Bread FinancialBFH
Market Cap: $2.76B
About: Formed by a combination of JCPenney's credit card processing unit and The Limited's credit card bank business, Bread Financial is a provider of private label and co-branded credit cards, loyalty programs, and marketing services. The company's most financially significant unit is its credit card business that partners with retailers to jointly market Bread's credit cards to their customers. The company also retains minority interest in its recently spun-off LoyaltyOne division, which operates the largest airline miles loyalty program in Canada and offers marketing services to grocery chains in Europe and Asia.
Employees: 7,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
40% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 7 (+2) [Q2]
33% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 36
21% more capital invested
Capital invested by funds: $1.94B [Q1] → $2.35B (+$414M) [Q2]
4% more funds holding
Funds holding: 271 [Q1] → 283 (+12) [Q2]
1.57% more ownership
Funds ownership: 104.64% [Q1] → 106.21% (+1.57%) [Q2]
1% less repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 93
67% less call options, than puts
Call options by funds: $13.7M | Put options by funds: $42.1M
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
JP Morgan Reginald Smith 48% 1-year accuracy 12 / 25 met price target | 6%upside $59 | Neutral Maintained | 20 Aug 2024 |
B of A Securities Mihir Bhatia 78% 1-year accuracy 7 / 9 met price target | 10%upside $61 | Buy Maintained | 19 Aug 2024 |
B of A Securities Mihir Bhatia 78% 1-year accuracy 7 / 9 met price target | 3%downside $54 | Buy Upgraded | 9 Aug 2024 |
Goldman Sachs Ryan Nash 60% 1-year accuracy 15 / 25 met price target | 5%downside $53 | Sell Maintained | 29 Jul 2024 |
TD Cowen Moshe Orenbuch 64% 1-year accuracy 9 / 14 met price target | 3%upside $57 | Hold Maintained | 26 Jul 2024 |
Financial journalist opinion
Based on 5 articles about BFH published over the past 30 days