BMO Capital Markets Boosts Bread Financial (NYSE:BFH) Price Target to $33.00

Bread Financial (NYSE:BFH) had its target price raised by investment analysts at BMO Capital Markets from $31.00 to $33.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential downside of 11.46% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Barclays cut their target price on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a research note on Tuesday, April 9th. Evercore ISI downgraded shares of Bread Financial from an “in-line” rating to an “underperform” rating and raised their target price for the company from $29.00 to $33.00 in a research note on Wednesday, January 3rd. Oppenheimer upgraded shares of Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a research note on Friday, January 26th. Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research note on Thursday, April 4th. Finally, JPMorgan Chase & Co. raised their target price 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 investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $36.64.

Bread Financial Stock Up 1.7 %

Shares of Bread Financial stock traded up $0.62 during trading hours on Friday, reaching $37.27. 561,724 shares of the company’s stock were exchanged, compared to its average volume of 795,700. The company has a 50 day moving average of $36.53 and a two-hundred day moving average of $33.02. Bread Financial has a fifty-two week low of $23.19 and a fifty-two week high of $41.89. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.84 billion, a P/E ratio of 2.61, a P/E/G ratio of 0.13 and a beta of 1.93.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, April 25th. The company reported $2.73 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). Bread Financial had a return on equity of 26.24% and a net margin of 13.87%. The business had revenue of $991.00 million for the quarter, compared to analyst estimates of $998.96 million. During the same quarter in the prior year, the company earned $9.08 earnings per share. The company’s quarterly revenue was down 23.1% on a year-over-year basis. On average, sell-side analysts forecast that Bread Financial will post 6.8 EPS for the current fiscal year.

Insider Transactions at Bread Financial

In other news, major shareholder Turtle Creek Asset Management sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $35.67, for a total transaction of $1,605,150.00. Following the transaction, the insider now directly owns 293,092 shares of the company’s stock, valued at $10,454,591.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BFH. National Bank of Canada FI increased its holdings in shares of Bread Financial by 1,280.6% during 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 period. Pinnacle Holdings LLC bought a new position in shares of Bread Financial during the fourth quarter worth approximately $83,000. Allspring Global Investments Holdings LLC boosted its position in shares of 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. acquired a new stake in shares of Bread Financial during the 3rd quarter worth approximately $116,000. Finally, Quest Partners LLC acquired a new stake in shares of Bread Financial during the 4th quarter worth approximately $145,000. 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.