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

Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) has been given a consensus recommendation of "Hold" by the sixteen research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $59.69.

A number of equities research analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a report on Friday, January 31st. TD Cowen lifted their price target on Bread Financial from $48.00 to $50.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Royal Bank of Canada increased their price objective on Bread Financial from $62.00 to $68.00 and gave the company a "sector perform" rating in a report on Friday, January 31st. Compass Point boosted their target price on Bread Financial from $75.00 to $87.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Finally, Morgan Stanley raised Bread Financial from an "underweight" rating to an "overweight" rating and upped their price target for the company from $35.00 to $76.00 in a report on Thursday, December 19th.

Institutional Trading of Bread Financial

Large investors have recently modified their holdings of the company. State Street Corp boosted its holdings in Bread Financial by 2.1% during the third quarter. State Street Corp now owns 2,034,554 shares of the company's stock valued at $96,804,000 after acquiring an additional 41,012 shares during the period. Geode Capital Management LLC increased its position in Bread Financial by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company's stock valued at $55,012,000 after acquiring an additional 13,459 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Bread Financial by 30.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company's stock worth $53,353,000 after buying an additional 260,283 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of Bread Financial by 38.2% during the third quarter. Pzena Investment Management LLC now owns 880,827 shares of the company's stock valued at $41,910,000 after acquiring an additional 243,419 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Bread Financial by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 730,531 shares of the company's stock valued at $34,759,000 after purchasing an additional 13,484 shares during the last quarter. 99.52% of the stock is owned by institutional investors.

Bread Financial Trading Up 2.9 %

NYSE:BFH traded up $1.72 on Friday, hitting $61.92. The stock had a trading volume of 841,718 shares, compared to its average volume of 682,509. The company has a fifty day moving average price of $62.13 and a two-hundred day moving average price of $55.90. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 1.38 and a beta of 1.93. The company has a quick ratio of 1.19, a current ratio of 1.15 and a debt-to-equity ratio of 0.33. Bread Financial has a 1-year low of $32.10 and a 1-year high of $66.71.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings data 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%. Equities research analysts expect that Bread Financial will post 6.46 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.36%. Bread Financial's dividend payout ratio is currently 15.14%.

Bread Financial Company Profile

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.