Bread Financial Holdings, Inc. (NYSE:BFH) Given Average Recommendation of “Reduce” by Analysts

Shares of Bread Financial Holdings, Inc. (NYSE:BFH) have been given an average rating of “Reduce” by the fourteen analysts that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $39.17.

A number of analysts have recently weighed in on BFH shares. JPMorgan Chase & Co. boosted their price objective on shares of Bread Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $36.00 target price on shares of Bread Financial in a research report on Friday, January 26th. Argus lowered shares of Bread Financial from a “buy” rating to a “hold” rating in a research report on Wednesday. Oppenheimer raised shares of Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a research report on Friday, January 26th. Finally, Wolfe Research raised shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a research report on Thursday, April 4th.

Bread Financial Stock Performance

BFH stock opened at $41.20 on Friday. 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 stock has a market cap of $2.04 billion, a P/E ratio of 5.19, a P/E/G ratio of 0.16 and a beta of 1.92. The firm has a 50 day simple moving average of $36.65 and a 200 day simple moving average of $33.25. Bread Financial has a 52 week low of $23.19 and a 52 week high of $41.89.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). The business had revenue of $991.00 million during the quarter, compared to analyst estimates of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. Bread Financial’s revenue was down 23.1% compared to the same quarter last year. During the same quarter last year, the firm earned $9.08 earnings per share. Research analysts anticipate that Bread Financial will post 5.72 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 10th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.04%. The ex-dividend date is Thursday, May 9th. Bread Financial’s dividend payout ratio (DPR) is presently 10.58%.

Institutional Investors Weigh In On Bread Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. National Bank of Canada FI grew its holdings in shares of Bread Financial by 1,280.6% in the 4th 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 acquired a new position in Bread Financial during the 4th quarter worth about $83,000. Allspring Global Investments Holdings LLC lifted its position 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 buying an additional 633 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Bread Financial during the 3rd quarter worth about $116,000. Finally, Quest Partners LLC acquired a new position in Bread Financial during the 4th quarter worth about $145,000. Institutional investors own 99.52% of the company’s stock.

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.