Bread Financial (NYSE:BFH) Stock Rating Upgraded by Zacks Research

Bread Financial (NYSE:BFH) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks reports.

BFH has been the topic of a number of other reports. BTIG Research upped their target price on shares of Bread Financial from $105.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Wolfe Research raised shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $130.00 price target for the company in a research report on Tuesday, August 25th. TD Cowen boosted their price objective on shares of Bread Financial from $103.00 to $114.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. The Goldman Sachs Group upped their price target on Bread Financial from $94.00 to $108.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. Finally, Evercore reaffirmed an “outperform” rating and set a $116.00 price objective on shares of Bread Financial in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.08.

Bread Financial Price Performance

Shares of NYSE BFH opened at $102.04 on Monday. Bread Financial has a 1 year low of $53.83 and a 1 year high of $114.53. The stock has a market capitalization of $3.92 billion, a P/E ratio of 7.96, a P/E/G ratio of 0.66 and a beta of 1.10. The company’s 50-day moving average is $105.27 and its 200 day moving average is $90.74. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.17 and a quick ratio of 1.17.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $3.55 EPS for the quarter, topping the consensus estimate of $2.74 by $0.81. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The business had revenue of $993.00 million during the quarter, compared to analyst estimates of $959.32 million. During the same period last year, the business posted $3.15 earnings per share. Bread Financial’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts expect that Bread Financial will post 12.1 earnings per share for the current year.

Insider Activity at Bread Financial

In related news, Director Praniti Lakhwara sold 2,802 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total transaction of $297,348.24. Following the completion of the sale, the director owned 4,458 shares of the company’s stock, valued at $473,082.96. This trade represents a 38.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.

Institutional Trading of Bread Financial

Institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Bread Financial during the second quarter valued at $30,000. Kemnay Advisory Services Inc. bought a new stake in Bread Financial in the 4th quarter worth about $28,000. Cullen Frost Bankers Inc. purchased a new position in Bread Financial in the 4th quarter worth about $29,000. Pacer Advisors Inc. raised its position in Bread Financial by 58.7% in the 1st quarter. Pacer Advisors Inc. now owns 614 shares of the company’s stock worth $46,000 after buying an additional 227 shares during the last quarter. Finally, Allworth Financial LP bought a new position in Bread Financial during the 2nd quarter valued at about $74,000. Institutional investors own 99.52% of the company’s stock.

Bread Financial Company Profile

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.