Keefe, Bruyette & Woods Lowers Bread Financial (NYSE:BFH) Price Target to $71.00

Key Points

• Keefe, Bruyette & Woods has reduced its price target for Bread Financial (NYSE:BFH) from $88.00 to $71.00, maintaining an "outperform" rating, indicating a potential upside of 28.66% from the current stock price.
• Other analysts have mixed ratings on BFH, with Barclays setting a low target of $52.00 while BTIG Research has a target of $105.00, reflecting a wide range of opinions about the stock's future performance.
• Bread Financial recently reported better-than-expected earnings per share of $3.14 for the last quarter, significantly surpassing the consensus estimate of $1.85, despite a year-over-year revenue decline of 1.1%.

Bread Financial (NYSE:BFH - Get Free Report) had its price target cut by analysts at Keefe, Bruyette & Woods from $88.00 to $71.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' target price points to a potential upside of 28.66% from the stock's current price.

A number of other research firms have also recently commented on BFH. Barclays restated an "underweight" rating and issued a $52.00 price objective (up previously from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. BTIG Research set a $105.00 target price on Bread Financial and gave the company a "buy" rating in a research note on Monday, July 14th. Morgan Stanley boosted their target price on shares of Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a report on Monday. Evercore ISI lowered their price objective on shares of Bread Financial from $68.00 to $64.00 and set an "in-line" rating for the company in a research note on Tuesday. Finally, Royal Bank Of Canada raised their target price on shares of Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $66.40.

Bread Financial Price Performance

Shares of NYSE:BFH traded down $0.59 on Wednesday, hitting $55.19. The company had a trading volume of 368,371 shares, compared to its average volume of 795,304. The business has a 50 day moving average of $62.05 and a 200 day moving average of $55.53. The company has a market cap of $2.57 billion, a PE ratio of 9.34, a PEG ratio of 0.53 and a beta of 1.46. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36. Bread Financial has a 52-week low of $38.21 and a 52-week high of $68.01.

Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $3.14 EPS for the quarter, topping the consensus estimate of $1.85 by $1.29. The company had revenue of $929.00 million during the quarter, compared to analyst estimates of $944.69 million. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%.The business's revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.66 EPS. Bread Financial has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Bread Financial will post 6.45 earnings per share for the current fiscal year.

Bread Financial announced that its board has authorized a share repurchase program on Wednesday, August 27th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

Insider Transactions at Bread Financial

In other Bread Financial news, Director John J. Fawcett acquired 1,027 shares of the firm's stock in a transaction on Wednesday, July 30th. The stock was purchased at an average cost of $61.79 per share, for a total transaction of $63,458.33. Following the transaction, the director owned 10,302 shares of the company's stock, valued at $636,560.58. The trade was a 11.07% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BFH. Curat Global LLC acquired a new stake in Bread Financial during the 1st quarter worth approximately $28,000. Quarry LP lifted its stake in shares of Bread Financial by 947.5% in the 1st quarter. Quarry LP now owns 639 shares of the company's stock valued at $32,000 after purchasing an additional 578 shares during the period. EverSource Wealth Advisors LLC raised its stake in Bread Financial by 127.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company's stock worth $41,000 after buying an additional 398 shares during the period. BOK Financial Private Wealth Inc. bought a new stake in Bread Financial during the 2nd quarter worth approximately $42,000. Finally, Versant Capital Management Inc increased its position in shares of Bread Financial by 182.8% during the first quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock valued at $65,000 after acquiring an additional 839 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

About Bread Financial

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.