Bread Financial (NYSE:BFH) Price Target Cut to $58.00 by Analysts at The Goldman Sachs Group

Bread Financial (NYSE:BFH) had its price target decreased by The Goldman Sachs Group from $68.00 to $58.00 in a research report report published on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

A number of other equities analysts also recently commented on BFH. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a research note on Monday, February 3rd. Royal Bank of Canada lifted their price target on Bread Financial from $62.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods lifted their price target on Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Barclays lifted their price target on Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. Finally, Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from $35.00 to $76.00 in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Bread Financial currently has a consensus rating of “Hold” and a consensus target price of $59.69.

Bread Financial Stock Down 0.2 %

Shares of Bread Financial stock opened at $47.88 on Tuesday. The business has a 50-day moving average of $57.82 and a 200-day moving average of $56.40. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $2.35 billion, a PE ratio of 8.63, a P/E/G ratio of 1.25 and a beta of 1.96. Bread Financial has a 1-year low of $32.10 and a 1-year high of $66.71.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. As a group, equities analysts forecast that Bread Financial will post 6.45 EPS for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.75%. Bread Financial’s dividend payout ratio (DPR) is presently 15.14%.

Bread Financial announced that its board has authorized a share buyback plan on Wednesday, March 5th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Bread Financial

A number of hedge funds have recently made changes to their positions in BFH. Vanguard Group Inc. raised its holdings in Bread Financial by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 5,848,495 shares of the company’s stock worth $357,109,000 after purchasing an additional 36,057 shares in the last quarter. State Street Corp raised its holdings in Bread Financial by 2.1% during the third quarter. State Street Corp now owns 2,034,554 shares of the company’s stock worth $96,804,000 after purchasing an additional 41,012 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new stake in Bread Financial during the fourth quarter worth approximately $104,000. Hsbc Holdings PLC raised its holdings in Bread Financial by 1.0% during the fourth quarter. Hsbc Holdings PLC now owns 1,452,509 shares of the company’s stock worth $89,299,000 after purchasing an additional 13,679 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Bread Financial by 6.8% during the fourth quarter. American Century Companies Inc. now owns 1,382,135 shares of the company’s stock worth $84,393,000 after purchasing an additional 88,081 shares in the last quarter. Institutional investors 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.