Robert W. Baird Raises Bright Horizons Family Solutions (NYSE:BFAM) Price Target to $115.00

Bright Horizons Family Solutions (NYSE:BFAM) had its price target hoisted by Robert W. Baird from $105.00 to $115.00 in a research report report published on Friday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Several other research analysts also recently commented on BFAM. BMO Capital Markets lifted their target price on shares of Bright Horizons Family Solutions from $90.00 to $92.00 and gave the stock a market perform rating in a report on Thursday, February 15th. StockNews.com lowered Bright Horizons Family Solutions from a hold rating to a sell rating in a research note on Wednesday, February 21st. Barclays raised Bright Horizons Family Solutions from an equal weight rating to an overweight rating and boosted their price objective for the stock from $100.00 to $125.00 in a research report on Wednesday, February 28th. UBS Group lowered their target price on Bright Horizons Family Solutions from $103.00 to $102.00 and set a neutral rating on the stock in a report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. lifted their price target on Bright Horizons Family Solutions from $93.00 to $107.00 and gave the stock an overweight rating in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Bright Horizons Family Solutions has a consensus rating of Hold and an average price target of $106.63.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE BFAM opened at $111.23 on Friday. The business’s 50-day simple moving average is $111.11 and its 200-day simple moving average is $98.95. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.56 and a current ratio of 0.56. Bright Horizons Family Solutions has a 52 week low of $71.65 and a 52 week high of $119.21. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 78.33, a P/E/G ratio of 4.28 and a beta of 1.38.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Tuesday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.12. Bright Horizons Family Solutions had a return on equity of 12.14% and a net margin of 3.34%. The firm had revenue of $615.65 million during the quarter, compared to analysts’ expectations of $588.63 million. As a group, equities research analysts expect that Bright Horizons Family Solutions will post 2.69 earnings per share for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,500 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total transaction of $157,500.00. Following the sale, the chief operating officer now owns 37,253 shares of the company’s stock, valued at approximately $3,911,565. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Mary Lou Burke sold 1,500 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total value of $157,500.00. Following the completion of the transaction, the chief operating officer now owns 37,253 shares in the company, valued at approximately $3,911,565. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Elizabeth J. Boland sold 15,640 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the completion of the transaction, the chief financial officer now owns 89,983 shares of the company’s stock, valued at approximately $10,237,365.91. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Chevy Chase Trust Holdings LLC bought a new position in shares of Bright Horizons Family Solutions during the 1st quarter worth approximately $241,000. Janney Montgomery Scott LLC raised its stake in Bright Horizons Family Solutions by 5.9% during the first quarter. Janney Montgomery Scott LLC now owns 52,873 shares of the company’s stock worth $5,994,000 after acquiring an additional 2,950 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Bright Horizons Family Solutions by 15.0% during the first quarter. BNP Paribas Financial Markets now owns 8,817 shares of the company’s stock worth $999,000 after acquiring an additional 1,147 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Bright Horizons Family Solutions by 0.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 163,185 shares of the company’s stock valued at $18,499,000 after acquiring an additional 1,221 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Bright Horizons Family Solutions by 22.0% in the 1st quarter. Principal Financial Group Inc. now owns 4,913 shares of the company’s stock valued at $557,000 after purchasing an additional 885 shares in 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.