Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System reduced its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,100 shares of the company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System owned 0.05% of Frontdoor worth $1,321,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Handelsbanken Fonder AB boosted its stake in Frontdoor by 6.1% during the fourth quarter. Handelsbanken Fonder AB now owns 13,900 shares of the company’s stock valued at $490,000 after buying an additional 800 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Frontdoor by 7.8% in the 4th quarter. California Public Employees Retirement System now owns 173,132 shares of the company’s stock valued at $6,098,000 after acquiring an additional 12,569 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of Frontdoor by 2.0% during the 4th quarter. Yousif Capital Management LLC now owns 40,720 shares of the company’s stock valued at $1,434,000 after purchasing an additional 812 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Frontdoor in the 4th quarter worth approximately $145,000. Finally, Convergence Investment Partners LLC acquired a new position in shares of Frontdoor in the 4th quarter worth approximately $210,000.

Frontdoor Price Performance

Shares of FTDR opened at $48.49 on Tuesday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.14. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 21.27 and a beta of 0.99. The business’s 50-day moving average is $39.43 and its 200-day moving average is $35.23. Frontdoor, Inc. has a fifty-two week low of $28.25 and a fifty-two week high of $49.21.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Thursday, August 1st. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.27. The company had revenue of $542.00 million during the quarter, compared to the consensus estimate of $536.74 million. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 EPS. Equities research analysts expect that Frontdoor, Inc. will post 2.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on FTDR shares. JPMorgan Chase & Co. increased their target price on shares of Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. William Blair upgraded Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. The Goldman Sachs Group raised their price objective on Frontdoor from $33.00 to $41.00 and gave the stock a “sell” rating in a research note on Friday, August 2nd. Wells Fargo & Company boosted their target price on Frontdoor from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, May 6th. Finally, Truist Financial increased their price target on Frontdoor from $45.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Frontdoor has an average rating of “Hold” and a consensus price target of $47.75.

Frontdoor Company 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.