Natixis Advisors LLC Has $828,000 Holdings in Frontdoor Inc. (NASDAQ:FTDR)

Natixis Advisors LLC boosted its stake in shares of Frontdoor Inc. (NASDAQ:FTDR) by 15.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,549 shares of the company’s stock after purchasing an additional 2,884 shares during the quarter. Natixis Advisors LLC’s holdings in Frontdoor were worth $828,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Vestcor Inc acquired a new position in shares of Frontdoor in the 1st quarter valued at $204,000. Fiera Capital Corp acquired a new stake in shares of Frontdoor during the 1st quarter worth about $28,024,000. Mackenzie Financial Corp increased its position in shares of Frontdoor by 9.6% during the 1st quarter. Mackenzie Financial Corp now owns 14,699 shares of the company’s stock worth $565,000 after purchasing an additional 1,288 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Frontdoor by 17.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,703 shares of the company’s stock worth $1,064,000 after purchasing an additional 4,038 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Frontdoor by 35,774.4% during the 1st quarter. Assetmark Inc. now owns 29,417 shares of the company’s stock worth $1,130,000 after purchasing an additional 29,335 shares in the last quarter.

Frontdoor Stock Performance

Shares of NASDAQ:FTDR opened at $54.88 on Monday. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 16.19 and a beta of 1.32. The firm’s 50 day simple moving average is $57.87 and its 200 day simple moving average is $51.38. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.49 and a quick ratio of 1.49. Frontdoor Inc. has a fifty-two week low of $35.61 and a fifty-two week high of $64.91.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.19. The business had revenue of $617.00 million for the quarter, compared to the consensus estimate of $602.62 million. Frontdoor had a net margin of 13.07% and a return on equity of 125.21%. Frontdoor’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the company posted $1.27 EPS. As a group, sell-side analysts forecast that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FTDR. JPMorgan Chase & Co. increased their target price on shares of Frontdoor from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 3rd. Truist Financial increased their price objective on shares of Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. The Goldman Sachs Group raised their target price on shares of Frontdoor from $44.00 to $50.00 and gave the company a “sell” rating in a research note on Wednesday, August 6th. Finally, Oppenheimer raised their target price on shares of Frontdoor from $56.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th.

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.