Bright Horizons Family Solutions (NYSE:BFAM) Reaches New 1-Year High at $167.43

Bright Horizons Family Solutions Inc (NYSE:BFAM) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $167.43 and last traded at $166.04, with a volume of 803 shares. The stock had previously closed at $165.54.

A number of analysts recently issued reports on the stock. ValuEngine downgraded shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. BMO Capital Markets increased their price target on shares of Bright Horizons Family Solutions to $152.00 and gave the stock a “market perform” rating in a report on Wednesday, July 10th. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a report on Wednesday, August 7th. Finally, Goldman Sachs Group raised shares of Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a report on Thursday, June 20th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $134.57.

The company has a debt-to-equity ratio of 1.18, a current ratio of 0.41 and a quick ratio of 0.41. The firm has a market capitalization of $9.63 billion, a PE ratio of 54.47, a P/E/G ratio of 4.79 and a beta of 0.29. The company’s fifty day simple moving average is $156.48 and its 200-day simple moving average is $138.31.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.92 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.92. The business had revenue of $528.06 million for the quarter, compared to the consensus estimate of $531.13 million. Bright Horizons Family Solutions had a net margin of 8.67% and a return on equity of 23.29%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. Analysts forecast that Bright Horizons Family Solutions Inc will post 3.4 earnings per share for the current year.

In other news, COO Mary Lou Burke sold 2,556 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $139.01, for a total value of $355,309.56. Following the completion of the sale, the chief operating officer now directly owns 29,169 shares in the company, valued at $4,054,782.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen I. Dreier sold 6,500 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $151.84, for a total transaction of $986,960.00. Following the completion of the sale, the executive vice president now owns 41,023 shares of the company’s stock, valued at $6,228,932.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,782 shares of company stock worth $10,396,284. Insiders own 1.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of BFAM. Huntington National Bank acquired a new stake in shares of Bright Horizons Family Solutions in the second quarter valued at about $33,000. Quadrant Capital Group LLC acquired a new stake in shares of Bright Horizons Family Solutions in the first quarter valued at about $47,000. Manchester Capital Management LLC acquired a new stake in shares of Bright Horizons Family Solutions in the first quarter valued at about $47,000. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in shares of Bright Horizons Family Solutions in the second quarter valued at about $75,000. Finally, Ellis Investment Partners LLC acquired a new stake in shares of Bright Horizons Family Solutions in the first quarter valued at about $86,000. Institutional investors and hedge funds own 97.68% of the company’s stock.

Bright Horizons Family Solutions Company Profile (NYSE:BFAM)

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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