Bread Financial (NYSE:BFH) Stock Price Target Lowered at TD Cowen

Bread Financial (NYSE:BFH) had its price objective lowered by TD Cowen from $114.00 to $111.00 in a research report report published on Tuesday morning, Marketbeat.com reports. The brokerage currently has a hold rating on the stock.

A number of other analysts also recently commented on BFH. UBS Group boosted their price objective on shares of Bread Financial from $120.00 to $127.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Bread Financial in a report on Wednesday, June 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bread Financial in a research report on Friday, July 24th. Barclays boosted their price target on Bread Financial from $109.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Wolfe Research upgraded Bread Financial from a “peer perform” rating to an “outperform” rating and set a $130.00 price target on the stock in a report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $112.29.

Bread Financial Stock Down 1.0%

Bread Financial stock opened at $97.94 on Tuesday. The stock’s 50 day moving average price is $106.50 and its 200 day moving average price is $96.30. Bread Financial has a 1-year low of $53.83 and a 1-year high of $114.53. The company has a market cap of $3.76 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 0.61 and a beta of 1.15. 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 released its quarterly earnings data on Thursday, July 23rd. The company reported $3.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.81. The firm had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $959.32 million. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%.Bread Financial’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.15 earnings per share. On average, sell-side analysts predict that Bread Financial will post 12.22 EPS for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a dividend of $0.23 per share. The ex-dividend date was Monday, August 31st. This represents a $0.92 dividend on an annualized basis and a yield of 0.9%. Bread Financial’s payout ratio is presently 7.18%.

Insider Activity

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

Institutional Investors Weigh In On Bread Financial

A number of institutional investors and hedge funds have recently bought and sold shares of BFH. BlackRock Inc. purchased a new position in Bread Financial during the second quarter worth $421,314,000. Dimensional Fund Advisors LP raised its holdings in shares of Bread Financial by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,086,060 shares of the company’s stock worth $231,111,000 after acquiring an additional 9,854 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Bread Financial by 17.3% in the fourth quarter. Franklin Resources Inc. now owns 2,029,894 shares of the company’s stock valued at $150,273,000 after acquiring an additional 299,439 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Bread Financial by 21.6% in the fourth quarter. Allianz Asset Management GmbH now owns 1,147,366 shares of the company’s stock valued at $84,940,000 after acquiring an additional 203,707 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Bread Financial by 14.7% during the first quarter. Hsbc Holdings PLC now owns 1,009,890 shares of the company’s stock valued at $74,667,000 after acquiring an additional 129,774 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Company Profile

Bread Financial Corporation (NYSE: BFH) is a financial services company that provides payment, lending and savings solutions to consumers and businesses. The company works with merchants and brands to offer private-label and co-branded credit cards, installment loans, buy now, pay later services and other financing options at the point of sale.

Its consumer products and services include Bread Pay payment solutions, credit card programs issued through its banking subsidiaries, and Bread Savings deposit products.