Analysts’ Weekly Ratings Changes for Bright Horizons Family Solutions (BFAM)

Several analysts have recently updated their ratings and price targets for Bright Horizons Family Solutions (NYSE: BFAM):

• 5/3/2024 – Bright Horizons Family Solutions had its price target raised by analysts at JPMorgan Chase & Co. from $107.00 to $119.00. They now have an “overweight” rating on the stock.
• 5/3/2024 – Bright Horizons Family Solutions had its price target raised by analysts at Robert W. Baird from $105.00 to $115.00. They now have a “neutral” rating on the stock.
• 5/3/2024 – Bright Horizons Family Solutions had its price target raised by analysts at BMO Capital Markets from $102.00 to $104.00. They now have a “market perform” rating on the stock.
• 5/3/2024 – Bright Horizons Family Solutions was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 4/10/2024 – Bright Horizons Family Solutions had its price target raised by analysts at The Goldman Sachs Group, Inc. from $108.00 to $123.00. They now have a “buy” rating on the stock.

Bright Horizons Family Solutions Price Performance

NYSE:BFAM traded down $0.42 during mid-day trading on Tuesday, reaching $114.10. 224,744 shares of the company were exchanged, compared to its average volume of 342,204. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.78. Bright Horizons Family Solutions Inc. has a 12 month low of $71.65 and a 12 month high of $119.21. The stock has a market cap of $6.62 billion, a PE ratio of 80.35, a PEG ratio of 4.28 and a beta of 1.38. The company has a fifty day moving average of $111.25 and a 200 day moving average of $99.20.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Tuesday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.14%. The company had revenue of $615.65 million for the quarter, compared to the consensus estimate of $588.63 million. On average, research analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.69 EPS for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 15,640 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the sale, the chief financial officer now directly owns 89,983 shares in the company, valued at approximately $10,237,365.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Elizabeth J. Boland sold 15,640 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the completion of the transaction, the chief financial officer now directly owns 89,983 shares of the company’s stock, valued at approximately $10,237,365.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mary Lou Burke sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total transaction of $157,500.00. Following the transaction, the chief operating officer now directly owns 37,253 shares of the company’s stock, valued at $3,911,565. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the company. Riverview Trust Co acquired a new stake in Bright Horizons Family Solutions during the first quarter worth about $25,000. Principal Securities Inc. acquired a new position in Bright Horizons Family Solutions during the fourth quarter valued at approximately $38,000. YHB Investment Advisors Inc. acquired a new position in Bright Horizons Family Solutions during the first quarter valued at approximately $40,000. Signaturefd LLC raised its position in Bright Horizons Family Solutions by 102.2% during the third quarter. Signaturefd LLC now owns 653 shares of the company’s stock valued at $53,000 after purchasing an additional 330 shares in the last quarter. Finally, Eagle Bay Advisors LLC raised its position in Bright Horizons Family Solutions by 120.2% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,240 shares of the company’s stock valued at $117,000 after purchasing an additional 677 shares in the last quarter.

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.