The Goldman Sachs Group Increases Bread Financial (NYSE:BFH) Price Target to $58.00

Bread Financial (NYSE:BFH - Get Free Report) had its price target upped by The Goldman Sachs Group from $52.00 to $58.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "sell" rating on the stock. The Goldman Sachs Group's target price would indicate a potential upside of 0.71% from the stock's current price.

Several other equities research analysts have also recently commented on BFH. TD Cowen boosted their price target on Bread Financial from $48.00 to $50.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Barclays lowered their price target on Bread Financial from $35.00 to $34.00 and set an "underweight" rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their price target on Bread Financial from $48.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. Royal Bank of Canada boosted their price target on Bread Financial from $47.00 to $58.00 and gave the company a "sector perform" rating in a research note on Friday, July 26th. Finally, Bank of America lowered their price target on Bread Financial from $61.00 to $57.00 and set a "buy" rating for the company in a research note on Wednesday, September 25th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $50.00.

Bread Financial Stock Down 0.1 %

NYSE:BFH traded down $0.08 on Tuesday, hitting $57.59. 554,218 shares of the company's stock traded hands, compared to its average volume of 850,504. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial has a 1 year low of $26.58 and a 1 year high of $63.01. The firm has a 50-day moving average price of $51.32 and a 200-day moving average price of $48.53. The company has a market cap of $2.86 billion, a PE ratio of 9.17 and a beta of 1.94.

Bread Financial (NYSE:BFH - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.03). Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The business had revenue of $983.00 million for the quarter, compared to analysts' expectations of $981.26 million. During the same period last year, the firm earned $3.46 EPS. The company's revenue was down 4.7% compared to the same quarter last year. Equities analysts anticipate that Bread Financial will post 7.63 EPS for the current fiscal year.

Insider Transactions at Bread Financial

In other news, Director John J. Fawcett acquired 1,000 shares of the stock in a transaction dated Monday, October 28th. The shares were acquired at an average cost of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the transaction, the director now owns 6,473 shares in the company, valued at approximately $330,252.46. This trade represents a 18.27 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.62% of the company's stock.

Institutional Trading of Bread Financial

A number of institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Bread Financial by 33.5% during the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company's stock valued at $49,000 after purchasing an additional 260 shares during the period. Pallas Capital Advisors LLC increased its position in shares of Bread Financial by 6.2% during the third quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company's stock valued at $239,000 after purchasing an additional 278 shares during the period. Arizona State Retirement System increased its position in shares of Bread Financial by 2.1% during the second quarter. Arizona State Retirement System now owns 13,836 shares of the company's stock valued at $617,000 after purchasing an additional 279 shares during the period. Natixis Advisors LLC increased its position in shares of Bread Financial by 2.8% during the third quarter. Natixis Advisors LLC now owns 13,421 shares of the company's stock valued at $639,000 after purchasing an additional 369 shares during the period. Finally, Point72 DIFC Ltd increased its position in shares of Bread Financial by 30.0% during the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company's stock valued at $77,000 after purchasing an additional 397 shares during the period. 99.52% of the stock is currently owned by institutional investors.

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.