Bright Horizons Family Solutions (NYSE:BFAM) Raised to “Outperform” at Robert W. Baird

Bright Horizons Family Solutions (NYSE:BFAM) was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday,Finviz reports. The firm presently has a $140.00 target price on the stock. Robert W. Baird’s target price suggests a potential upside of 26.33% from the company’s previous close.

BFAM has been the subject of several other reports. BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $137.00 to $125.00 in a research note on Monday. Morgan Stanley boosted their price target on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price target on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Barclays boosted their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Finally, The Goldman Sachs Group boosted their price target on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $141.50.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock opened at $110.82 on Friday. The stock has a fifty day moving average price of $129.65 and a 200 day moving average price of $122.54. The stock has a market cap of $6.45 billion, a PE ratio of 55.69 and a beta of 1.49. Bright Horizons Family Solutions has a 1 year low of $86.79 and a 1 year high of $141.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The company had revenue of $719.00 million during the quarter, compared to analysts’ expectations of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 earnings per share. Sell-side analysts forecast that Bright Horizons Family Solutions will post 3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the sale, the chief operating officer now owns 31,025 shares in the company, valued at $4,248,563.50. This represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.22% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the company. Raleigh Capital Management Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth approximately $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth approximately $35,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Bright Horizons Family Solutions by 850.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after purchasing an additional 306 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after purchasing an additional 165 shares during the period. Finally, Quarry LP raised its position in shares of Bright Horizons Family Solutions by 68.3% during the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after purchasing an additional 177 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.