Analysts Set Bright Horizons Family Solutions Inc. (NYSE:BFAM) Target Price at $133.43

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) have been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $133.43.

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. Barclays lifted their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. JPMorgan Chase & Co. upped their target price on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Robert W. Baird lifted their price target on Bright Horizons Family Solutions from $115.00 to $131.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 2nd.

Bright Horizons Family Solutions Trading Down 2.3 %

Shares of BFAM stock opened at $137.51 on Friday. The business’s fifty day moving average price is $126.12 and its 200 day moving average price is $115.34. The firm has a market capitalization of $7.98 billion, a PE ratio of 96.84 and a beta of 1.45. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.56 and a quick ratio of 0.56. Bright Horizons Family Solutions has a 1-year low of $71.65 and a 1-year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.15. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 12.86%. The business had revenue of $670.10 million for the quarter, compared to analysts’ expectations of $666.17 million. During the same period in the prior year, the company posted $0.54 EPS. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, sell-side analysts forecast that Bright Horizons Family Solutions will post 2.98 EPS for the current fiscal year.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $140.65, for a total value of $112,520.00. Following the completion of the sale, the chief operating officer now owns 31,825 shares in the company, valued at approximately $4,476,186.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Mary Lou Burke sold 800 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $140.65, for a total value of $112,520.00. Following the transaction, the chief operating officer now directly owns 31,825 shares of the company’s stock, valued at approximately $4,476,186.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lightfoot Sara Lawrence sold 4,597 shares of Bright Horizons Family Solutions stock in a transaction on Monday, June 10th. The shares were sold at an average price of $107.23, for a total value of $492,936.31. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,032 shares of company stock worth $3,777,020. 1.22% of the stock is owned by company insiders.

Institutional Trading of Bright Horizons Family Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new stake in Bright Horizons Family Solutions during the 2nd quarter worth $1,754,000. Quarry LP lifted its stake in shares of Bright Horizons Family Solutions by 68.3% during the second quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after purchasing an additional 177 shares in the last quarter. Algert Global LLC boosted its position in shares of Bright Horizons Family Solutions by 139.7% in the second quarter. Algert Global LLC now owns 39,961 shares of the company’s stock worth $4,399,000 after buying an additional 23,291 shares during the period. Millennium Management LLC acquired a new stake in shares of Bright Horizons Family Solutions in the second quarter valued at about $28,995,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter valued at about $110,000.

Bright Horizons Family Solutions Company Profile

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.