Bright Horizons Family Solutions (NYSE:BFAM) Sets New 1-Year Low – Should You Sell?

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $90.75 and last traded at $90.7360, with a volume of 22909 shares traded. The stock had previously closed at $92.54.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Robert W. Baird set a $136.00 target price on Bright Horizons Family Solutions in a report on Friday, October 31st. Morgan Stanley reduced their price target on shares of Bright Horizons Family Solutions from $99.00 to $93.00 and set an “underweight” rating for the company in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bright Horizons Family Solutions in a report on Monday, December 29th. BMO Capital Markets reiterated an “outperform” rating and issued a $124.00 price objective on shares of Bright Horizons Family Solutions in a research note on Friday, October 31st. Finally, The Goldman Sachs Group decreased their target price on shares of Bright Horizons Family Solutions from $146.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $126.43.

Bright Horizons Family Solutions Stock Down 0.8%

The company has a market cap of $5.16 billion, a PE ratio of 26.21, a P/E/G ratio of 1.12 and a beta of 1.41. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.52. The business has a 50-day simple moving average of $99.88 and a 200-day simple moving average of $106.14.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.32 by $0.25. The company had revenue of $802.81 million during the quarter, compared to analyst estimates of $781.16 million. Bright Horizons Family Solutions had a net margin of 6.98% and a return on equity of 17.07%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.11 EPS. Equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BFAM. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Bright Horizons Family Solutions by 24.5% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 56,252 shares of the company’s stock valued at $6,107,000 after purchasing an additional 11,085 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Bright Horizons Family Solutions during the 3rd quarter worth approximately $2,768,000. Conestoga Capital Advisors LLC lifted its holdings in Bright Horizons Family Solutions by 2.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 880,580 shares of the company’s stock worth $95,605,000 after buying an additional 22,570 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Bright Horizons Family Solutions by 503.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 159,540 shares of the company’s stock valued at $17,321,000 after buying an additional 133,119 shares during the period. Finally, CWM LLC grew its stake in shares of Bright Horizons Family Solutions by 86.5% in the third quarter. CWM LLC now owns 33,131 shares of the company’s stock worth $3,597,000 after acquiring an additional 15,368 shares in the last quarter.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.