TD Asset Management Inc Invests $1.51 Million in Frontdoor Inc. $FTDR

TD Asset Management Inc bought a new position in shares of Frontdoor Inc. (NASDAQ:FTDR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 25,616 shares of the company’s stock, valued at approximately $1,510,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FTDR. Nuveen LLC purchased a new stake in shares of Frontdoor during the first quarter worth about $32,213,000. Fiera Capital Corp bought a new stake in Frontdoor in the first quarter valued at about $28,024,000. Fuller & Thaler Asset Management Inc. increased its holdings in Frontdoor by 33.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,752,723 shares of the company’s stock valued at $105,760,000 after buying an additional 685,148 shares during the last quarter. Invesco Ltd. increased its holdings in Frontdoor by 46.9% in the first quarter. Invesco Ltd. now owns 1,223,776 shares of the company’s stock valued at $47,017,000 after buying an additional 390,434 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Frontdoor by 533.0% in the first quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock valued at $11,814,000 after buying an additional 258,920 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FTDR shares. Truist Financial boosted their price objective on Frontdoor from $67.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Weiss Ratings lowered Frontdoor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. 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. The Goldman Sachs Group upped their target price on Frontdoor from $44.00 to $50.00 and gave the company a “sell” rating in a report on Wednesday, August 6th. Finally, Zacks Research lowered Frontdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Frontdoor currently has a consensus rating of “Hold” and a consensus price target of $59.75.

Frontdoor Stock Up 0.6%

Shares of FTDR stock opened at $67.82 on Thursday. Frontdoor Inc. has a 1 year low of $35.61 and a 1 year high of $69.36. The stock has a market cap of $4.94 billion, a PE ratio of 20.01 and a beta of 1.33. The business’s fifty day moving average is $64.42 and its 200-day moving average is $56.98. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.49 and a current ratio of 1.49.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.19. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The company had revenue of $617.00 million for the quarter, compared to analysts’ expectations of $602.62 million. During the same period last year, the firm earned $1.27 EPS. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts expect that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Frontdoor

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the completion of the sale, the senior vice president directly owned 34,646 shares of the company’s stock, valued at $1,945,372.90. This trade represents a 78.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.48% of the stock is currently owned by corporate insiders.

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.