Thrivent Financial for Lutherans Grows Position in Frontdoor Inc. $FTDR

Thrivent Financial for Lutherans grew its stake in Frontdoor Inc. (NASDAQ:FTDR) by 24.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,471 shares of the company’s stock after buying an additional 14,403 shares during the period. Thrivent Financial for Lutherans owned 0.10% of Frontdoor worth $4,330,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FTDR. Broad Bay Capital Management LP purchased a new position in Frontdoor in the 2nd quarter worth $46,886,000. Eventide Asset Management LLC acquired a new position in shares of Frontdoor in the second quarter valued at about $28,506,000. Cubist Systematic Strategies LLC raised its stake in shares of Frontdoor by 309.6% in the second quarter. Cubist Systematic Strategies LLC now owns 431,446 shares of the company’s stock worth $25,429,000 after purchasing an additional 326,112 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Frontdoor by 533.0% during the first quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock worth $11,814,000 after purchasing an additional 258,920 shares during the period. Finally, New Vernon Capital Holdings II LLC boosted its position in Frontdoor by 3,742.0% in the first quarter. New Vernon Capital Holdings II LLC now owns 245,350 shares of the company’s stock valued at $9,426,000 after buying an additional 238,964 shares during the last quarter.

Frontdoor Trading Up 0.1%

Frontdoor stock opened at $56.79 on Friday. The firm has a market cap of $4.10 billion, a PE ratio of 16.18 and a beta of 1.32. Frontdoor Inc. has a 12 month low of $35.61 and a 12 month high of $70.14. The stock’s 50 day simple moving average is $57.57 and its two-hundred day simple moving average is $59.60. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 3.64.

Frontdoor (NASDAQ:FTDR) last posted its earnings results on Wednesday, November 5th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.09. The firm had revenue of $618.00 million during 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 business’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.38 EPS. Analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Frontdoor in a research report on Monday, December 15th. Zacks Research lowered shares of Frontdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Wall Street Zen cut shares of Frontdoor from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Two 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $59.75.

About Frontdoor

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.