Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Royce & Associates LP

Royce & Associates LP cut its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 15.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 179,331 shares of the company's stock after selling 31,769 shares during the period. Royce & Associates LP owned about 0.23% of Frontdoor worth $8,606,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its position in shares of Frontdoor by 40.6% in the first quarter. Russell Investments Group Ltd. now owns 98,159 shares of the company's stock valued at $3,198,000 after acquiring an additional 28,344 shares in the last quarter. ProShare Advisors LLC boosted its stake in Frontdoor by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 16,323 shares of the company's stock worth $532,000 after purchasing an additional 1,126 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Frontdoor by 31.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 30,913 shares of the company's stock worth $1,007,000 after buying an additional 7,410 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Frontdoor by 3.8% in the first quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company's stock valued at $331,636,000 after buying an additional 373,091 shares during the last quarter. Finally, Covestor Ltd boosted its position in Frontdoor by 288.6% during the first quarter. Covestor Ltd now owns 1,154 shares of the company's stock worth $38,000 after acquiring an additional 857 shares during the last quarter.

Frontdoor Trading Down 1.1 %

Shares of NASDAQ FTDR traded down $0.58 during trading on Monday, reaching $54.29. The stock had a trading volume of 338,258 shares, compared to its average volume of 718,615. The business's 50-day moving average price is $50.46 and its 200-day moving average price is $42.95. Frontdoor, Inc. has a fifty-two week low of $29.41 and a fifty-two week high of $58.86. The company has a market cap of $4.12 billion, a P/E ratio of 18.08 and a beta of 1.03. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.05 by $0.33. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business had revenue of $540.00 million during the quarter, compared to analyst estimates of $541.88 million. During the same quarter last year, the firm posted $0.94 earnings per share. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities research analysts predict that Frontdoor, Inc. will post 3.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. William Blair raised shares of Frontdoor from a "market perform" rating to an "outperform" rating in a research note on Friday, August 2nd. Truist Financial boosted their target price on shares of Frontdoor from $56.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price objective on shares of Frontdoor from $45.00 to $55.00 and gave the company an "overweight" rating in a report on Monday, August 12th. Finally, The Goldman Sachs Group upped their target price on shares of Frontdoor from $41.00 to $46.00 and gave the company a "sell" rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $49.50.

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.