Bread Financial (NYSE:BFH) Price Target Raised to $54.00

Bread Financial (NYSE:BFH) had its price target boosted by equities researchers at Evercore ISI from $52.00 to $54.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s target price would suggest a potential upside of 8.32% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada lifted their target price 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. Barclays lowered their price target on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a research report on Friday, October 25th. The Goldman Sachs Group increased their price objective 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. JPMorgan Chase & Co. raised their target price 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. Finally, TD Cowen upped their price target on Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Bread Financial presently has an average rating of “Hold” and a consensus price target of $49.64.

Bread Financial Stock Down 2.2 %

BFH opened at $49.85 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.41. Bread Financial has a twelve month low of $26.08 and a twelve month high of $59.66. The company has a market cap of $2.48 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 0.17 and a beta of 1.94. The company has a 50-day moving average price of $51.40 and a 200 day moving average price of $46.56.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.03). Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The firm had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $981.26 million. During the same quarter last year, the business earned $3.46 EPS. The business’s revenue was down 4.7% compared to the same quarter last year. Sell-side analysts expect that Bread Financial will post 7.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Bread Financial

In related news, Director John J. Fawcett purchased 1,000 shares of Bread Financial stock in a transaction dated Monday, October 28th. The shares were acquired at an average cost of $51.02 per share, with a total value of $51,020.00. Following the purchase, the director now owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Institutional Trading of Bread Financial

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Bread Financial by 3.8% during the first quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock worth $217,766,000 after buying an additional 216,274 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Bread Financial by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,173,009 shares of the company’s stock valued at $141,386,000 after acquiring an additional 70,092 shares during the period. Millennium Management LLC grew its position in Bread Financial by 81.6% in the 2nd quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock valued at $65,245,000 after acquiring an additional 657,968 shares in the last quarter. Victory Capital Management Inc. increased its stake in Bread Financial by 6.1% during the second quarter. Victory Capital Management Inc. now owns 1,249,669 shares of the company’s stock worth $55,685,000 after purchasing an additional 71,777 shares during the period. Finally, American Century Companies Inc. increased its stake in Bread Financial by 22.4% during the second quarter. American Century Companies Inc. now owns 1,161,443 shares of the company’s stock worth $51,754,000 after purchasing an additional 212,276 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

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.