Bright Horizons Family Solutions (NYSE:BFAM) Price Target Raised to $115.00 at Robert W. Baird

Bright Horizons Family Solutions (NYSE:BFAM) had its price target upped by equities research analysts at Robert W. Baird from $105.00 to $115.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 3.39% from the stock’s previous close.

Several other equities research analysts have also recently commented on the company. StockNews.com cut Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. The Goldman Sachs Group boosted their price objective on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Barclays raised Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $100.00 to $125.00 in a research report on Wednesday, February 28th. BMO Capital Markets upped their price target on Bright Horizons Family Solutions from $90.00 to $92.00 and gave the company a “market perform” rating in a research report on Thursday, February 15th. Finally, JPMorgan Chase & Co. upped their price target on Bright Horizons Family Solutions from $93.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of “Hold” and a consensus target price of $106.63.

Bright Horizons Family Solutions Trading Up 6.7 %

NYSE BFAM opened at $111.23 on Friday. The business has a 50 day simple moving average of $111.11 and a 200 day simple moving average of $98.80. Bright Horizons Family Solutions has a one year low of $71.65 and a one year high of $119.21. The stock has a market capitalization of $6.45 billion, a P/E ratio of 78.33, a P/E/G ratio of 4.01 and a beta of 1.38. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.56 and a quick ratio of 0.56.

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

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 1,500 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total transaction of $157,500.00. Following the sale, the chief operating officer now owns 37,253 shares of the company’s stock, valued at approximately $3,911,565. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Elizabeth J. Boland sold 15,640 shares of the stock in a transaction dated Wednesday, February 28th. The stock was 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 owns 89,983 shares of the company’s stock, valued at approximately $10,237,365.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mary Lou Burke sold 1,500 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total value of $157,500.00. Following the completion of the transaction, the chief operating officer now owns 37,253 shares in the company, valued at $3,911,565. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Institutional investors have recently added to or reduced their stakes in the business. Westfield Capital Management Co. LP increased its position in shares of Bright Horizons Family Solutions by 17.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 646,208 shares of the company’s stock valued at $52,640,000 after purchasing an additional 97,548 shares during the last quarter. Comerica Bank purchased a new stake in Bright Horizons Family Solutions during the 3rd quarter valued at about $10,590,000. Mission Wealth Management LP boosted its holdings in Bright Horizons Family Solutions by 4.1% during the 4th quarter. Mission Wealth Management LP now owns 10,588 shares of the company’s stock valued at $998,000 after acquiring an additional 415 shares during the period. International Assets Investment Management LLC purchased a new stake in Bright Horizons Family Solutions during the 4th quarter valued at about $54,890,000. Finally, Nordea Investment Management AB boosted its holdings in Bright Horizons Family Solutions by 12.5% during the 3rd quarter. Nordea Investment Management AB now owns 154,138 shares of the company’s stock valued at $12,598,000 after acquiring an additional 17,082 shares during the period.

About Bright Horizons Family Solutions

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.