Jefferies Financial Group Inc. Takes Position in Frontdoor, Inc. (NASDAQ:FTDR)

Jefferies Financial Group Inc. acquired a new stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 19,733 shares of the company’s stock, valued at approximately $1,079,000.

A number of other hedge funds have also recently made changes to their positions in FTDR. Bessemer Group Inc. grew its holdings in shares of Frontdoor by 514.7% during the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company’s stock valued at $34,000 after buying an additional 525 shares during the last quarter. USA Financial Formulas acquired a new position in shares of Frontdoor during the fourth quarter valued at about $60,000. TD Private Client Wealth LLC lifted its position in shares of Frontdoor by 12.9% during the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company’s stock valued at $87,000 after purchasing an additional 183 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Frontdoor by 315.3% during the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock valued at $89,000 after purchasing an additional 1,239 shares in the last quarter. Finally, Nkcfo LLC bought a new position in shares of Frontdoor during the fourth quarter valued at about $96,000.

Analysts Set New Price Targets

FTDR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered shares of Frontdoor from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $58.00 to $40.00 in a research report on Tuesday, April 22nd. Truist Financial raised their price target on shares of Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group dropped their price target on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Monday, March 3rd.

Frontdoor Stock Down 0.4%

FTDR opened at $54.07 on Thursday. 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 company’s 50-day moving average is $41.70 and its 200 day moving average is $51.07. Frontdoor, Inc. has a fifty-two week low of $32.95 and a fifty-two week high of $63.49. The firm has a market capitalization of $3.98 billion, a P/E ratio of 17.90 and a beta of 1.21.

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

Frontdoor 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.