The Goldman Sachs Group Has Lowered Expectations for Bright Horizons Family Solutions (NYSE:BFAM) Stock Price

Bright Horizons Family Solutions (NYSE:BFAM) had its target price trimmed by The Goldman Sachs Group from $162.00 to $142.00 in a report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

BFAM has been the topic of a number of other reports. StockNews.com downgraded Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $137.00 to $125.00 in a research report on Monday, November 18th. UBS Group lifted their price target on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Barclays boosted their target price on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Finally, Robert W. Baird raised Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target for the company in a research report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $138.25.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock opened at $110.53 on Friday. The stock’s 50 day moving average is $116.68 and its 200 day moving average is $122.87. Bright Horizons Family Solutions has a one year low of $91.61 and a one year high of $141.90. The firm has a market cap of $6.43 billion, a P/E ratio of 55.54 and a beta of 1.43. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The firm had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. During the same period last year, the business posted $0.78 EPS. The business’s revenue was up 11.3% compared to the same quarter last year. As a group, research analysts expect that Bright Horizons Family Solutions will post 3.01 EPS for the current year.

Insider Transactions at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the transaction, the director now directly owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the sale, the chief operating officer now directly owns 31,025 shares in the company, valued at $4,248,563.50. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.22% of the company’s stock.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. OLD National Bancorp IN lifted its stake in shares of Bright Horizons Family Solutions by 2.7% in the 3rd quarter. OLD National Bancorp IN now owns 3,159 shares of the company’s stock valued at $443,000 after purchasing an additional 82 shares during the period. EverSource Wealth Advisors LLC lifted its position in Bright Horizons Family Solutions by 6.0% during the second quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company’s stock valued at $252,000 after buying an additional 119 shares during the period. Avior Wealth Management LLC lifted its position in Bright Horizons Family Solutions by 2.9% during the third quarter. Avior Wealth Management LLC now owns 4,674 shares of the company’s stock valued at $655,000 after buying an additional 133 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 37.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock valued at $75,000 after buying an additional 145 shares in the last quarter. Finally, Quarry LP grew its position in shares of Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after buying an additional 177 shares during the period.

About Bright Horizons Family Solutions

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.