Bread Financial Holdings Inc (NYSE: BFH) is 82.91% higher on its value in year-to-date trading and has touched a low of $26.27 and a high of $63.01 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BFH stock was last observed hovering at around $62.77 in the last trading session, with the day’s loss setting it -2.52%.
Currently trading at $60.25, the stock is 15.80% and 17.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.33 million and changing -4.01% at the moment leaves the stock 36.72% off its SMA200. BFH registered 110.08% gain for a year compared to 6-month gain of 49.65%. The firm has a 50-day simple moving average (SMA 50) of $51.0862 and a 200-day simple moving average (SMA200) of $43.9209.
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The stock witnessed a 20.84% loss in the last 1 month and extending the period to 3 months gives it a 17.91%, and is 20.86% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.50% over the week and 3.65% over the month.
Bread Financial Holdings Inc (BFH) has around 7000 employees, a market worth around $3.00B and $4.89B in sales. Current P/E ratio is 9.64 and Fwd P/E is 10.69. Profit margin for the company is 6.38%. Distance from 52-week low is 129.35% and -4.38% from its 52-week high. The company has generated returns on investments over the last 12 months (4.05%).
The EPS is expected to shrink by -51.30% this year
419.0 institutions hold shares in Bread Financial Holdings Inc (BFH), with institutional investors hold 107.80% of the company’s shares. The shares outstanding are 49.30M, and float is at 48.52M with Short Float at 8.38%. Institutions hold 107.05% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 5.79 million shares valued at $257.79 million. The investor’s holdings represent 11.664 of the BFH Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.83 million shares valued at $215.22 million to account for 9.7375 of the shares outstanding. The other top investors are TURTLE CREEK ASSET MANAGEMENT INC. which holds 4.68 million shares representing 9.4385 and valued at over $208.61 million, while DIMENSIONAL FUND ADVISORS LP holds 6.3972 of the shares totaling 3.17 million with a market value of $141.39 million.
Bread Financial Holdings Inc (BFH) Insider Activity
The most recent transaction is an insider purchase by Fawcett John J., the company’s Director. SEC filings show that Fawcett John J. bought 1,000 shares of the company’s common stock on Oct 28 ’24 at a price of $51.02 per share for a total of $51020.0. Following the purchase, the insider now owns 6473.0 shares.
Bread Financial Holdings Inc disclosed in a document filed with the SEC on Aug 12 ’24 that Fawcett John J. (Director) bought a total of 2,000 shares of the company’s common stock. The trade occurred on Aug 12 ’24 and was made at $49.82 per share for $99644.0. Following the transaction, the insider now directly holds 5473.0 shares of the BFH stock.
Still, SEC filings show that on Jan 29 ’24, Turtle Creek Asset Management (10% Owner) disposed off 45,000 shares at an average price of $35.67 for $1.61 million. The insider now directly holds 293,092 shares of Bread Financial Holdings Inc (BFH).
