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 been assigned a consensus recommendation of "Hold" from the seventeen brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $50.00.

Several research firms recently weighed in on BFH. The Goldman Sachs Group raised their price objective on Bread Financial from $40.00 to $53.00 and gave the company a "sell" rating in a report on Monday, July 29th. Evercore ISI reduced their price target on Bread Financial from $59.00 to $52.00 and set an "in-line" rating on the stock in a report on Monday, October 7th. Barclays dropped their price objective on shares of Bread Financial from $35.00 to $34.00 and set an "underweight" rating for the company in a report on Friday. Bank of America reduced their target price on shares of Bread Financial from $61.00 to $57.00 and set a "buy" rating on the stock in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. raised their price target on shares of Bread Financial from $48.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in Bread Financial by 33.5% in the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company's stock worth $49,000 after acquiring an additional 260 shares in the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of Bread Financial by 6.2% in the 3rd quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company's stock worth $239,000 after purchasing an additional 278 shares in the last quarter. Arizona State Retirement System grew its position in Bread Financial by 2.1% in the 2nd 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. Point72 DIFC Ltd increased its stake in Bread Financial by 30.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company's stock valued at $77,000 after purchasing an additional 397 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in Bread Financial by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the company's stock worth $1,110,000 after buying an additional 500 shares during the last quarter. 99.52% of the stock is owned by institutional investors.

Bread Financial Price Performance

Bread Financial stock traded down $0.67 during midday trading on Friday, reaching $49.39. The company's stock had a trading volume of 741,925 shares, compared to its average volume of 856,439. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41. The stock has a market cap of $2.45 billion, a PE ratio of 6.20, a price-to-earnings-growth ratio of 0.17 and a beta of 1.94. Bread Financial has a 52 week low of $26.08 and a 52 week high of $59.66. The business has a 50-day moving average price of $51.75 and a 200-day moving average price of $46.07.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings data 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 company had revenue of $983.00 million for the quarter, compared to analyst estimates of $981.26 million. During the same quarter in the prior year, the company earned $3.46 earnings per share. Bread Financial's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, sell-side analysts predict that Bread Financial will post 7.44 EPS for the current year.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial's payout ratio is 10.58%.

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.