Bright Horizons Family Solutions Inc. (NYSE:BFAM) Receives $107.43 Average Target Price from Analysts

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) have received an average rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $107.43.

Several research firms have recently commented on BFAM. Robert W. Baird upped their price target on shares of Bright Horizons Family Solutions from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. UBS Group dropped their price target on shares of Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. The Goldman Sachs Group increased their price objective on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. BMO Capital Markets boosted their price target on Bright Horizons Family Solutions from $102.00 to $104.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. Finally, StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd.

Insider Buying and Selling

In related news, CAO Jason Janoff sold 6,000 shares of Bright Horizons Family Solutions stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $113.79, for a total value of $682,740.00. Following the transaction, the chief accounting officer now directly owns 8,955 shares in the company, valued at approximately $1,018,989.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Bright Horizons Family Solutions news, CEO Stephen Howard Kramer sold 11,250 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were 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 directly owns 122,573 shares of the company’s stock, valued at approximately $13,967,193.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jason Janoff sold 6,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $113.79, for a total value of $682,740.00. Following the completion of the sale, the chief accounting officer now owns 8,955 shares of the company’s stock, valued at approximately $1,018,989.45. The disclosure for this sale can be found here. Insiders have sold 32,890 shares of company stock worth $3,744,040 in the last ninety days. 1.28% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several hedge funds have recently bought and sold shares of BFAM. Treasurer of the State of North Carolina grew its stake in shares of Bright Horizons Family Solutions by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 25,220 shares of the company’s stock valued at $2,054,000 after buying an additional 130 shares in the last quarter. SYSTM Wealth Solutions LLC grew its position in Bright Horizons Family Solutions by 7.7% in the first quarter. SYSTM Wealth Solutions LLC now owns 2,307 shares of the company’s stock worth $262,000 after acquiring an additional 164 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Bright Horizons Family Solutions by 2.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 9,545 shares of the company’s stock worth $1,082,000 after acquiring an additional 215 shares in the last quarter. Riverview Trust Co acquired a new position in shares of Bright Horizons Family Solutions during the 1st quarter worth $25,000. Finally, Natixis Advisors L.P. raised its holdings in shares of Bright Horizons Family Solutions by 0.9% during the 3rd quarter. Natixis Advisors L.P. now owns 23,264 shares of the company’s stock valued at $1,895,000 after purchasing an additional 218 shares in the last quarter.

Bright Horizons Family Solutions Price Performance

BFAM opened at $107.62 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average price is $110.22 and its 200 day moving average price is $102.24. Bright Horizons Family Solutions has a fifty-two week low of $71.65 and a fifty-two week high of $119.21. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 75.79, a price-to-earnings-growth ratio of 4.07 and a beta of 1.38.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.06. The business had revenue of $622.71 million for the quarter, compared to the consensus estimate of $614.60 million. Bright Horizons Family Solutions had a return on equity of 12.00% and a net margin of 3.34%. As a group, sell-side analysts expect that Bright Horizons Family Solutions will post 2.76 earnings per share for the current year.

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.