DekaBank Deutsche Girozentrale Acquires 5,331 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

DekaBank Deutsche Girozentrale boosted its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 39.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,706 shares of the company’s stock after acquiring an additional 5,331 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Frontdoor were worth $653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in FTDR. Raymond James & Associates raised its stake in Frontdoor by 25.1% in the 1st quarter. Raymond James & Associates now owns 9,646 shares of the company’s stock valued at $288,000 after acquiring an additional 1,933 shares during the period. US Bancorp DE grew its holdings in Frontdoor by 11.0% in the 1st quarter. US Bancorp DE now owns 20,310 shares of the company’s stock valued at $606,000 after buying an additional 2,017 shares in the last quarter. Citigroup Inc. grew its holdings in Frontdoor by 42.5% in the 1st quarter. Citigroup Inc. now owns 13,991 shares of the company’s stock valued at $418,000 after buying an additional 4,172 shares in the last quarter. MetLife Investment Management LLC acquired a new position in Frontdoor in the 1st quarter valued at $128,000. Finally, BlackRock Inc. grew its holdings in Frontdoor by 7.1% in the 1st quarter. BlackRock Inc. now owns 3,755,323 shares of the company’s stock valued at $112,096,000 after buying an additional 249,371 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company decreased their price objective on Frontdoor from $40.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Frontdoor has a consensus rating of “Hold” and a consensus target price of $39.40.

Frontdoor Stock Performance

Frontdoor stock opened at $30.21 on Tuesday. Frontdoor, Inc. has a 12-month low of $26.09 and a 12-month high of $38.97. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 4.24. The business’s 50-day moving average price is $31.74 and its two-hundred day moving average price is $32.72. The stock has a market cap of $2.36 billion, a PE ratio of 14.25 and a beta of 0.89.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.18. Frontdoor had a return on equity of 142.80% and a net margin of 9.66%. The company had revenue of $366.00 million for the quarter, compared to analyst estimates of $360.47 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, analysts expect that Frontdoor, Inc. will post 2.35 earnings per share for the current fiscal year.

Frontdoor Profile

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company's home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.