Bread Financial (NYSE:BFH) Price Target Cut to $34.00 by Analysts at Barclays

Bread Financial (NYSE:BFH) had its price target trimmed by Barclays from $35.00 to $34.00 in a research report report published on Friday, Benzinga reports. The brokerage currently has an underweight rating on the stock.

Several other analysts also recently weighed in on the company. Bank of America dropped their price target on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Evercore ISI cut their price objective on shares of Bread Financial from $59.00 to $52.00 and set an “in-line” rating on the stock in a research note on Monday, October 7th. Royal Bank of Canada upped their target price on Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. TD Cowen lifted their price target on Bread Financial from $44.00 to $57.00 and gave the company a “hold” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. upped their price objective on Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Bread Financial has an average rating of “Hold” and a consensus target price of $50.00.

Bread Financial Price Performance

Shares of BFH stock opened at $49.39 on Friday. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 6.22, a PEG ratio of 0.17 and a beta of 1.94. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.19 and a current ratio of 1.19. The stock’s 50-day simple moving average is $51.66 and its 200-day simple moving average is $46.16. Bread Financial has a fifty-two week low of $26.08 and a fifty-two week high of $59.66.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The company had revenue of $983.00 million for the quarter, compared to analyst estimates of $981.26 million. During the same quarter in the previous year, the company posted $3.46 EPS. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, equities analysts forecast that Bread Financial will post 7.44 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Friday, November 8th. Bread Financial’s payout ratio is 10.58%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in Bread Financial by 93.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,300 shares of the company’s stock valued at $272,000 after acquiring an additional 3,529 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Bread Financial by 24.7% in the first quarter. BNP Paribas Financial Markets now owns 438,744 shares of the company’s stock valued at $16,339,000 after purchasing an additional 86,921 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Bread Financial in the first quarter valued at approximately $631,000. GSA Capital Partners LLP purchased a new position in Bread Financial during the first quarter worth approximately $623,000. Finally, Texas Permanent School Fund Corp lifted its position in Bread Financial by 1.7% during the first quarter. Texas Permanent School Fund Corp now owns 43,174 shares of the company’s stock worth $1,608,000 after buying an additional 721 shares in the last quarter. Hedge funds and other institutional investors 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.