Yousif Capital Management LLC Decreases Stake in Frontdoor Inc. (NASDAQ:FTDR)

Yousif Capital Management LLC lowered its position in Frontdoor Inc. (NASDAQ:FTDR) by 2.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,062 shares of the company’s stock after selling 818 shares during the quarter. Yousif Capital Management LLC’s holdings in Frontdoor were worth $1,078,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wasatch Advisors LP acquired a new stake in Frontdoor during the 4th quarter worth approximately $56,507,000. Price T Rowe Associates Inc. MD grew its stake in Frontdoor by 621.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 881,083 shares of the company’s stock worth $48,169,000 after buying an additional 758,947 shares during the last quarter. Reinhart Partners LLC. grew its stake in 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 during the last quarter. Raymond James Financial Inc. purchased a new position in Frontdoor during the 4th quarter worth approximately $17,465,000. Finally, Norges Bank purchased a new position in Frontdoor during the 4th quarter worth approximately $14,358,000.

Wall Street Analysts Forecast Growth

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

Frontdoor Trading Up 1.4%

NASDAQ:FTDR opened at $57.56 on Thursday. 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 Inc. has a one year low of $32.95 and a one year high of $63.49. The business’s 50-day simple moving average is $50.47 and its 200 day simple moving average is $51.13. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 18.63 and a beta of 1.27.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.27. The business had revenue of $426.00 million during the quarter, compared to the consensus estimate of $416.37 million. Frontdoor had a return on equity of 121.05% and a net margin of 12.59%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. As a group, sell-side 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.