Bright Horizons Family Solutions Inc. (NYSE:BFAM) Given Average Recommendation of “Hold” by Analysts

Bright Horizons Family Solutions Inc. (NYSE:BFAM) has been given a consensus recommendation of “Hold” by the eight research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $134.63.

Several analysts have issued reports on BFAM shares. JPMorgan Chase & Co. upped their price target on shares of Bright Horizons Family Solutions from $119.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. UBS Group raised their price target on Bright Horizons Family Solutions from $128.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Robert W. Baird boosted their price objective on Bright Horizons Family Solutions from $115.00 to $131.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group upped their price target on shares of Bright Horizons Family Solutions from $125.00 to $142.00 and gave the company a “buy” rating in a report on Friday, August 2nd.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM opened at $129.77 on Friday. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 91.39 and a beta of 1.48. The business has a 50 day moving average of $136.69 and a 200 day moving average of $121.03. 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 announced its quarterly earnings data 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 firm had revenue of $670.10 million during the quarter, compared to analyst estimates of $666.17 million. During the same period in the previous year, the business posted $0.54 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts predict that Bright Horizons Family Solutions will post 2.98 earnings per share for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 14,500 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $130.90, for a total value of $1,898,050.00. Following the completion of the transaction, the chief operating officer now directly owns 33,425 shares in the company, valued at approximately $4,375,332.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $130.93, for a total value of $327,325.00. Following the completion of the transaction, the director now owns 30,257 shares in the company, valued at approximately $3,961,549.01. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mary Lou Burke sold 14,500 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $130.90, for a total value of $1,898,050.00. Following the transaction, the chief operating officer now directly owns 33,425 shares of the company’s stock, valued at $4,375,332.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,635 shares of company stock worth $3,100,340 over the last quarter. Corporate insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Lord Abbett & CO. LLC bought a new position in shares of Bright Horizons Family Solutions during the first quarter valued at approximately $64,735,000. CANADA LIFE ASSURANCE Co raised its stake in Bright Horizons Family Solutions by 141.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company’s stock valued at $1,676,000 after buying an additional 8,666 shares during the last quarter. M&G Plc bought a new stake in Bright Horizons Family Solutions in the first quarter worth $27,467,000. Bayesian Capital Management LP purchased a new stake in shares of Bright Horizons Family Solutions in the first quarter worth $981,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Bright Horizons Family Solutions by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock valued at $86,395,000 after acquiring an additional 51,024 shares in the last quarter.

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.