Rhumbline Advisers Increases Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Rhumbline Advisers lifted its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 210,446 shares of the company’s stock after acquiring an additional 966 shares during the period. Rhumbline Advisers owned 0.28% of Frontdoor worth $8,085,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FTDR. Bessemer Group Inc. grew its position in shares of Frontdoor by 514.7% during the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company’s stock worth $34,000 after acquiring an additional 525 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Frontdoor by 12.9% during the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company’s stock worth $87,000 after purchasing an additional 183 shares during the period. Blue Trust Inc. lifted its holdings in shares of Frontdoor by 315.3% during the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock worth $89,000 after purchasing an additional 1,239 shares during the period. Nkcfo LLC acquired a new stake in shares of Frontdoor during the fourth quarter worth $96,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Frontdoor by 360.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,484 shares of the company’s stock worth $136,000 after purchasing an additional 1,945 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Truist Financial increased their price target on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, February 14th. JPMorgan Chase & Co. increased their price target on Frontdoor from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, June 3rd. Finally, The Goldman Sachs Group reduced their target price on Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a report on Monday, March 3rd.

Frontdoor Price Performance

Frontdoor stock opened at $56.73 on Wednesday. Frontdoor, Inc. has a one year low of $32.95 and a one year high of $63.49. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The business has a fifty day moving average of $48.25 and a two-hundred day moving average of $51.15. The company has a market cap of $4.17 billion, a P/E ratio of 18.78 and a beta of 1.27.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Thursday, May 1st. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.27. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The company had revenue of $426.00 million during the quarter, compared to the consensus estimate of $416.37 million. During the same quarter last year, the company earned $0.44 earnings per share. Frontdoor’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, analysts predict that Frontdoor, Inc. will post 3.07 earnings per share for the current fiscal year.

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.