Creative Planning Increases Holdings in Frontdoor Inc. $FTDR

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC grew its stake in shares of Frontdoor by 91.2% during the first quarter. CWM LLC now owns 2,574 shares of the company’s stock valued at $99,000 after acquiring an additional 1,228 shares in the last quarter. IFP Advisors Inc grew its position 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 acquiring an additional 2,423 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Frontdoor in the 1st quarter valued at approximately $879,000. Cetera Investment Advisers raised its position in shares of Frontdoor by 47.6% during the 1st quarter. Cetera Investment Advisers now owns 8,184 shares of the company’s stock valued at $314,000 after acquiring an additional 2,638 shares in the last quarter. Finally, Assetmark Inc. raised 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 valued at $1,130,000 after acquiring an additional 29,335 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Frontdoor in a report on Wednesday, November 19th. Wall Street Zen lowered shares of Frontdoor from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Research cut shares of Frontdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Oppenheimer upped their target price on Frontdoor from $56.00 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Finally, Truist Financial increased their price target on Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $59.75.

Frontdoor Trading Up 2.7%

Frontdoor stock 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 debt-to-equity ratio of 3.64, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market capitalization of $3.89 billion, a PE ratio of 15.37 and a beta of 1.35. The firm has a 50 day simple moving average of $62.11 and a 200-day simple moving average of $59.70.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Wednesday, November 5th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. The firm had revenue of $618.00 million for the quarter, compared to analyst estimates of $610.77 million. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.Frontdoor’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.38 earnings per share. Frontdoor has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts expect 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.