Bread Financial (NYSE:BFH) Given New $50.00 Price Target at TD Cowen

Bread Financial (NYSE:BFH - Free Report) had its price target raised by TD Cowen from $48.00 to $50.00 in a research note published on Monday morning, Benzinga reports. TD Cowen currently has a hold rating on the stock.

Several other brokerages also recently weighed in on BFH. Jefferies Financial Group increased their target price on shares of Bread Financial from $35.00 to $45.00 and gave the stock a "hold" rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. increased their price target on Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, August 20th. Royal Bank of Canada boosted their price objective on shares of Bread Financial from $47.00 to $58.00 and gave the company a "sector perform" rating in a research note on Friday, July 26th. Barclays cut their price objective on shares of Bread Financial from $35.00 to $34.00 and set an "underweight" rating for the company in a research report on Friday. Finally, The Goldman Sachs Group lifted their target price on shares of Bread Financial from $40.00 to $53.00 and gave the company a "sell" rating in a report on Monday, July 29th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Bread Financial currently has an average rating of "Hold" and an average target price of $49.50.

Bread Financial Stock Performance

Shares of NYSE BFH traded up $1.87 during trading hours on Monday, reaching $51.25. The stock had a trading volume of 647,731 shares, compared to its average volume of 855,436. The firm has a 50-day moving average of $51.66 and a 200-day moving average of $46.31. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 6.45, a PEG ratio of 0.17 and a beta of 1.94. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41. Bread Financial has a fifty-two week low of $26.08 and a fifty-two week high of $59.66.

Bread Financial (NYSE:BFH - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.86 by ($0.03). Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The business had revenue of $983.00 million for the quarter, compared to analysts' expectations of $981.26 million. During the same quarter last year, the business posted $3.46 earnings per share. The business's revenue was down 4.7% on a year-over-year basis. Equities research analysts predict that Bread Financial will post 7.44 earnings per share for the current year.

Bread Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Friday, November 8th. Bread Financial's dividend payout ratio (DPR) is 10.58%.

Hedge Funds Weigh In On Bread Financial

Several hedge funds have recently bought and sold shares of the company. Jennison Associates LLC acquired a new position in shares of Bread Financial during the 1st quarter worth approximately $631,000. GSA Capital Partners LLP acquired a new stake in shares of Bread Financial during the first quarter valued at $623,000. Public Employees Retirement System of Ohio acquired a new position in Bread Financial in the 1st quarter valued at about $1,546,000. UniSuper Management Pty Ltd acquired a new stake in shares of Bread Financial in the first quarter worth approximately $383,000. Finally, Sei Investments Co. increased its position in Bread Financial by 58.5% during the first quarter. Sei Investments Co. now owns 84,317 shares of the company's stock worth $3,140,000 after purchasing an additional 31,122 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other 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.