Bright Horizons Family Solutions (NYSE:BFAM) Raised to Outperform at Robert W. Baird

Robert W. Baird upgraded shares of Bright Horizons Family Solutions (NYSE:BFAM) from a neutral rating to an outperform rating in a report released on Friday, Marketbeat Ratings reports. The firm currently has $140.00 price objective on the stock.

BFAM has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. UBS Group raised their price target on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. The Goldman Sachs Group upped their price target on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $137.00 to $125.00 in a research report on Monday, November 18th. Finally, Barclays lifted their target price on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $141.50.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock opened at $113.08 on Friday. The company’s fifty day moving average price is $128.51 and its 200-day moving average price is $122.57. The stock has a market cap of $6.58 billion, a PE ratio of 56.82 and a beta of 1.49. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions has a 12 month low of $86.79 and a 12 month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The business had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. During the same quarter in the previous year, the firm posted $0.78 earnings per share. Bright Horizons Family Solutions’s quarterly revenue was up 11.3% on a year-over-year basis. On average, equities analysts expect that Bright Horizons Family Solutions will post 3 EPS for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the sale, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at $4,248,563.50. This represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BFAM. Vanguard Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 0.6% in the first quarter. Vanguard Group Inc. now owns 5,356,758 shares of the company’s stock valued at $607,242,000 after acquiring an additional 29,942 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Bright Horizons Family Solutions by 141.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company’s stock worth $1,676,000 after purchasing an additional 8,666 shares in the last quarter. LRI Investments LLC bought a new position in Bright Horizons Family Solutions in the 1st quarter worth approximately $153,000. BOKF NA grew its holdings in Bright Horizons Family Solutions by 12.9% during the 1st quarter. BOKF NA now owns 4,486 shares of the company’s stock valued at $505,000 after buying an additional 511 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new stake in shares of Bright Horizons Family Solutions during the first quarter valued at approximately $981,000.

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.