At the time of writing, Bread Financial Holdings Inc [BFH] stock is trading at $38.42, up 4.74%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BFH shares have gain 2.29% over the last week, with a monthly amount glided 2.81%, and seem to be holding up well over a long-time horizon.
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On 13, March 2024, Bread Financial Provides Performance Update For February 2024. In a post published today on Yahoo Finance, Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, provided a performance update. The following tables present the Company’s net loss rate and delinquency rate for the periods indicated.
From an analyst’s perspective:
Bread Financial Holdings Inc [NYSE: BFH] stock has seen the most recent analyst activity on January 10, 2024, when BMO Capital Markets initiated its Market Perform rating and assigned the stock a price target of $33. Previously, Evercore ISI downgraded its rating to Underperform on January 03, 2024, and elevated its price target to $33. On December 18, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $36 on the stock. Morgan Stanley downgraded its rating to a Underweight and decreased its price target to $25 on December 13, 2023. Barclays initiated its recommendation with a Underweight and recommended $24 as its price target on November 15, 2023. BofA Securities downgraded its rating to Neutral for this stock on October 05, 2023, and downed its price target to $36. In a note dated October 02, 2023, Goldman downgraded an Sell rating on this stock and revised its target price from $44 to $32.
For the past year, the stock price of Bread Financial Holdings Inc fluctuated between $23.19 and $41.89. Bread Financial Holdings Inc [NYSE: BFH] shares were valued at $38.42 at the most recent close of the market.
Analyzing the BFH fundamentals
According to Bread Financial Holdings Inc [NYSE:BFH], the company’s sales were 4.94B for trailing twelve months, which represents an 2.12% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.26 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.96.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 37.11 points at the first support level, and at 35.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.11, and for the 2nd resistance point, it is at 39.80.
Bread Financial Holdings Inc [BFH] reported earnings per share of $0.9 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.88/share, meaning a difference of $1.78 and a surprise factor of 202.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $3.46 per share as compared to estimates of $2.32 per share, a difference of $1.14 representing a surprise of 49.10%.
Ratios To Look Out For
It is important to note that Bread Financial Holdings Inc [NYSE:BFH] has a current ratio of 0.15. Considering the valuation of this stock, the price to sales ratio is 0.38, the price to book ratio is 0.65 and price to earnings (TTM) ratio is 2.68.
Transactions by insiders
Recent insider trading involved Turtle Creek Asset Management, 10% Owner, that happened on Jan 29 ’24 when 45000.0 shares were sold. 10% Owner, Turtle Creek Asset Management completed a deal on Jan 26 ’24 to sell 30000.0 shares. Meanwhile, 10% Owner Turtle Creek Asset Management sold 30000.0 shares on Jan 25 ’24.
