Frontdoor, Inc. (NASDAQ:FTDR) Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC grew its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 363.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,044 shares of the company’s stock after purchasing an additional 172,577 shares during the quarter. Lazard Asset Management LLC owned approximately 0.29% of Frontdoor worth $12,028,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FTDR. Wasatch Advisors LP purchased a new position in shares of Frontdoor in the fourth quarter worth about $56,507,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Frontdoor by 621.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 881,083 shares of the company’s stock worth $48,169,000 after buying an additional 758,947 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Frontdoor in the fourth quarter worth about $17,465,000. Norges Bank purchased a new position in shares of Frontdoor in the fourth quarter worth about $14,358,000. Finally, Janus Henderson Group PLC lifted its stake in shares of Frontdoor by 275.6% in the fourth quarter. Janus Henderson Group PLC now owns 340,094 shares of the company’s stock worth $18,605,000 after buying an additional 249,552 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Frontdoor from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $58.00 to $40.00 in a research note on Tuesday, April 22nd. The Goldman Sachs Group decreased their price target on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Monday, March 3rd. Finally, Truist Financial raised their price target on shares of Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 14th.

Frontdoor Price Performance

Shares of FTDR stock opened at $54.27 on Wednesday. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The firm’s 50-day moving average is $41.41 and its two-hundred day moving average is $51.05. Frontdoor, Inc. has a 12 month low of $32.95 and a 12 month high of $63.49. The company has a market capitalization of $3.99 billion, a PE ratio of 17.97 and a beta of 1.21.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Thursday, May 1st. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.27. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The company had revenue of $426.00 million for the quarter, compared to the consensus estimate of $416.37 million. During the same period in the previous year, the firm earned $0.44 earnings per share. Frontdoor’s quarterly revenue was up 12.7% compared to the same quarter last year. Analysts predict that Frontdoor, Inc. will post 3.07 earnings per share for the current year.

Frontdoor Company 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.