the company's stock, valued at approximately $339,000. This represents a 200.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 15,016 shares of company stock worth $351,230 over the last 90 days. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bread Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in Bread Financial by 2.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,842 shares of the company's stock valued at $416,000 after buying an additional 99 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its position in shares of Bread Financial by 2.6% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 3,915 shares of the company's stock valued at $383,000 after acquiring an additional 100 shares during the period. Allworth Financial LP raised its stake in shares of Bread Financial by 27.2% in the second quarter. Allworth Financial LP now owns 679 shares of the company's stock valued at $74,000 after purchasing an additional 145 shares in the last quarter. Royce & Associates LP lifted its position in shares of Bread Financial by 0.5% during the 3rd quarter. Royce & Associates LP now owns 42,032 shares of the company's stock worth $4,109,000 after buying an additional 220 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of Bread Financial by 58.7% in the first quarter. Pacer Advisors Inc. now owns 614 shares of the company's stock valued at $46,000 after acquiring an additional 227 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Company Profile

Bread Financial is a consumer financial services company that works with retailers and other businesses to offer payment and lending products. Its services include private-label and co-branded credit cards, installment payment options and other financing solutions designed for purchases with participating merchants. The company also offers deposit products through Bread Savings, including online savings accounts and certificates of deposit. Its products serve consumers primarily in the United States.

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