Analysts Set Bright Horizons Family Solutions Inc. (NYSE:BFAM) PT at $102.38

Bright Horizons Family Solutions Inc. (NYSE:BFAM) has earned an average recommendation of “Hold” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $102.38.

A number of analysts have recently commented on BFAM shares. Robert W. Baird boosted their price objective on shares of Bright Horizons Family Solutions from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. UBS Group cut their price objective on shares of Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. The Goldman Sachs Group boosted their price objective on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Barclays raised shares of Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $100.00 to $125.00 in a research report on Wednesday, February 28th. Finally, StockNews.com lowered shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st.

Bright Horizons Family Solutions Stock Down 2.3 %

Shares of NYSE BFAM opened at $103.71 on Friday. The stock has a market cap of $6.02 billion, a P/E ratio of 81.66, a P/E/G ratio of 4.10 and a beta of 1.37. Bright Horizons Family Solutions has a 52-week low of $71.65 and a 52-week high of $119.21. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a 50 day moving average price of $111.16 and a 200 day moving average price of $98.39.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.12. The company had revenue of $615.65 million during the quarter, compared to analysts’ expectations of $588.63 million. Bright Horizons Family Solutions had a net margin of 3.07% and a return on equity of 12.24%. Analysts expect that Bright Horizons Family Solutions will post 2.69 EPS for the current year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,500 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total transaction of $157,500.00. Following the sale, the chief operating officer now directly owns 37,253 shares of the company’s stock, valued at $3,911,565. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Elizabeth J. Boland sold 15,640 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total value of $1,779,362.80. Following the transaction, the chief financial officer now directly owns 89,983 shares in the company, valued at $10,237,365.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mary Lou Burke sold 1,500 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total transaction of $157,500.00. Following the completion of the transaction, the chief operating officer now owns 37,253 shares in the company, valued at $3,911,565. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,740 shares of company stock valued at $1,996,191. 1.28% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its stake in shares of Bright Horizons Family Solutions by 0.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 163,185 shares of the company’s stock valued at $18,499,000 after acquiring an additional 1,221 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Bright Horizons Family Solutions by 22.0% in the first quarter. Principal Financial Group Inc. now owns 4,913 shares of the company’s stock valued at $557,000 after acquiring an additional 885 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of Bright Horizons Family Solutions by 5.5% in the first quarter. Conestoga Capital Advisors LLC now owns 197,705 shares of the company’s stock valued at $22,412,000 after acquiring an additional 10,240 shares in the last quarter. YHB Investment Advisors Inc. acquired a new stake in Bright Horizons Family Solutions during the first quarter worth about $40,000. Finally, SYSTM Wealth Solutions LLC grew 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 buying an additional 164 shares in the last quarter.

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.