Bread Financial (NYSE:BFH) Cut to Hold at Argus

Bread Financial (NYSE:BFH) was downgraded by stock analysts at Argus from a “buy” rating to a “hold” rating in a research report issued on Wednesday, Briefing.com reports.

Several other research analysts also recently issued reports on the stock. BMO Capital Markets raised their price objective on shares of Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. 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. Oppenheimer upgraded shares of Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a report on Friday, January 26th. Evercore ISI cut shares of Bread Financial from an “in-line” rating to an “underperform” rating and lifted their price target for the company from $29.00 to $33.00 in a research report on Wednesday, January 3rd. Finally, Barclays reduced their target price on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 9th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $36.64.

Bread Financial Stock Performance

NYSE:BFH opened at $36.91 on Wednesday. The stock’s fifty day moving average is $36.52 and its 200 day moving average is $33.16. The firm has a market capitalization of $1.82 billion, a PE ratio of 4.65, a PEG ratio of 0.14 and a beta of 1.93. 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 has a fifty-two week low of $23.19 and a fifty-two week high of $41.89.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.19). The firm had revenue of $991.00 million during the quarter, compared to analysts’ expectations of $998.96 million. Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The company’s revenue for the quarter was down 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.08 earnings per share. On average, sell-side analysts anticipate that Bread Financial will post 6.56 earnings per share for the current year.

Institutional Investors Weigh In On Bread Financial

A number of hedge funds have recently added to or reduced their stakes in BFH. Allspring Global Investments Holdings LLC raised its position in Bread Financial by 19.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company’s stock valued at $124,000 after purchasing an additional 603 shares during the last quarter. Quadrature Capital Ltd increased its holdings in shares of Bread Financial by 2.4% in the fourth quarter. Quadrature Capital Ltd now owns 25,993 shares of the company’s stock worth $856,000 after purchasing an additional 611 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Bread Financial by 3.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,506 shares of the company’s stock worth $770,000 after acquiring an additional 660 shares in the last quarter. Brooktree Capital Management boosted its position in shares of Bread Financial by 0.6% during the fourth quarter. Brooktree Capital Management now owns 137,733 shares of the company’s stock valued at $4,537,000 after buying an additional 853 shares during the period. Finally, Olympiad Research LP boosted its holdings in shares of Bread Financial by 7.1% in the fourth quarter. Olympiad Research LP now owns 12,933 shares of the company’s stock valued at $426,000 after purchasing an additional 859 shares during the period. 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.