Bread Financial (NYSE:BFH) Hits New 52-Week High at $52.80

Bread Financial Holdings, Inc. (NYSE:BFH)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $52.80 and last traded at $51.44, with a volume of 57734 shares trading hands. The stock had previously closed at $50.31.

Analyst Upgrades and Downgrades

Several research firms have commented on BFH. Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a report on Thursday, April 4th. BMO Capital Markets boosted their price target on shares of Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. Royal Bank of Canada upped their target price on shares of Bread Financial from $38.00 to $45.00 and gave the company a “sector perform” rating in a report on Thursday, June 20th. Barclays upped their target price on shares of Bread Financial from $26.00 to $32.00 and gave the company an “underweight” rating in a report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of Bread Financial from $39.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $42.93.

Bread Financial Price Performance

The stock’s fifty day moving average price is $43.89 and its 200-day moving average price is $38.88. 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 firm has a market cap of $2.58 billion, a PE ratio of 6.34, a P/E/G ratio of 0.24 and a beta of 1.98.

Bread Financial (NYSE:BFH) last announced its quarterly 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 company had revenue of $991.00 million during the quarter, compared to analysts’ expectations of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The business’s revenue for the quarter was down 23.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $9.08 EPS. As a group, equities analysts forecast that Bread Financial Holdings, Inc. will post 5.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Bread Financial

A number of large investors have recently added to or reduced their stakes in BFH. Vanguard Group Inc. boosted its stake in shares of Bread Financial by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock worth $217,766,000 after purchasing an additional 216,274 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Bread Financial by 9.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,000,035 shares of the company’s stock worth $98,823,000 after purchasing an additional 256,221 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Bread Financial by 7.8% during the 4th quarter. Wellington Management Group LLP now owns 2,107,253 shares of the company’s stock worth $69,413,000 after purchasing an additional 152,954 shares during the last quarter. Pzena Investment Management LLC boosted its stake in shares of Bread Financial by 14.0% during the 4th quarter. Pzena Investment Management LLC now owns 807,557 shares of the company’s stock worth $26,601,000 after purchasing an additional 99,029 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Bread Financial by 5.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 672,141 shares of the company’s stock worth $22,140,000 after acquiring an additional 37,005 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

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.