Bright Horizons Family Solutions (NYSE:BFAM) Stock Gets Price Target Reduction from Barclays

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective decreased by Barclays from $95.00 to $80.00 in a research report sent to investors on Monday,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other brokerages also recently commented on BFAM. The Goldman Sachs Group reduced their target price on Bright Horizons Family Solutions from $93.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, October 30th. Morgan Stanley dropped their price target on Bright Horizons Family Solutions from $64.00 to $57.00 and set an “underweight” rating on the stock in a research note on Friday, October 30th. BMO Capital Markets reaffirmed an “outperform” rating and set a $75.00 price target on shares of Bright Horizons Family Solutions in a report on Friday, October 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Bright Horizons Family Solutions in a report on Tuesday, October 27th. Finally, Robert W. Baird cut shares of Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $98.00 to $65.00 in a research report on Friday, October 30th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $79.50.

Bright Horizons Family Solutions Trading Up 5.6%

Bright Horizons Family Solutions stock opened at $56.21 on Monday. Bright Horizons Family Solutions has a 52 week low of $52.10 and a 52 week high of $105.75. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.48 and a current ratio of 0.45. The stock has a market capitalization of $2.69 billion, a P/E ratio of -18.93, a PEG ratio of 0.87 and a beta of 1.13. The stock has a 50-day simple moving average of $67.22 and a 200 day simple moving average of $73.62.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.04. The firm had revenue of $841.47 million for the quarter, compared to the consensus estimate of $842.69 million. Bright Horizons Family Solutions had a positive return on equity of 23.72% and a negative net margin of 4.38%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.57 earnings per share. Analysts expect that Bright Horizons Family Solutions will post 4.70 earnings per share for the current year.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, Director Mary Tocio sold 6,000 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $72.65, for a total transaction of $435,900.00. Following the transaction, the director owned 14,329 shares in the company, valued at $1,041,001.85. This trade represents a 29.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mary Burke sold 1,200 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $75.00, for a total value of $90,000.00. Following the completion of the transaction, the chief operating officer directly owned 30,945 shares of the company’s stock, valued at $2,320,875. This represents a 3.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.42% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

Several large investors have recently modified their holdings of BFAM. BlackRock Inc. bought a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter worth approximately $452,317,000. Dimensional Fund Advisors LP boosted its position in shares of Bright Horizons Family Solutions by 31.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,334,650 shares of the company’s stock worth $109,611,000 after acquiring an additional 316,919 shares in the last quarter. Giverny Capital Inc. increased its stake in Bright Horizons Family Solutions by 45.6% in the second quarter. Giverny Capital Inc. now owns 1,080,793 shares of the company’s stock valued at $76,607,000 after acquiring an additional 338,464 shares during the last quarter. Bamco Inc. NY bought a new position in Bright Horizons Family Solutions in the second quarter valued at approximately $74,789,000. Finally, William Blair Investment Management LLC bought a new position in Bright Horizons Family Solutions in the second quarter valued at approximately $58,093,000.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides employer-sponsored child care and workplace support services. The company operates early education and preschool centers that serve infants, toddlers, preschoolers and school-age children, with programs designed to support children’s development and learning.

Its services also include back-up care for children and other dependents, typically provided through a network of child care centers, in-home caregivers and other providers. Through its Bright Horizons EdAssist Solutions business, the company offers education advising, tuition assistance administration, student loan support and related workforce education services for employers and their employees.

Founded in 1986, Bright Horizons serves families and corporate clients primarily in the United States and also has operations in the United Kingdom and other international markets.