Bread Financial (NYSE:BFH) PT Raised to $37.00 at Barclays

Bread Financial (NYSE:BFH) had its price target hoisted by equities researchers at Barclays from $32.00 to $37.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price target suggests a potential downside of 29.28% from the stock’s current price.

Several other research firms also recently weighed in on BFH. Evercore ISI upgraded Bread Financial from an “underperform” rating to an “in-line” rating and upped their price target for the stock from $42.00 to $45.00 in a research note on Thursday, June 20th. JPMorgan Chase & Co. increased their target price on Bread Financial from $39.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday. Argus lowered Bread Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $67.00 price target on shares of Bread Financial in a research note on Monday, June 17th. Finally, Royal Bank of Canada raised their price objective on shares of Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $44.21.

Bread Financial Stock Performance

Shares of Bread Financial stock opened at $52.32 on Friday. Bread Financial has a 12 month low of $26.08 and a 12 month high of $52.93. The firm has a market capitalization of $2.59 billion, a P/E ratio of 6.59, a P/E/G ratio of 0.21 and a beta of 1.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $44.13 and a two-hundred day simple moving average of $38.97.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, July 25th. The company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $1.06. The company had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $922.01 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. Bread Financial’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the company posted $1.27 EPS. On average, equities analysts forecast that Bread Financial will post 6.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bread Financial

Large investors have recently made changes to their positions in the business. Denali Advisors LLC lifted its holdings in Bread Financial by 46.8% in the 4th quarter. Denali Advisors LLC now owns 153,402 shares of the company’s stock worth $5,053,000 after purchasing an additional 48,900 shares in the last quarter. Pzena Investment Management LLC raised its holdings 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 acquiring an additional 99,029 shares in the last quarter. Jennison Associates LLC purchased a new stake in Bread Financial during the first quarter valued at $631,000. Bridgeway Capital Management LLC lifted its position in Bread Financial by 10.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 528,003 shares of the company’s stock valued at $17,392,000 after purchasing an additional 50,474 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Bread Financial in the 1st quarter worth $623,000. 99.52% of the stock is currently owned by hedge funds and other 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.