Bread Financial (NYSE:BFH) PT Raised to $45.00 at Jefferies Financial Group

Bread Financial (NYSE:BFH) had its target price hoisted by Jefferies Financial Group from $35.00 to $45.00 in a report issued on Tuesday morning, Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other research analysts have also commented on the company. Evercore ISI upgraded Bread Financial from an underperform rating to an in-line rating and raised their price target for the stock from $42.00 to $45.00 in a research report on Thursday, June 20th. Keefe, Bruyette & Woods reiterated an outperform rating and issued a $67.00 price objective on shares of Bread Financial in a research note on Monday, June 17th. JMP Securities reiterated a market perform rating on shares of Bread Financial in a research note on Thursday, June 20th. Royal Bank of Canada increased their price objective on Bread Financial from $38.00 to $45.00 and gave the company a sector perform rating in a research note on Thursday, June 20th. Finally, Argus cut Bread Financial from a buy rating to a hold rating in a research note on Wednesday, May 1st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $41.69.

Bread Financial Price Performance

NYSE:BFH opened at $47.45 on Tuesday. Bread Financial has a one year low of $26.08 and a one year high of $48.24. The stock has a 50 day moving average price of $42.30 and a 200 day moving average price of $37.84. The stock has a market cap of $2.35 billion, a PE ratio of 5.98, a P/E/G ratio of 0.21 and a beta of 1.98. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, April 25th. The company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.19). Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The firm had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $998.96 million. During the same quarter in the prior year, the business earned $9.08 earnings per share. The company’s quarterly revenue was down 23.1% on a year-over-year basis. Equities research analysts expect that Bread Financial will post 5.62 EPS for the current fiscal year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 10th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Thursday, May 9th. Bread Financial’s dividend payout ratio (DPR) is currently 10.58%.

Institutional Trading of Bread Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Bread Financial by 3.8% during the first 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 in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Bread Financial by 9.3% during the fourth 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 in the last quarter. Wellington Management Group LLP increased its position in shares of 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 increased its position in shares of 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, Deutsche Bank AG increased its position in shares of Bread Financial by 586.5% during the third quarter. Deutsche Bank AG now owns 712,566 shares of the company’s stock worth $24,370,000 after purchasing an additional 608,769 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Company Profile

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.