Bright Horizons Family Solutions (NYSE:BFAM) Given New $80.00 Price Target at Barclays

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective cut by Barclays from $95.00 to $80.00 in a report released on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 46.50% from the company’s current price.

Other research analysts also recently issued research reports about the company. BMO Capital Markets restated an “outperform” rating and set a $75.00 price target on shares of Bright Horizons Family Solutions in a report on Friday. UBS Group reduced their target price on shares of Bright Horizons Family Solutions from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday. The Goldman Sachs Group reduced their price objective on Bright Horizons Family Solutions from $93.00 to $80.00 and set a “buy” rating for the company in a research report on Friday. Robert W. Baird downgraded shares of Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $98.00 to $65.00 in a research report on Friday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Bright Horizons Family Solutions in a report on Tuesday, October 27th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $79.50.

Bright Horizons Family Solutions Price Performance

Shares of BFAM traded down $0.37 during midday trading on Monday, reaching $54.61. The stock had a trading volume of 1,530,580 shares, compared to its average volume of 1,004,237. The company’s 50-day moving average is $68.36 and its 200 day moving average is $74.27. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of -18.38, a price-to-earnings-growth ratio of 0.84 and a beta of 1.18. Bright Horizons Family Solutions has a 12-month low of $52.10 and a 12-month high of $108.10. The company has a current ratio of 0.45, a quick ratio of 0.48 and a debt-to-equity ratio of 1.68.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.04. Bright Horizons Family Solutions had a negative net margin of 4.38% and a positive return on equity of 23.72%. The business had revenue of $841.47 million for the quarter, compared to analysts’ expectations of $842.69 million. During the same period last year, the business earned $1.57 earnings per share. The business’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities analysts predict that Bright Horizons Family Solutions will post 4.70 EPS for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Burke sold 1,200 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $75.00, for a total value of $90,000.00. Following the completion of the sale, the chief operating officer owned 30,945 shares of the company’s stock, valued at approximately $2,320,875. This trade represents a 3.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary Tocio sold 6,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $72.65, for a total value of $435,900.00. Following the completion of the transaction, the director owned 14,329 shares of the company’s stock, valued at $1,041,001.85. This represents a 29.51% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.42% of the company’s stock.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Hedge funds have recently bought and sold shares of the business. Signaturefd LLC boosted its holdings in shares of Bright Horizons Family Solutions by 77.4% during the 3rd quarter. Signaturefd LLC now owns 392 shares of the company’s stock valued at $25,000 after acquiring an additional 171 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Bright Horizons Family Solutions during the second quarter valued at approximately $29,000. Root Financial Partners LLC purchased a new position in shares of Bright Horizons Family Solutions during the third quarter valued at approximately $28,000. State of Wyoming bought a new position in Bright Horizons Family Solutions during the first quarter valued at approximately $60,000. Finally, Versant Capital Management Inc lifted its position in Bright Horizons Family Solutions by 3,055.6% during the third quarter. Versant Capital Management Inc now owns 852 shares of the company’s stock valued at $54,000 after purchasing an additional 825 shares during the period.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides employer-sponsored child care and workplace support services. The company operates early education and preschool centers that serve infants, toddlers, preschoolers and school-age children, with programs designed to support children’s development and learning.

Its services also include back-up care for children and other dependents, typically provided through a network of child care centers, in-home caregivers and other providers. Through its Bright Horizons EdAssist Solutions business, the company offers education advising, tuition assistance administration, student loan support and related workforce education services for employers and their employees.

Founded in 1986, Bright Horizons serves families and corporate clients primarily in the United States and also has operations in the United Kingdom and other international markets.