Frontdoor Inc. $FTDR Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System lifted its stake in shares of Frontdoor Inc. (NASDAQ:FTDR) by 5.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 153,941 shares of the company’s stock after buying an additional 7,267 shares during the quarter. California Public Employees Retirement System owned about 0.22% of Frontdoor worth $8,137,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Gallacher Capital Management LLC acquired a new stake in Frontdoor during the 1st quarter worth $482,000. Bessemer Group Inc. boosted its stake in Frontdoor by 38.2% in the first quarter. Bessemer Group Inc. now owns 110,559 shares of the company’s stock valued at $5,844,000 after acquiring an additional 30,576 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Frontdoor by 48.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,915 shares of the company’s stock worth $704,000 after purchasing an additional 4,211 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Frontdoor by 10.9% during the first quarter. Sanctuary Advisors LLC now owns 3,980 shares of the company’s stock worth $210,000 after purchasing an additional 391 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its position in shares of Frontdoor by 3.8% during the first quarter. Hillsdale Investment Management Inc. now owns 160,340 shares of the company’s stock worth $8,476,000 after purchasing an additional 5,800 shares in the last quarter.

Frontdoor Stock Up 1.4%

FTDR stock opened at $71.49 on Friday. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 20.48 and a beta of 1.46. The company has a fifty day moving average price of $69.85 and a 200 day moving average price of $63.47. The company has a debt-to-equity ratio of 4.95, a current ratio of 1.47 and a quick ratio of 1.47. Frontdoor Inc. has a 12 month low of $48.47 and a 12 month high of $80.73.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. The company had revenue of $451.00 million for the quarter, compared to the consensus estimate of $442.28 million. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. Frontdoor’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the firm posted $0.64 EPS. Sell-side analysts expect that Frontdoor Inc. will post 4.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FTDR shares. Weiss Ratings downgraded Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. Truist Financial set a $82.00 price target on Frontdoor in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Frontdoor presently has an average rating of “Moderate Buy” and an average price target of $74.75.

Frontdoor Company Profile

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.