Bright Horizons Family Solutions (NYSE:BFAM) PT raised to $160.00 at Barclays

Bright Horizons Family Solutions (NYSE:BFAM – Get a Free Report) The target price was upped by analysts at Barclays from $125.00 to $160.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays’ price objective indicates a potential upside of 13.70% from the company’s previous close.

BFAM has been the subject of several other reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. BMO Capital Markets boosted their price objective on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Robert W. Baird boosted their price objective on Bright Horizons Family Solutions from $115.00 to $131.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Goldman Sachs Group boosted their price objective on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the company a “buy” rating in a research report on Friday. August 2. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Bright Horizons Family Solutions currently has a consensus rating of “Hold” and an average price target of $133.43, based on data from MarketBeat.com.

Get the latest stock analysis on Bright Horizons Family Solutions

Bright Horizons Family Solutions trading up 1.2%

NYSE:BFAM opened at $140.72 on Friday. The stock’s 50-day moving average price is $122.80 and its 200-day moving average price is $114.32. Bright Horizons Family Solutions has a 52-week low of $71.65 and a 52-week high of $140.86. The company has a market cap of $8.16 billion, a P/E ratio of 99.10, a P/E/G ratio of 4.44 and a beta of 1.45. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.51, and a current ratio of 0.51.

Bright Horizons Family Solutions (NYSE:BFAM – Get Your Free Report ) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.73 by $0.15. Bright Horizons Family Solutions had a return on equity of 13.08% and a net margin of 3.98%. The company had revenue of $670.10 million for the quarter, compared to the consensus estimate of $666.17 million. In the same quarter last year, the company posted earnings of $0.54 per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, research analysts forecast that Bright Horizons Family Solutions will post 2.76 EPS for the current fiscal year.

Indoor activity

In other news, Director Mary Ann Tocio sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $108.95, for a total value of $435,800.00. Following the completion of the sale, the director now directly owns 31,855 shares in the company, valued at $3,470,602.25. The sale was disclosed in a filing with the SEC, which is accessible via this link. In other news, Director Mary Ann Tocio sold 4,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $108.95, for a total value of $435,800.00. Following the completion of the sale, the director now directly owns 31,855 shares in the company, valued at $3,470,602.25. The sale was disclosed in a filing with the SEC, which is accessible via this link. Also, COO Mary Lou Burke sold 14,500 shares of Bright Horizons Family Solutions stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $130.90, for a total value of $1,898,050.00. Following the completion of the sale, the chief operating officer now owns 33,425 shares of the company’s stock, valued at $4,375,332.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,232 shares of company stock worth $4,100,300. 1.22% of shares are owned by corporate insiders.

Institutional trading of Bright Horizons Family Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BFAM. Riverview Trust Co acquired a new position in shares of Bright Horizons Family Solutions in the first quarter valued at $25,000. Principal Securities Inc. purchased a new position in Bright Horizons Family Solutions in the fourth quarter valued at approximately $38,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 850.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after acquiring an additional 306 shares in the last quarter. YHB Investment Advisors Inc. acquired a new stake in shares of Bright Horizons Family Solutions in the 1st quarter worth about $40,000. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 73.3% during the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after purchasing an additional 165 shares during the last quarter.

Bright Horizons Family Solutions Company Profile

(Get a free report)

Bright Horizons Family Solutions Inc provides early childhood education and childcare, respite care, educational counseling and other workplace solutions services to 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 child care, backup care and educational counseling and other services.

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