Bright Horizons Family Solutions (NYSE:BFAM) Price Target Raised to $152.00

Bright Horizons Family Solutions (NYSE:BFAM) had its price target increased by BMO Capital Markets to $152.00 in a report released on Wednesday, The Fly reports. They currently have a market perform rating on the stock.

BFAM has been the subject of a number of other reports. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Goldman Sachs Group set a €6.20 ($7.21) target price on Kloeckner & Co SE and gave the company a buy rating in a research report on Thursday, June 20th. Finally, Zacks Investment Research lowered EXACT Sciences from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $131.29.

Shares of NYSE:BFAM opened at $153.09 on Wednesday. The firm has a market cap of $8.89 billion, a P/E ratio of 49.23, a price-to-earnings-growth ratio of 4.26 and a beta of 0.31. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.36 and a quick ratio of 0.36. The company has a 50-day simple moving average of $144.18. Bright Horizons Family Solutions has a 1 year low of $105.15 and a 1 year high of $155.00.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. The company had revenue of $501.76 million for the quarter, compared to the consensus estimate of $497.24 million. Bright Horizons Family Solutions had a return on equity of 23.38% and a net margin of 8.38%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 EPS. Research analysts predict that Bright Horizons Family Solutions will post 3.39 EPS for the current fiscal year.

In other Bright Horizons Family Solutions news, CEO Stephen Howard Kramer sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $127.87, for a total transaction of $511,480.00. Following the completion of the sale, the chief executive officer now directly owns 95,633 shares of the company’s stock, valued at approximately $12,228,591.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen I. Dreier sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $151.84, for a total value of $986,960.00. Following the sale, the executive vice president now directly owns 41,023 shares of the company’s stock, valued at $6,228,932.32. The disclosure for this sale can be found here. Insiders sold a total of 38,908 shares of company stock valued at $5,505,026 over the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Bluestein R H & Co. bought a new stake in Bright Horizons Family Solutions during the 1st quarter worth approximately $381,000. Nomura Asset Management Co. Ltd. increased its holdings in Bright Horizons Family Solutions by 1.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 13,570 shares of the company’s stock worth $1,725,000 after purchasing an additional 170 shares in the last quarter. Great Point Wealth Advisors LLC bought a new stake in Bright Horizons Family Solutions during the 4th quarter worth approximately $1,019,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Bright Horizons Family Solutions by 20.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,525 shares of the company’s stock worth $393,000 after purchasing an additional 596 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Bright Horizons Family Solutions by 12.4% during the 4th quarter. Legal & General Group Plc now owns 33,573 shares of the company’s stock worth $3,741,000 after purchasing an additional 3,717 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

About Bright Horizons Family Solutions

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

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The Fly

Analyst Recommendations for Bright Horizons Family Solutions (NYSE:BFAM)

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