Janus Henderson Group PLC Raises Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Janus Henderson Group PLC boosted its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 43.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,542 shares of the company's stock after purchasing an additional 27,280 shares during the quarter. Janus Henderson Group PLC owned approximately 0.12% of Frontdoor worth $4,347,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Exchange Traded Concepts LLC purchased a new position in Frontdoor in the third quarter valued at $27,000. V Square Quantitative Management LLC acquired a new position in shares of Frontdoor during the 3rd quarter worth about $31,000. Quarry LP increased its holdings in shares of Frontdoor by 468.1% in the 2nd quarter. Quarry LP now owns 1,085 shares of the company's stock valued at $37,000 after acquiring an additional 894 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Frontdoor by 89.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,667 shares of the company's stock valued at $80,000 after acquiring an additional 788 shares during the last quarter. Finally, CWM LLC raised its position in shares of Frontdoor by 15.8% during the 3rd quarter. CWM LLC now owns 2,695 shares of the company's stock worth $129,000 after acquiring an additional 367 shares in the last quarter.

Frontdoor Stock Performance

NASDAQ:FTDR traded down $0.21 during trading hours on Wednesday, reaching $58.61. 643,272 shares of the company's stock were exchanged, compared to its average volume of 705,232. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $60.42. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 19.41 and a beta of 1.08. The company has a 50-day moving average of $53.99 and a 200 day moving average of $45.68.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.33. The business had revenue of $540.00 million during the quarter, compared to the consensus estimate of $541.88 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.94 earnings per share. Research analysts anticipate that Frontdoor, Inc. will post 3.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FTDR shares. The Goldman Sachs Group lifted their price target on shares of Frontdoor from $41.00 to $46.00 and gave the stock a "sell" rating in a research note on Tuesday, November 5th. Truist Financial boosted their target price on Frontdoor from $56.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $49.50.

About Frontdoor

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.