Bright Horizons Family Solutions (NYSE:BFAM) had its price target boosted by BMO Capital Markets to $152.00 in a research note published on Wednesday, The Fly reports. The firm currently has a market perform rating on the stock.

A number of other analysts have also recently commented on BFAM. ValuEngine cut Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Zacks Investment Research lowered EXACT Sciences from a hold rating to a sell rating in a report on Tuesday, July 2nd. Finally, Goldman Sachs Group set a €6.20 ($7.21) price target on Kloeckner & Co SE and gave the company a buy rating in a report on Thursday, June 20th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Bright Horizons Family Solutions has an average rating of Buy and an average price target of $131.29.

Bright Horizons Family Solutions stock traded up $2.08 during mid-day trading on Wednesday, reaching $152.99. 305,500 shares of the stock traded hands, compared to its average volume of 205,557. The firm has a market capitalization of $8.77 billion, a PE ratio of 50.49, a PEG ratio of 4.31 and a beta of 0.31. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.24. Bright Horizons Family Solutions has a 12-month low of $105.15 and a 12-month high of $155.00. The firm’s 50-day simple moving average is $143.79.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. The company had revenue of $501.76 million during the quarter, compared to analysts’ expectations of $497.24 million. Bright Horizons Family Solutions had a return on equity of 23.38% and a net margin of 8.38%. Bright Horizons Family Solutions’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 earnings per share. Equities research analysts expect that Bright Horizons Family Solutions will post 3.39 EPS for the current fiscal year.

In other news, COO Mary Lou Burke sold 852 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $127.84, for a total value of $108,919.68. Following the completion of the transaction, the chief operating officer now owns 29,200 shares of the company’s stock, valued at $3,732,928. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Stephen I. Dreier sold 4,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $133.75, for a total value of $535,000.00. Following the completion of the transaction, the executive vice president now directly owns 41,023 shares of the company’s stock, valued at approximately $5,486,826.25. The disclosure for this sale can be found here. Insiders have sold 38,908 shares of company stock valued at $5,505,026 in the last three months. 1.90% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bluestein R H & Co. bought a new position in shares of Bright Horizons Family Solutions in the first quarter worth about $381,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of Bright Horizons Family Solutions by 1.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 13,570 shares of the company’s stock worth $1,725,000 after acquiring an additional 170 shares during the period. Great Point Wealth Advisors LLC bought a new position in shares of Bright Horizons Family Solutions in the fourth quarter worth about $1,019,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Bright Horizons Family Solutions by 20.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,525 shares of the company’s stock worth $393,000 after acquiring an additional 596 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Bright Horizons Family Solutions by 12.4% in the fourth quarter. Legal & General Group Plc now owns 33,573 shares of the company’s stock worth $3,741,000 after acquiring an additional 3,717 shares during the period. 97.29% of the stock is owned by hedge funds and other institutional investors.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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Analyst Recommendations for Bright Horizons Family Solutions (NYSE:BFAM)

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