Farther Finance Advisors LLC Has $338,000 Stake in Frontdoor Inc. (NASDAQ:FTDR)

Farther Finance Advisors LLC grew its position in Frontdoor Inc. (NASDAQ:FTDR) by 6.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,610 shares of the company’s stock after purchasing an additional 554 shares during the quarter. Farther Finance Advisors LLC’s holdings in Frontdoor were worth $338,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Fenimore Asset Management Inc grew its stake in Frontdoor by 0.7% during the first quarter. Fenimore Asset Management Inc now owns 338,244 shares of the company’s stock worth $12,995,000 after purchasing an additional 2,282 shares during the period. Reinhart Partners LLC. boosted its holdings in shares of Frontdoor by 16.2% during the 1st quarter. Reinhart Partners LLC. now owns 2,368,684 shares of the company’s stock worth $91,005,000 after buying an additional 331,066 shares in the last quarter. Rhumbline Advisers grew its position in shares of Frontdoor by 0.5% during the 1st quarter. Rhumbline Advisers now owns 210,446 shares of the company’s stock worth $8,085,000 after buying an additional 966 shares during the period. GAMMA Investing LLC increased its stake in shares of Frontdoor by 4,376.9% in the 1st quarter. GAMMA Investing LLC now owns 94,014 shares of the company’s stock valued at $3,612,000 after acquiring an additional 91,914 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Frontdoor in the 4th quarter valued at $1,079,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FTDR shares. JPMorgan Chase & Co. upped their price objective on shares of Frontdoor from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, June 3rd. The Goldman Sachs Group dropped their price target on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Monday, March 3rd.

Frontdoor Price Performance

Shares of NASDAQ FTDR opened at $56.74 on Wednesday. The stock has a fifty day moving average of $50.11 and a 200-day moving average of $51.09. Frontdoor Inc. has a fifty-two week low of $32.95 and a fifty-two week high of $63.49. The stock has a market cap of $4.18 billion, a PE ratio of 18.36 and a beta of 1.27. The company has a debt-to-equity ratio of 5.88, a quick ratio of 1.34 and a current ratio of 1.34.

Frontdoor (NASDAQ:FTDR) last issued its quarterly 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. The business had revenue of $426.00 million for the quarter, compared to analysts’ expectations of $416.37 million. Frontdoor had a net margin of 12.59% and a return on equity of 121.05%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the business earned $0.44 earnings per share. Equities research analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share for the current year.

About Frontdoor

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.