Bright Horizons Family Solutions (NYSE:BFAM) PT Raised to $131.00

Bright Horizons Family Solutions (NYSE:BFAM) had its price target lifted by Robert W. Baird from $115.00 to $131.00 in a research report released on Friday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research firms have also recently issued reports on BFAM. JPMorgan Chase & Co. raised their target price on shares of Bright Horizons Family Solutions from $107.00 to $119.00 and gave the stock an overweight rating in a research note on Friday, May 3rd. BMO Capital Markets raised their target price on shares of Bright Horizons Family Solutions from $102.00 to $104.00 and gave the stock a market perform rating in a research note on Friday, May 3rd. 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. Finally, The Goldman Sachs Group lifted their price objective on shares of Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a buy rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $128.43.

Bright Horizons Family Solutions Stock Up 14.1 %

Shares of BFAM stock traded up $16.72 during trading hours on Friday, hitting $135.15. 1,596,166 shares of the company were exchanged, compared to its average volume of 310,371. The business has a 50 day moving average of $110.98 and a two-hundred day moving average of $109.21. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.76. Bright Horizons Family Solutions has a 52 week low of $71.65 and a 52 week high of $136.22. The company has a market capitalization of $7.84 billion, a PE ratio of 95.18, a PEG ratio of 4.44 and a beta of 1.45.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, August 1st. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.15. The business had revenue of $670.10 million during the quarter, compared to the consensus estimate of $666.17 million. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 13.08%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. Analysts anticipate that Bright Horizons Family Solutions will post 2.76 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 1,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $120.00, for a total transaction of $120,000.00. Following the completion of the sale, the chief operating officer now owns 35,925 shares in the company, valued at approximately $4,311,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $120.00, for a total value of $120,000.00. Following the completion of the sale, the chief operating officer now owns 35,925 shares in the company, valued at $4,311,000. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen Howard Kramer sold 11,250 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was 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 owns 122,573 shares of the company’s stock, valued at approximately $13,967,193.35. The disclosure for this sale can be found here. Insiders have sold 28,447 shares of company stock worth $3,186,710 in the last quarter. Company insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BFAM. TD Asset Management Inc increased its stake in shares of Bright Horizons Family Solutions by 18.0% in the second quarter. TD Asset Management Inc now owns 214,162 shares of the company’s stock worth $23,575,000 after buying an additional 32,600 shares during the period. Mesirow Institutional Investment Management Inc. increased its position in Bright Horizons Family Solutions by 0.9% during the 2nd quarter. Mesirow Institutional Investment Management Inc. now owns 132,847 shares of the company’s stock valued at $14,624,000 after purchasing an additional 1,163 shares during the period. Triodos Investment Management BV increased its position in Bright Horizons Family Solutions by 4.0% during the 2nd quarter. Triodos Investment Management BV now owns 13,000 shares of the company’s stock valued at $1,431,000 after purchasing an additional 500 shares during the period. Heritage Family Offices LLP purchased a new position in Bright Horizons Family Solutions during the 2nd quarter valued at $310,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Bright Horizons Family Solutions by 9.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,676 shares of the company’s stock valued at $1,395,000 after purchasing an additional 1,057 shares during the period.

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.