US Bancorp DE Raises Stake in Frontdoor, Inc. (NASDAQ:FTDR)

US Bancorp DE boosted its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 1,751.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,831 shares of the company’s stock after purchasing an additional 6,462 shares during the quarter. US Bancorp DE’s holdings in Frontdoor were worth $328,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new stake in Frontdoor in the third quarter valued at approximately $27,000. GAMMA Investing LLC grew its holdings in Frontdoor by 90.7% in the second quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock valued at $30,000 after purchasing an additional 418 shares during the period. V Square Quantitative Management LLC purchased a new stake in Frontdoor in the third quarter valued at approximately $31,000. Isthmus Partners LLC grew its holdings in Frontdoor by 0.5% in the second quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock valued at $37,000 after purchasing an additional 603 shares during the period. Finally, Quarry LP grew its holdings in Frontdoor by 468.1% in the second quarter. Quarry LP now owns 1,085 shares of the company’s stock valued at $37,000 after purchasing an additional 894 shares during the period.

Frontdoor Trading Down 1.7 %

NASDAQ FTDR opened at $56.78 on Wednesday. The company’s fifty day simple moving average is $49.99 and its 200-day simple moving average is $42.43. Frontdoor, Inc. has a 52 week low of $29.41 and a 52 week high of $58.86. The company has a current ratio of 1.42, a quick ratio of 1.27 and a debt-to-equity ratio of 2.16. The stock has a market cap of $4.31 billion, a P/E ratio of 18.80 and a beta of 1.03.

Frontdoor (NASDAQ:FTDR) last posted its earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.33. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $541.88 million. During the same period in the previous year, the company posted $0.94 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts predict that Frontdoor, Inc. will post 3.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. William Blair raised shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price target on shares of Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. Truist Financial lifted their price target on shares of Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group lifted their price target on shares of Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $49.50.

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.