Analysts Set Bread Financial Holdings, Inc. (NYSE:BFH) Target Price at $59.69

Shares of Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) have earned an average recommendation of "Hold" from the sixteen analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $59.69.

Several analysts have weighed in on BFH shares. Barclays boosted their price target on shares of Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a research note on Friday, January 31st. Compass Point boosted their target price on Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Morgan Stanley upgraded Bread Financial from an "underweight" rating to an "overweight" rating and raised their price target for the stock from $35.00 to $76.00 in a research report on Thursday, December 19th. Royal Bank of Canada boosted their price objective on Bread Financial from $62.00 to $68.00 and gave the company a "sector perform" rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group decreased their target price on shares of Bread Financial from $68.00 to $58.00 and set a "sell" rating on the stock in a research note on Tuesday, March 18th.

Institutional Investors Weigh In On Bread Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management lifted its holdings in shares of Bread Financial by 2,083.3% during the 4th quarter. Picton Mahoney Asset Management now owns 524 shares of the company's stock valued at $32,000 after buying an additional 500 shares during the period. Pinnacle Holdings LLC bought a new position in shares of Bread Financial in the 4th quarter worth approximately $46,000. Smartleaf Asset Management LLC increased its holdings in Bread Financial by 207.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company's stock valued at $86,000 after buying an additional 941 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new position in Bread Financial in the fourth quarter worth approximately $104,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Bread Financial by 64.6% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company's stock worth $125,000 after purchasing an additional 1,033 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

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Bread Financial Price Performance

Shares of Bread Financial stock traded down $0.13 on Monday, hitting $51.32. 660,138 shares of the company traded hands, compared to its average volume of 797,069. Bread Financial has a 12-month low of $32.10 and a 12-month high of $66.71. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. The company has a market cap of $2.52 billion, a P/E ratio of 9.25, a P/E/G ratio of 1.25 and a beta of 1.96. The firm's 50-day simple moving average is $56.84 and its 200 day simple moving average is $56.15.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. Analysts expect that Bread Financial will post 6.45 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 14th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Friday, February 14th. Bread Financial's dividend payout ratio is currently 15.14%.

Bread Financial declared that its board has authorized a stock repurchase plan on Wednesday, March 5th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to repurchase up to 6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its shares are undervalued.

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.