Bright Horizons Family Solutions Inc (NYSE:BFAM) Director Linda A. Mason sold 22,045 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $123.80, for a total transaction of $2,729,171.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
BFAM stock traded down $2.58 during midday trading on Tuesday, hitting $121.17. The stock had a trading volume of 153,900 shares, compared to its average volume of 245,090. The stock has a market capitalization of $7.07 billion, a P/E ratio of 47.74, a PEG ratio of 3.41 and a beta of 0.23. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.39 and a current ratio of 0.39. Bright Horizons Family Solutions Inc has a 12-month low of $89.22 and a 12-month high of $123.93.
Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, November 1st. The company reported $0.73 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. The firm had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $471.85 million. Bright Horizons Family Solutions had a net margin of 8.73% and a return on equity of 22.55%. Bright Horizons Family Solutions’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 EPS. Research analysts forecast that Bright Horizons Family Solutions Inc will post 2.97 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on BFAM shares. BMO Capital Markets raised their price objective on shares of Bright Horizons Family Solutions from $114.00 to $118.00 and gave the stock a “market perform” rating in a research note on Monday, August 6th. Zacks Investment Research cut shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Bank of America started coverage on shares of Bright Horizons Family Solutions in a research note on Tuesday, October 23rd. They set a “neutral” rating and a $118.00 price objective for the company. Barclays raised their price objective on shares of Bright Horizons Family Solutions from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Bright Horizons Family Solutions from $121.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Bright Horizons Family Solutions has an average rating of “Hold” and a consensus target price of $113.36.
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About Bright Horizons Family Solutions
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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