Bright Horizons Family Solutions (NYSE:BFAM) Price Target Raised to $122.00

Bright Horizons Family Solutions (NYSE:BFAM) had its target price hoisted by BMO Capital Markets from $104.00 to $122.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a market perform rating on the stock.

Several other analysts have also issued reports on BFAM. JPMorgan Chase & Co. upped their target price on Bright Horizons Family Solutions from $107.00 to $119.00 and gave the stock an overweight rating in a report on Friday, May 3rd. StockNews.com upgraded Bright Horizons Family Solutions from a sell rating to a hold rating in a report on Friday, May 3rd. Robert W. Baird upped their target price on Bright Horizons Family Solutions from $115.00 to $131.00 and gave the stock a neutral rating in a report on Friday. Finally, The Goldman Sachs Group boosted their price target on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a buy rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $128.43.

Bright Horizons Family Solutions Stock Performance

BFAM stock opened at $128.80 on Friday. The business’s 50-day moving average price is $110.98 and its two-hundred day moving average price is $109.39. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.76. The firm has a market cap of $7.47 billion, a PE ratio of 90.70, a P/E/G ratio of 4.44 and a beta of 1.45. Bright Horizons Family Solutions has a 1-year low of $71.65 and a 1-year high of $136.22.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.15. The company had revenue of $670.10 million for the quarter, compared to analyst estimates of $666.17 million. Bright Horizons Family Solutions had a return on equity of 13.08% and a net margin of 3.98%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 earnings per share. As a group, research analysts forecast that Bright Horizons Family Solutions will post 2.76 earnings per share for the current year.

Insider Activity

In other news, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $120.00, for a total value of $120,000.00. Following the transaction, the chief operating officer now owns 35,925 shares of the company’s stock, valued at $4,311,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Stephen Howard Kramer sold 11,250 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $113.95, for a total transaction of $1,281,937.50. Following the sale, the chief executive officer now owns 122,573 shares of the company’s stock, valued at $13,967,193.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $120.00, for a total value of $120,000.00. Following the sale, the chief operating officer now directly owns 35,925 shares in the company, valued at approximately $4,311,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,447 shares of company stock valued at $3,186,710. 1.22% of the stock is owned by insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. MJP Associates Inc. ADV lifted its stake in Bright Horizons Family Solutions by 7.0% during the second quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company’s stock worth $263,000 after purchasing an additional 157 shares during the last quarter. SYSTM Wealth Solutions LLC lifted its stake in Bright Horizons Family Solutions by 7.7% during the first quarter. SYSTM Wealth Solutions LLC now owns 2,307 shares of the company’s stock worth $262,000 after purchasing an additional 164 shares during the last quarter. Everpar Advisors LLC lifted its stake in Bright Horizons Family Solutions by 6.7% during the second quarter. Everpar Advisors LLC now owns 2,979 shares of the company’s stock worth $328,000 after purchasing an additional 186 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Bright Horizons Family Solutions by 2.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 9,545 shares of the company’s stock worth $1,082,000 after purchasing an additional 215 shares during the last quarter. Finally, Riverview Trust Co bought a new stake in Bright Horizons Family Solutions during the first quarter worth $25,000.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.