Bread Financial Holdings, Inc. (NYSE:BFH) Receives Average Recommendation of "Hold" from Analysts

Shares of Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) have earned a consensus rating of "Hold" from the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $53.54.

A number of analysts have recently weighed in on the company. Bank of America cut their price objective on Bread Financial from $61.00 to $57.00 and set a "buy" rating on the stock in a research report on Wednesday, September 25th. The Goldman Sachs Group upped their price target on Bread Financial from $52.00 to $58.00 and gave the stock a "sell" rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price objective on Bread Financial from $48.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. TD Cowen upped their target price on shares of Bread Financial from $48.00 to $50.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Bread Financial from $67.00 to $88.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th.

Bread Financial Trading Down 1.1 %

Bread Financial stock traded down $0.75 during midday trading on Friday, reaching $65.27. 665,755 shares of the stock traded hands, compared to its average volume of 839,135. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3.24 billion, a PE ratio of 10.39 and a beta of 1.96. The company has a 50-day simple moving average of $55.98 and a two-hundred day simple moving average of $51.09. Bread Financial has a 12-month low of $28.00 and a 12-month high of $66.71.

Bread Financial (NYSE:BFH - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.03). The business had revenue of $983.00 million during the quarter, compared to analysts' expectations of $981.26 million. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.46 EPS. Research analysts expect that Bread Financial will post 7.5 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 8th were paid a $0.21 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.84 annualized dividend and a yield of 1.29%. Bread Financial's dividend payout ratio is presently 13.38%.

Insider Transactions at Bread Financial

In other Bread Financial news, Director John J. Fawcett bought 1,000 shares of the business's stock in a transaction dated Monday, October 28th. The shares were acquired at an average cost of $51.02 per share, with a total value of $51,020.00. Following the acquisition, the director now directly owns 6,473 shares of the company's stock, valued at $330,252.46. The trade was a 18.27 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.62% of the company's stock.

Institutional Investors Weigh In On Bread Financial

A number of institutional investors and hedge funds have recently made changes to their positions in BFH. Millennium Management LLC raised its stake in Bread Financial by 81.6% during the 2nd quarter. Millennium Management LLC now owns 1,464,195 shares of the company's stock valued at $65,245,000 after acquiring an additional 657,968 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Bread Financial by 152.9% during the second quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company's stock worth $28,772,000 after purchasing an additional 390,413 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Bread Financial by 30.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company's stock valued at $53,353,000 after buying an additional 260,283 shares during the period. Pzena Investment Management LLC raised its position in Bread Financial by 38.2% during the 3rd quarter. Pzena Investment Management LLC now owns 880,827 shares of the company's stock worth $41,910,000 after buying an additional 243,419 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Bread Financial by 22.4% in the 2nd quarter. American Century Companies Inc. now owns 1,161,443 shares of the company's stock worth $51,754,000 after acquiring an additional 212,276 shares during the period. 99.52% of the stock is owned by hedge funds and other 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.