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 dropped by equities research analysts at The Goldman Sachs Group from $162.00 to $142.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 28.47% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Morgan Stanley cut their price objective on Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating for the company in a research report on Thursday, December 12th. Barclays boosted their target price on 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. BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and cut their price target for the company from $137.00 to $125.00 in a report on Monday, November 18th. Finally, StockNews.com downgraded Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.25.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock opened at $110.53 on Friday. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 55.54 and a beta of 1.43. Bright Horizons Family Solutions has a 52 week low of $91.61 and a 52 week high of $141.90. The stock has a fifty day moving average of $116.26 and a 200 day moving average of $122.89. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66.

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

Insider Transactions at Bright Horizons Family Solutions

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

Institutional Inflows and Outflows

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