Bread Financial (NYSE:BFH) Price Target Raised to $60.00 at Compass Point

Bread Financial (NYSE:BFH) had its target price boosted by Compass Point from $54.00 to $60.00 in a research report released on Friday, Benzinga reports. Compass Point currently has a buy rating on the stock.

Several other research analysts have also weighed in on BFH. Barclays increased their target price on shares of Bread Financial from $32.00 to $37.00 and gave the stock an underweight rating in a research note on Friday. BMO Capital Markets increased their target price on shares of Bread Financial from $31.00 to $33.00 and gave the stock a market perform rating in a research note on Friday, April 26th. JMP Securities reaffirmed a market perform rating on shares of Bread Financial in a research note on Thursday, June 20th. Royal Bank of Canada increased 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. Finally, Evercore ISI raised shares of Bread Financial from an underperform rating to an in-line rating and increased their target price for the stock from $42.00 to $45.00 in a research note on Thursday, June 20th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of $45.47.

Bread Financial Price Performance

Bread Financial stock opened at $55.01 on Friday. Bread Financial has a 12-month low of $26.08 and a 12-month high of $55.08. The stock has a market cap of $2.73 billion, a P/E ratio of 6.93, a PEG ratio of 0.22 and a beta of 1.98. The company has a 50-day moving average price of $44.40 and a 200 day moving average price of $39.12. The company has a current ratio of 1.19, a quick ratio of 1.18 and a debt-to-equity ratio of 0.41.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, July 25th. The company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $1.06. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The firm had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $922.01 million. During the same period last year, the business earned $1.27 earnings per share. Bread Financial’s revenue was down 1.4% compared to the same quarter last year. Sell-side analysts anticipate that Bread Financial will post 6.12 earnings per share for the current year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 9th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.84 annualized dividend and a yield of 1.53%. Bread Financial’s dividend payout ratio (DPR) is 10.58%.

Institutional Trading of Bread Financial

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Bread Financial by 3.8% in the first quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock valued at $217,766,000 after acquiring an additional 216,274 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Bread Financial by 9.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,000,035 shares of the company’s stock valued at $98,823,000 after acquiring an additional 256,221 shares in the last quarter. Wellington Management Group LLP raised its holdings in Bread Financial by 7.8% during the fourth 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 in the last quarter. Pzena Investment Management LLC raised its holdings in Bread Financial by 14.0% during the fourth 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Bread Financial by 5.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 672,141 shares of the company’s stock worth $22,140,000 after purchasing an additional 37,005 shares in the last quarter. 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.