Bright Horizons Family Solutions (BFAM) Reaches New 1-Year High at $127.24

Bright Horizons Family Solutions Inc (NYSE:BFAM) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $127.24 and last traded at $126.71, with a volume of 3951 shares. The stock had previously closed at $125.86.

BFAM has been the subject of a number of recent research reports. Citigroup increased their price objective on Bright Horizons Family Solutions from $117.00 to $126.00 and gave the company a “neutral” rating in a report on Friday, March 1st. ValuEngine upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Zacks Investment Research downgraded Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, January 1st. BMO Capital Markets increased their price objective on Bright Horizons Family Solutions from $120.00 to $122.00 and gave the company a “market perform” rating in a report on Wednesday, February 13th. Finally, Bank of America restated a “neutral” rating and issued a $123.00 price objective (up from $115.00) on shares of Bright Horizons Family Solutions in a report on Wednesday, February 13th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Bright Horizons Family Solutions has an average rating of “Hold” and an average target price of $119.44.

The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 41.79, a price-to-earnings-growth ratio of 3.55 and a beta of 0.34. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.33.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Tuesday, February 12th. The company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.11. The business had revenue of $478.00 million during the quarter, compared to the consensus estimate of $481.48 million. Bright Horizons Family Solutions had a return on equity of 23.49% and a net margin of 8.30%. Bright Horizons Family Solutions’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share. Equities research analysts forecast that Bright Horizons Family Solutions Inc will post 3.35 EPS for the current fiscal year.

In other Bright Horizons Family Solutions news, CEO Stephen Howard Kramer sold 4,000 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $123.13, for a total transaction of $492,520.00. Following the sale, the chief executive officer now owns 90,949 shares of the company’s stock, valued at $11,198,550.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David H. Lissy sold 37,673 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $124.68, for a total transaction of $4,697,069.64. Following the transaction, the chairman now directly owns 325,995 shares in the company, valued at approximately $40,645,056.60. The disclosure for this sale can be found here. Insiders have sold 67,225 shares of company stock worth $8,250,394 in the last ninety days. Insiders own 2.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. boosted its position in shares of Bright Horizons Family Solutions by 312.1% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 272 shares of the company’s stock worth $30,000 after purchasing an additional 206 shares in the last quarter. Enlightenment Research LLC bought a new position in shares of Bright Horizons Family Solutions during the 4th quarter worth about $67,000. NumerixS Investment Technologies Inc boosted its position in shares of Bright Horizons Family Solutions by 133.7% during the 4th quarter. NumerixS Investment Technologies Inc now owns 701 shares of the company’s stock worth $78,000 after purchasing an additional 401 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Bright Horizons Family Solutions during the 4th quarter worth about $114,000. Finally, Ffcm LLC boosted its position in shares of Bright Horizons Family Solutions by 186.5% during the 4th quarter. Ffcm LLC now owns 1,166 shares of the company’s stock worth $130,000 after purchasing an additional 759 shares in the last quarter. 96.84% of the stock is currently owned by institutional investors.

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About Bright Horizons Family Solutions (NYSE:BFAM)

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

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