Arizona State Retirement System Sells 463 Shares of Frontdoor Inc. (NASDAQ:FTDR)

Arizona State Retirement System reduced its position in Frontdoor Inc. (NASDAQ:FTDR) by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,735 shares of the company’s stock after selling 463 shares during the quarter. Arizona State Retirement System’s holdings in Frontdoor were worth $835,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Xponance Inc. lifted its position in Frontdoor by 5.0% in the first quarter. Xponance Inc. now owns 5,971 shares of the company’s stock worth $229,000 after purchasing an additional 285 shares during the period. Alps Advisors Inc. raised its stake in Frontdoor by 28.4% during the first quarter. Alps Advisors Inc. now owns 9,487 shares of the company’s stock worth $364,000 after acquiring an additional 2,099 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in Frontdoor by 2.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 13,172 shares of the company’s stock worth $492,000 after acquiring an additional 368 shares in the last quarter. Values First Advisors Inc. raised its stake in Frontdoor by 22.1% during the first quarter. Values First Advisors Inc. now owns 6,645 shares of the company’s stock worth $255,000 after acquiring an additional 1,201 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its stake in Frontdoor by 96.4% during the first quarter. TD Private Client Wealth LLC now owns 3,136 shares of the company’s stock worth $120,000 after acquiring an additional 1,539 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their price objective on Frontdoor from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 3rd.

Frontdoor Stock Performance

Frontdoor stock opened at $57.78 on Monday. The company has a debt-to-equity ratio of 5.88, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a fifty day moving average price of $56.86 and a two-hundred day moving average price of $51.27. Frontdoor Inc. has a 52-week low of $35.61 and a 52-week high of $63.49. The firm has a market capitalization of $4.25 billion, a P/E ratio of 18.70 and a beta of 1.28.

Frontdoor (NASDAQ:FTDR) last announced its 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. Frontdoor had a return on equity of 121.05% and a net margin of 12.59%. The company had revenue of $426.00 million during the quarter, compared to analyst estimates of $416.37 million. During the same period last year, the company posted $0.44 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, analysts anticipate that Frontdoor Inc. will post 3.07 EPS for the current fiscal 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.