Bread FinancialBFH
Market Cap: 2.73B
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 Q1 SEC filings by fund managers ($100M+ AUM)
15% more capital invested
Capital invested by funds: $1.65B [Q4 2023] → $1.9B (+$254M) [Q1 2024]
1.37% more ownership
Funds ownership: 101.54% [Q4 2023] → 102.9% (+1.37%) [Q1 2024]
2% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 43
0% more funds holding
Funds holding: 265 [Q4 2023] → 266 (+1) [Q1 2024]
0% more funds holding in top 10
Funds holding in top 10: 5 [Q4 2023] → 5 (+0) [Q1 2024]
25% less repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 105
87% less call options, than puts
Call options by funds: $15.4M | Put options by funds: $117M
Research analyst outlook
17 Wall Street Analysts provided 1 year price forecasts over the past 6 months
17 analyst ratings
TD Cowen Moshe Orenbuch | 4%upside $57 | Hold Maintained | 26 Jul 2024 |
Compass Point David Rochester | 9%upside $60 | Buy Maintained | 26 Jul 2024 |
RBC Capital Jon Arfstrom | 5%upside $58 | Sector Perform Maintained | 26 Jul 2024 |
Barclays Terry Ma | 33%downside $37 | Underweight Maintained | 26 Jul 2024 |
JP Morgan Reginald Smith | 18%downside $45 | Neutral Maintained | 23 Jul 2024 |
Financial journalist opinion
Based on 11 articles about BFH published over the past 30 days