Bread Financial Holdings, Inc. (NYSE:BFH) Stock Has Consensus Price Target of $112.29 According to Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Bread Financial, with eight buy, one strong-buy, six hold and one sell rating. The average 12-month price target is $112.29, versus a reported share price of $101.46.
• Bread Financial exceeded quarterly expectations, reporting $3.55 in EPS versus the $2.74 consensus estimate and $993 million in revenue, up 6.9% year over year.
• The company paid a quarterly dividend of $0.23 per share, equivalent to an annualized $0.92 dividend and a 0.9% yield; institutional investors own 99.52% of the stock.

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

BFH has been the subject of several research reports. Barclays increased their target price on Bread Financial from $104.00 to $109.00 and gave the company an "equal weight" rating in a research report on Friday, July 24th. Seaport Research Partners reaffirmed a "buy" rating and issued a $119.00 price objective on shares of Bread Financial in a research note on Monday, July 27th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $115.00 price objective on shares of Bread Financial in a report on Friday, July 24th. BTIG Research lifted their target price on shares of Bread Financial from $105.00 to $132.00 and gave the stock a "buy" rating in a research report on Tuesday, June 30th. Finally, Wells Fargo & Company assumed coverage on shares of Bread Financial in a research report on Friday, September 11th. They set an "equal weight" rating and a $115.00 target price on the stock.

Insider Activity at Bread Financial

In related news, Director Praniti Lakhwara sold 2,802 shares of the business's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total value of $297,348.24. Following the sale, the director owned 4,458 shares of the company's stock, valued at $473,082.96. The trade was a 38.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. QRG Capital Management Inc. lifted its holdings in Bread Financial by 10.1% during the 2nd quarter. QRG Capital Management Inc. now owns 4,127 shares of the company's stock worth $447,000 after buying an additional 380 shares during the period. Engineers Gate Manager LP raised its position in shares of Bread Financial by 238.9% during the second quarter. Engineers Gate Manager LP now owns 25,470 shares of the company's stock worth $2,760,000 after acquiring an additional 17,955 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Bread Financial during the second quarter worth about $128,000. IFP Advisors Inc lifted its stake in shares of Bread Financial by 125.8% in the second quarter. IFP Advisors Inc now owns 490 shares of the company's stock worth $53,000 after acquiring an additional 273 shares during the period. Finally, Allworth Financial LP lifted 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 worth $74,000 after acquiring an additional 145 shares during the period. 99.52% of the stock is owned by institutional investors.

Bread Financial Stock Up 2.3%

Shares of NYSE:BFH opened at $101.46 on Friday. Bread Financial has a 52-week low of $53.83 and a 52-week high of $114.53. The company has a market capitalization of $3.90 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 0.64 and a beta of 1.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.17. The company has a fifty day moving average of $107.09 and a 200-day moving average of $94.76.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.81. The company had revenue of $993.00 million for the quarter, compared to the consensus estimate of $959.32 million. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%.Bread Financial's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $3.15 EPS. On average, equities analysts predict that Bread Financial will post 12.22 EPS for the current fiscal year.

Bread Financial Dividend Announcement

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

About Bread Financial

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

The company works with retailers and brands to design and manage customized credit programs, including account servicing, underwriting, transaction processing and customer engagement services.

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