Motley Fool Wealth Management LLC purchased a new stake in Frontdoor Inc. (NASDAQ:FTDR – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 95,418 shares of the company’s stock, valued at approximately $5,505,000. Motley Fool Wealth Management LLC owned 0.13% of Frontdoor as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the business. Motley Fool Asset Management LLC lifted its stake in Frontdoor by 22.8% in the fourth quarter. Motley Fool Asset Management LLC now owns 38,001 shares of the company’s stock valued at $2,192,000 after buying an additional 7,065 shares during the period. Permit Capital LLC lifted its stake in Frontdoor by 27.0% in the fourth quarter. Permit Capital LLC now owns 197,600 shares of the company’s stock valued at $11,400,000 after buying an additional 42,000 shares during the period. Fiera Capital Corp lifted its stake in Frontdoor by 30.6% in the fourth quarter. Fiera Capital Corp now owns 950,702 shares of the company’s stock valued at $54,846,000 after buying an additional 222,633 shares during the period. State of Wyoming lifted its stake in Frontdoor by 57.0% in the fourth quarter. State of Wyoming now owns 6,963 shares of the company’s stock valued at $402,000 after buying an additional 2,528 shares during the period. Finally, Reinhart Partners LLC. lifted its stake in Frontdoor by 25.6% in the fourth quarter. Reinhart Partners LLC. now owns 1,629,152 shares of the company’s stock valued at $93,987,000 after buying an additional 332,556 shares during the period.
Analyst Ratings Changes
Several equities analysts have issued reports on the company. Wall Street Zen lowered Frontdoor from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Weiss Ratings lowered Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. The Goldman Sachs Group raised Frontdoor from a “sell” rating to a “neutral” rating and upped their target price for the stock from $50.00 to $67.00 in a research report on Monday, March 2nd. Oppenheimer reaffirmed an “outperform” rating and set a $70.00 target price on shares of Frontdoor in a research report on Thursday, February 26th. Finally, Benchmark assumed coverage on Frontdoor in a research report on Thursday, March 26th. They set a “buy” rating and a $80.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.00.
Frontdoor Price Performance
Shares of NASDAQ:FTDR opened at $65.87 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.95. Frontdoor Inc. has a twelve month low of $48.47 and a twelve month high of $70.77. The stock’s 50 day moving average is $61.01 and its 200-day moving average is $59.22. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 18.87 and a beta of 1.50.
Frontdoor (NASDAQ:FTDR – Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. Frontdoor had a return on equity of 118.62% and a net margin of 12.22%.The company had revenue of $451.00 million for the quarter, compared to analyst estimates of $442.28 million. During the same period in the prior year, the firm earned $0.64 earnings per share. Frontdoor’s revenue for the quarter was up 5.9% on a year-over-year basis. Sell-side analysts forecast that Frontdoor Inc. will post 4.48 EPS for the current fiscal year.
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.
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