Creative Planning Buys 12,457 Shares of Frontdoor Inc. $FTDR

Creative Planning boosted its position in shares of Frontdoor Inc. (NASDAQ:FTDR) by 53.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 35,806 shares of the company’s stock after purchasing an additional 12,457 shares during the quarter. Creative Planning’s holdings in Frontdoor were worth $2,110,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. grew its holdings in shares of Frontdoor by 322.1% during the second quarter. Bessemer Group Inc. now owns 515 shares of the company’s stock valued at $30,000 after buying an additional 393 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Frontdoor in the 1st quarter valued at approximately $42,000. Huntington National Bank boosted its stake in Frontdoor by 56.0% during the 2nd quarter. Huntington National Bank now owns 1,482 shares of the company’s stock valued at $87,000 after purchasing an additional 532 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Frontdoor by 80,766.7% in the 1st quarter. IFP Advisors Inc now owns 2,426 shares of the company’s stock worth $93,000 after purchasing an additional 2,423 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Frontdoor by 91.2% in the first quarter. CWM LLC now owns 2,574 shares of the company’s stock worth $99,000 after purchasing an additional 1,228 shares during the last quarter.

Frontdoor Stock Performance

FTDR opened at $53.94 on Wednesday. Frontdoor Inc. has a 12-month low of $35.61 and a 12-month high of $70.14. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 15.37 and a beta of 1.35. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 3.64. The company’s 50 day moving average is $62.11 and its 200 day moving average is $59.70.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.09. The business had revenue of $618.00 million for the quarter, compared to analysts’ expectations of $610.77 million. Frontdoor had a net margin of 12.87% and a return on equity of 122.74%. The company’s revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.38 EPS. Frontdoor has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts predict that Frontdoor Inc. will post 3.07 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on FTDR. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Frontdoor in a research report on Wednesday, November 19th. Truist Financial raised their price target on shares of Frontdoor from $67.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Zacks Research cut shares of Frontdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Oppenheimer increased their price objective on shares of Frontdoor from $56.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Finally, The Goldman Sachs Group lifted their target price on shares of Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a research report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $59.75.

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.