Bright Horizons Family Solutions (NYSE:BFAM) Shares Down 8% – Here’s What Happened

Bright Horizons Family Solutions Inc. (NYSE:BFAM)’s stock price dropped 8% during mid-day trading on Tuesday . The company traded as low as $121.84 and last traded at $122.17. Approximately 105,278 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 353,554 shares. The stock had previously closed at $132.83.

Wall Street Analyst Weigh In

BFAM has been the topic of a number of research analyst reports. BMO Capital Markets raised their price target on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their price target on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday. Morgan Stanley raised their price objective on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a report on Tuesday. Robert W. Baird raised their price objective on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, UBS Group raised their price objective on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $141.13.

Bright Horizons Family Solutions Trading Up 0.4 %

The firm has a market capitalization of $6.75 billion, a PE ratio of 66.84 and a beta of 1.49. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a fifty day moving average of $135.42 and a 200 day moving average of $122.24.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.06 by $0.05. The business had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The company’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS. Equities research analysts expect that Bright Horizons Family Solutions Inc. will post 2.98 EPS for the current year.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.65, for a total transaction of $112,520.00. Following the sale, the chief operating officer now directly owns 31,825 shares in the company, valued at $4,476,186.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.22% of the company’s stock.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the business. OLD National Bancorp IN grew its position in shares of Bright Horizons Family Solutions by 2.7% in the 3rd quarter. OLD National Bancorp IN now owns 3,159 shares of the company’s stock worth $443,000 after acquiring an additional 82 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Bright Horizons Family Solutions by 6.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company’s stock worth $252,000 after acquiring an additional 119 shares in the last quarter. MJP Associates Inc. ADV grew its position in shares of Bright Horizons Family Solutions by 7.0% in the 2nd quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company’s stock worth $263,000 after acquiring an additional 157 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after acquiring an additional 165 shares in the last quarter. Finally, Quarry LP grew its position in shares of Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after acquiring an additional 177 shares in the last quarter.

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.