Bright Horizons Family Solutions (NYSE:BFAM) Reaches New 12-Month Low – Here’s Why

Bright Horizons Family Solutions Inc. (NYSE:BFAM) shares reached a new 52-week low during trading on Monday . The stock traded as low as $85.63 and last traded at $84.68, with a volume of 8941 shares. The stock had previously closed at $88.72.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Robert W. Baird set a $136.00 price target on Bright Horizons Family Solutions in a research report on Friday, October 31st. UBS Group dropped their price objective on Bright Horizons Family Solutions from $120.00 to $107.00 and set a “neutral” rating for the company in a research note on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of Bright Horizons Family Solutions in a report on Monday, December 29th. Zacks Research lowered shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Finally, Morgan Stanley dropped their price target on shares of Bright Horizons Family Solutions from $99.00 to $93.00 and set an “underweight” rating for the company in a research report on Wednesday, December 17th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions currently has a consensus rating of “Hold” and an average price target of $126.43.

Bright Horizons Family Solutions Stock Down 2.4%

The company has a debt-to-equity ratio of 0.52, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market capitalization of $4.75 billion, a PE ratio of 24.14, a PEG ratio of 1.05 and a beta of 1.40. The company has a 50 day moving average price of $98.42 and a 200-day moving average price of $104.97.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership increased its stake in shares of Bright Horizons Family Solutions by 10.4% during the second quarter. Artisan Partners Limited Partnership now owns 1,797,368 shares of the company’s stock valued at $222,137,000 after purchasing an additional 168,891 shares in the last quarter. Capital World Investors grew its stake in shares of Bright Horizons Family Solutions by 10.4% in the 3rd quarter. Capital World Investors now owns 1,521,925 shares of the company’s stock worth $165,235,000 after buying an additional 143,861 shares during the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of Bright Horizons Family Solutions by 25.0% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,100,803 shares of the company’s stock worth $111,621,000 after buying an additional 220,223 shares during the last quarter. State Street Corp increased its position in Bright Horizons Family Solutions by 1.5% during the 2nd quarter. State Street Corp now owns 1,014,845 shares of the company’s stock valued at $125,425,000 after buying an additional 15,296 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Bright Horizons Family Solutions by 5.9% during the third quarter. Dimensional Fund Advisors LP now owns 987,547 shares of the company’s stock valued at $107,218,000 after buying an additional 55,028 shares during the last quarter.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.