Bright Horizons Family Solutions (BFAM) Sets New 12-Month High at $120.56

Bright Horizons Family Solutions Inc (NYSE:BFAM)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $120.56 and last traded at $120.57, with a volume of 7801 shares traded. The stock had previously closed at $118.30.

A number of equities analysts recently issued reports on BFAM shares. Barclays upped their price objective on shares of Bright Horizons Family Solutions from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 2nd. Robert W. Baird upped their price objective on shares of Bright Horizons Family Solutions from $115.00 to $122.00 and gave the stock a “neutral” rating in a research report on Friday, November 2nd. JPMorgan Chase & Co. upped their price objective on shares of Bright Horizons Family Solutions from $121.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 2nd. Bank of America assumed coverage on shares of Bright Horizons Family Solutions in a research report on Tuesday, October 23rd. They set a “neutral” rating and a $118.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Wednesday. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $113.36.

The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market cap of $6.75 billion, a PE ratio of 47.38, a P/E/G ratio of 3.26 and a beta of 0.19.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.73 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. Bright Horizons Family Solutions had a net margin of 8.73% and a return on equity of 22.81%. The firm had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $471.85 million. During the same period in the prior year, the company posted $0.62 EPS. The company’s revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts forecast that Bright Horizons Family Solutions Inc will post 2.97 EPS for the current year.

In other news, Director Mary Ann Tocio sold 2,500 shares of the company’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $117.41, for a total value of $293,525.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Roger H. Brown sold 16,958 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $114.66, for a total transaction of $1,944,404.28. Following the completion of the sale, the director now directly owns 4,442 shares in the company, valued at $509,319.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,258 shares of company stock worth $5,692,514. Insiders own 2.20% of the company’s stock.

Large investors have recently bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at $147,000. First Hawaiian Bank bought a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at $158,000. Advisors Asset Management Inc. boosted its stake in shares of Bright Horizons Family Solutions by 242.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,672 shares of the company’s stock valued at $171,000 after purchasing an additional 1,184 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at $200,000. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at $213,000. 97.79% of the stock is currently owned by institutional investors.

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Bright Horizons Family Solutions Company Profile (NYSE:BFAM)

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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