Bright Horizons Family Solutions Inc. (NYSE:BFAM) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Bright Horizons Family Solutions Inc. (NYSE:BFAM - Get Free Report) has earned an average rating of "Moderate Buy" from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $138.67.

BFAM has been the topic of several research reports. Morgan Stanley raised their price target on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a report on Tuesday, May 6th. Jefferies Financial Group lowered shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and cut their price target for the company from $146.00 to $135.00 in a report on Monday, June 23rd.

Bright Horizons Family Solutions Price Performance

NYSE BFAM traded up $0.41 during trading hours on Tuesday, reaching $113.69. The company's stock had a trading volume of 21,439 shares, compared to its average volume of 463,996. The stock has a market cap of $6.51 billion, a PE ratio of 41.04 and a beta of 1.30. Bright Horizons Family Solutions has a fifty-two week low of $103.75 and a fifty-two week high of $141.90. The company's 50-day moving average is $122.02 and its two-hundred day moving average is $121.97. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.60 and a current ratio of 0.60.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.14. Bright Horizons Family Solutions had a net margin of 5.91% and a return on equity of 14.62%. The business had revenue of $665.53 million for the quarter, compared to analyst estimates of $664.34 million. During the same period in the prior year, the firm posted $0.51 EPS. The company's revenue was up 6.9% on a year-over-year basis. Analysts forecast that Bright Horizons Family Solutions will post 3.61 EPS for the current year.

Insider Activity at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $128.49, for a total transaction of $321,225.00. Following the completion of the sale, the director owned 20,257 shares of the company's stock, valued at approximately $2,602,821.93. This trade represents a 10.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $122.56, for a total transaction of $122,560.00. Following the sale, the chief operating officer directly owned 29,449 shares of the company's stock, valued at $3,609,269.44. The trade was a 3.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,282 shares of company stock worth $1,848,993 over the last three months. 1.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Bright Horizons Family Solutions by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 5,442,777 shares of the company's stock worth $603,332,000 after purchasing an additional 101,151 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Bright Horizons Family Solutions by 60.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company's stock worth $549,654,000 after purchasing an additional 1,868,117 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Bright Horizons Family Solutions by 23.8% during the first quarter. JPMorgan Chase & Co. now owns 4,391,997 shares of the company's stock worth $557,959,000 after purchasing an additional 845,391 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Bright Horizons Family Solutions by 3.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,200,371 shares of the company's stock valued at $406,575,000 after buying an additional 95,860 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Bright Horizons Family Solutions by 1.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,589,014 shares of the company's stock valued at $328,908,000 after buying an additional 29,425 shares during the last quarter.

Bright Horizons Family Solutions Company Profile

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.