Bread Financial Holdings, Inc. (NYSE:BFH) Given Consensus Recommendation of “Hold” by Analysts

Bread Financial Holdings, Inc. (NYSE:BFH) has earned an average recommendation of “Hold” from the fifteen research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $112.0769.

A number of research analysts have issued reports on the company. Loop Capital initiated coverage on Bread Financial in a research note on Thursday, May 21st. They set a “buy” rating and a $104.00 price objective for the company. Wall Street Zen raised Bread Financial from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. TD Cowen raised their price target on Bread Financial from $103.00 to $114.00 and gave the company a “hold” rating in a report on Friday, July 24th. Morgan Stanley set a $107.00 price target on Bread Financial in a research report on Friday, July 24th. Finally, Barclays upped their price target on shares of Bread Financial from $104.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th.

Insider Activity at Bread Financial

In related news, Director Praniti Lakhwara sold 2,802 shares of the firm’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 owned 4,458 shares of the company’s stock, valued at $473,082.96. This trade represents a 38.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bread Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Bread Financial by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,589 shares of the company’s stock valued at $1,482,000 after purchasing an additional 1,286 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Bread Financial by 46.5% in the 1st quarter. Millennium Management LLC now owns 345,902 shares of the company’s stock worth $17,323,000 after purchasing an additional 109,864 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Bread Financial by 104.8% in the first quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company’s stock worth $36,889,000 after purchasing an additional 376,920 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Bread Financial by 3.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,833 shares of the company’s stock worth $7,904,000 after purchasing an additional 4,624 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Bread Financial during the first quarter valued at $65,000. 99.52% of the stock is owned by institutional investors.

Bread Financial Price Performance

Shares of NYSE BFH opened at $105.75 on Monday. Bread Financial has a fifty-two week low of $53.83 and a fifty-two week high of $114.53. The company has a 50 day simple moving average of $105.31 and a two-hundred day simple moving average of $90.37. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 0.67 and a beta of 1.11. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.17.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $3.55 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.81. The firm had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $959.32 million. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%.The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.15 EPS. Analysts expect that Bread Financial will post 12.1 EPS for the current fiscal year.

Bread Financial Announces Dividend

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

About Bread Financial

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.