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

Bright Horizons Family Solutions (NYSE:BFAM) was upgraded by Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday,Finviz reports. The brokerage currently has a $140.00 target price on the stock. Robert W. Baird’s target price would indicate a potential upside of 26.33% from the company’s previous close.

BFAM has been the subject of several other reports. Deutsche Bank Aktiengesellschaft raised their price objective on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. UBS Group raised their price objective on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Morgan Stanley raised their price objective on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group raised their price objective on 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. Finally, Barclays raised their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $141.50.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE BFAM opened at $110.82 on Friday. The stock has a fifty day moving average price of $129.65 and a two-hundred day moving average price of $122.54. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market cap of $6.45 billion, a P/E ratio of 55.69 and a beta of 1.49. Bright Horizons Family Solutions has a 1 year low of $86.79 and a 1 year high of $141.90.

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

Insider Activity at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the completion of the sale, the chief operating officer now owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.22% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. 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 worth $607,242,000 after buying an additional 29,942 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Bright Horizons Family Solutions by 15.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after buying an additional 423,456 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Bright Horizons Family Solutions by 1.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company’s stock worth $337,832,000 after buying an additional 44,893 shares during the last quarter. State Street Corp lifted its position in shares of Bright Horizons Family Solutions by 0.4% in the third quarter. State Street Corp now owns 999,263 shares of the company’s stock worth $140,027,000 after buying an additional 3,970 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Bright Horizons Family Solutions by 0.8% in the third quarter. Geode Capital Management LLC now owns 924,832 shares of the company’s stock worth $129,633,000 after buying an additional 7,597 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.