Bright Horizons Family Solutions Inc. (NYSE:BFAM) Receives $134.63 Consensus Price Target from Analysts

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) have earned an average recommendation of “Hold” from the eight brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $134.63.

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

Insider Activity at Bright Horizons Family Solutions

In other news, General Counsel John Guy Casagrande sold 4,235 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $129.86, for a total transaction of $549,957.10. Following the transaction, the general counsel now owns 13,677 shares in the company, valued at $1,776,095.22. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 14,500 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $130.90, for a total transaction of $1,898,050.00. Following the completion of the sale, the chief operating officer now owns 33,425 shares of the company’s stock, valued at $4,375,332.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel John Guy Casagrande sold 4,235 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $129.86, for a total value of $549,957.10. Following the transaction, the general counsel now owns 13,677 shares in the company, valued at approximately $1,776,095.22. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,635 shares of company stock valued at $3,100,340. 1.22% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several hedge funds have recently made changes to their positions in BFAM. Lord Abbett & CO. LLC bought a new stake in Bright Horizons Family Solutions in the 1st quarter valued at $64,735,000. CANADA LIFE ASSURANCE Co raised its position in Bright Horizons Family Solutions by 141.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company’s stock worth $1,676,000 after purchasing an additional 8,666 shares in the last quarter. M&G Plc acquired a new position in Bright Horizons Family Solutions in the first quarter worth about $27,467,000. Bayesian Capital Management LP bought a new position in Bright Horizons Family Solutions during the first quarter worth about $981,000. Finally, Dimensional Fund Advisors LP boosted its holdings in 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 purchasing an additional 51,024 shares in the last quarter.

Bright Horizons Family Solutions Trading Up 0.2 %

Bright Horizons Family Solutions stock opened at $130.52 on Friday. Bright Horizons Family Solutions has a 52-week low of $71.65 and a 52-week high of $141.90. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 91.92 and a beta of 1.48. The firm has a 50-day moving average price of $137.00 and a two-hundred day moving average price of $120.71.

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

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.