Thrivent Financial for Lutherans Has $2.30 Million Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Thrivent Financial for Lutherans trimmed its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,160 shares of the company’s stock after selling 914 shares during the period. Thrivent Financial for Lutherans owned 0.09% of Frontdoor worth $2,303,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Frontdoor by 90.7% during the 2nd quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after purchasing an additional 418 shares during the last quarter. Covestor Ltd increased its position in Frontdoor by 288.6% during the first quarter. Covestor Ltd now owns 1,154 shares of the company’s stock worth $38,000 after buying an additional 857 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in Frontdoor in the fourth quarter valued at approximately $71,000. nVerses Capital LLC acquired a new stake in shares of Frontdoor in the second quarter valued at approximately $128,000. Finally, Gladius Capital Management LP bought a new position in shares of Frontdoor during the 2nd quarter worth approximately $143,000.

Frontdoor Stock Down 1.3 %

FTDR opened at $47.99 on Tuesday. The stock has a fifty day moving average of $45.92 and a 200-day moving average of $38.04. The company has a market capitalization of $3.73 billion, a P/E ratio of 21.05 and a beta of 1.04. Frontdoor, Inc. has a fifty-two week low of $28.25 and a fifty-two week high of $49.43. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.27 and a current ratio of 1.27.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.27. The business had revenue of $542.00 million during the quarter, compared to analysts’ expectations of $536.74 million. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.87 EPS. On average, equities analysts expect that Frontdoor, Inc. will post 2.79 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FTDR. Truist Financial increased their price target on Frontdoor from $45.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on shares of Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, August 12th. William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group increased their price target on shares of Frontdoor from $33.00 to $41.00 and gave the company a “sell” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $47.75.

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.