Bread Financial (NYSE:BFH) PT Lowered to $34.00

Bread Financial (NYSE:BFH - Free Report) had its price target lowered by Barclays from $35.00 to $34.00 in a report published on Friday morning, Benzinga reports. Barclays currently has an underweight rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Bank of America decreased their price target on shares of Bread Financial from $61.00 to $57.00 and set a "buy" rating on the stock in a research note on Wednesday, September 25th. Compass Point lifted their price target on shares of Bread Financial from $54.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Royal Bank of Canada lifted their price target on shares of Bread Financial from $47.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Friday, July 26th. The Goldman Sachs Group lifted their price target on shares of Bread Financial from $40.00 to $53.00 and gave the stock a "sell" rating in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $50.00.

Bread Financial Stock Performance

Shares of Bread Financial stock traded down $0.67 during midday trading on Friday, hitting $49.39. The company had a trading volume of 741,925 shares, compared to its average volume of 856,439. The business's 50 day simple moving average is $51.66 and its two-hundred day simple moving average is $46.16. The stock has a market cap of $2.45 billion, a PE ratio of 6.22, a P/E/G ratio of 0.17 and a beta of 1.94. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.19. Bread Financial has a 1-year low of $26.08 and a 1-year high of $59.66.

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

Bread Financial Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Jennison Associates LLC acquired a new stake in Bread Financial in the first quarter worth about $631,000. GSA Capital Partners LLP acquired a new stake in Bread Financial in the first quarter worth about $623,000. Public Employees Retirement System of Ohio acquired a new stake in Bread Financial in the first quarter worth about $1,546,000. UniSuper Management Pty Ltd acquired a new stake in Bread Financial in the first quarter worth about $383,000. Finally, Sei Investments Co. increased its position in Bread Financial by 58.5% in 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 period. 99.52% of the stock is owned by 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.