Bread Financial (NYSE:BFH) PT Raised to $33.00

Bread Financial (NYSE:BFH) had its target price boosted by stock analysts at BMO Capital Markets from $31.00 to $33.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential downside of 10.74% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Evercore ISI downgraded shares of Bread Financial from an “in-line” rating to an “underperform” rating and upped their price target for the company from $29.00 to $33.00 in a research note on Wednesday, January 3rd. Wolfe Research raised shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research note on Thursday, April 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $36.00 price target on shares of Bread Financial in a research note on Friday, January 26th. Barclays decreased their price target on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of Bread Financial from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $36.64.

Bread Financial Price Performance

BFH stock opened at $36.97 on Friday. Bread Financial has a one year low of $23.19 and a one year high of $41.89. The company’s fifty day moving average price is $36.52 and its 200-day moving average price is $33.07. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $1.83 billion, a PE ratio of 4.66, a price-to-earnings-growth ratio of 0.14 and a beta of 1.93.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, April 25th. The company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.19). Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The company had revenue of $991.00 million during the quarter, compared to analysts’ expectations of $998.96 million. During the same period last year, the firm posted $9.08 EPS. Bread Financial’s quarterly revenue was down 23.1% compared to the same quarter last year. On average, equities analysts anticipate that Bread Financial will post 6.78 EPS for the current fiscal year.

Insider Buying and Selling at Bread Financial

In other news, major shareholder Turtle Creek Asset Management sold 45,000 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $35.67, for a total value of $1,605,150.00. Following the transaction, the insider now directly owns 293,092 shares in the company, valued at $10,454,591.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. National Bank of Canada FI grew its holdings in shares of Bread Financial by 1,280.6% in the fourth quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock worth $80,000 after purchasing an additional 2,241 shares during the last quarter. Pinnacle Holdings LLC bought a new position in Bread Financial during the 4th quarter worth about $83,000. Allspring Global Investments Holdings LLC grew its holdings in Bread Financial by 25.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,168 shares of the company’s stock worth $108,000 after acquiring an additional 633 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in Bread Financial during the 3rd quarter worth about $116,000. Finally, Quest Partners LLC bought a new position in Bread Financial during the 4th quarter worth about $145,000. 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.