Bright Horizons Family Solutions (NYSE:BFAM) Hits New 52-Week Low – Time to Sell?

Bright Horizons Family Solutions Inc. (NYSE:BFAM) hit a new 52-week low during trading on Monday . The company traded as low as $85.63 and last traded at $84.68, with a volume of 8941 shares trading hands. The stock had previously closed at $88.72.

Analysts Set New Price Targets

BFAM has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Bright Horizons Family Solutions in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their price target on shares of Bright Horizons Family Solutions from $156.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Morgan Stanley dropped their price target on shares of Bright Horizons Family Solutions from $99.00 to $93.00 and set an “underweight” rating on the stock in a research note on Wednesday, December 17th. UBS Group cut their price objective on shares of Bright Horizons Family Solutions from $120.00 to $107.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st. Finally, Robert W. Baird set a $136.00 target price on shares of Bright Horizons Family Solutions in a report on Friday, October 31st. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of “Hold” and an average price target of $126.43.

Bright Horizons Family Solutions Stock Down 2.4%

The company’s 50 day simple moving average is $98.42 and its 200-day simple moving average is $104.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market capitalization of $4.75 billion, a PE ratio of 24.14, a PEG ratio of 1.05 and a beta of 1.40.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BFAM. Financial Consulate Inc. purchased a new position in shares of Bright Horizons Family Solutions during the third quarter worth approximately $26,000. TruNorth Capital Management LLC bought a new position in shares of Bright Horizons Family Solutions during the 3rd quarter valued at $28,000. Rothschild Investment LLC raised its position in Bright Horizons Family Solutions by 6,700.0% in the 3rd quarter. Rothschild Investment LLC now owns 340 shares of the company’s stock worth $37,000 after purchasing an additional 335 shares during the period. SJS Investment Consulting Inc. lifted its stake in Bright Horizons Family Solutions by 9,075.0% in the third quarter. SJS Investment Consulting Inc. now owns 367 shares of the company’s stock worth $40,000 after purchasing an additional 363 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Bright Horizons Family Solutions by 34.4% in the fourth quarter. Signaturefd LLC now owns 426 shares of the company’s stock worth $43,000 after purchasing an additional 109 shares during the last quarter.

About Bright Horizons Family Solutions

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.