By otakuyassine3@gmail.com 
Bright Horizons Family Solutions Inc. (NYSE:BFAM – Get Free Report) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 643,300 shares, a decline of 10.5% from the November 15th total of 718,800 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 542,600 shares, the days-to-cover ratio is presently 1.2 days.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. Baird R W upgraded Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Morgan Stanley dropped their target price 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 price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 30th. BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $137.00 to $125.00 in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. boosted their price target on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $140.75.
Check Out Our Latest Report on BFAM
Insider Transactions at Bright Horizons Family Solutions
In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the sale, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at $4,248,563.50. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mary Ann Tocio sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total value of $573,550.00. Following the sale, the director now directly owns 25,257 shares in the company, valued at $2,897,230.47. The trade was a 16.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.22% of the company’s stock.
Hedge Funds Weigh In On Bright Horizons Family Solutions
A number of large investors have recently bought and sold shares of the business. Raleigh Capital Management Inc. acquired a new position in shares of Bright Horizons Family Solutions during the third quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new position in shares of Bright Horizons Family Solutions during the third quarter valued at approximately $35,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Bright Horizons Family Solutions by 850.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after acquiring an additional 306 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Bright Horizons Family Solutions by 73.3% during the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after acquiring an additional 165 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of Bright Horizons Family Solutions by 68.3% during the second quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after acquiring an additional 177 shares during the last quarter.
Bright Horizons Family Solutions Stock Performance
Shares of BFAM stock traded down $0.25 on Tuesday, hitting $108.14. The company had a trading volume of 922,734 shares, compared to its average volume of 408,403. The firm has a market cap of $6.29 billion, a P/E ratio of 54.54 and a beta of 1.43. The company has a 50-day moving average price of $120.73 and a 200-day moving average price of $123.06. 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 has a twelve month low of $90.56 and a twelve month high of $141.90.
Bright Horizons Family Solutions (NYSE:BFAM – Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.05. The business had revenue of $719.00 million during the quarter, compared to analysts’ expectations of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 EPS. As a group, equities research analysts predict that Bright Horizons Family Solutions will post 3.01 earnings per share for the current fiscal year.
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.
See Also
Receive News & Ratings for Bright Horizons Family Solutions Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Bright Horizons Family Solutions and related companies with MarketBeat.com’s FREE daily email newsletter.