Frontdoor (NASDAQ:FTDR) Hits New 1-Year High - What's Next?

Frontdoor, Inc. (NASDAQ:FTDR - Get Free Report)'s stock price hit a new 52-week high on Friday . The company traded as high as $49.56 and last traded at $49.53, with a volume of 152906 shares trading hands. The stock had previously closed at $48.77.

Wall Street Analyst Weigh In

Several research firms have issued reports on FTDR. William Blair upgraded Frontdoor from a "market perform" rating to an "outperform" rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. lifted their price target on shares of Frontdoor from $45.00 to $55.00 and gave the company an "overweight" rating in a report on Monday, August 12th. Truist Financial boosted their price target on shares of Frontdoor from $45.00 to $56.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group raised their price objective on shares of Frontdoor from $33.00 to $41.00 and gave the stock a "sell" rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $47.75.

Frontdoor Trading Up 1.7 %

The company's 50-day moving average is $47.40 and its 200-day moving average is $38.98. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 19.00 and a beta of 1.04.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.27. The company had revenue of $542.00 million for the quarter, compared to analyst estimates of $536.74 million. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. Frontdoor's quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.87 earnings per share. On average, research analysts predict that Frontdoor, Inc. will post 2.79 earnings per share for the current year.

Institutional Trading of Frontdoor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Frontdoor by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company's stock valued at $331,636,000 after purchasing an additional 373,091 shares during the last quarter. Boston Partners boosted its stake in Frontdoor by 8.9% in the first quarter. Boston Partners now owns 6,198,543 shares of the company's stock valued at $201,662,000 after acquiring an additional 506,217 shares during the last quarter. Reinhart Partners LLC. grew its holdings in Frontdoor by 1.8% during the 2nd quarter. Reinhart Partners LLC. now owns 2,330,937 shares of the company's stock worth $78,762,000 after acquiring an additional 42,169 shares during the period. Victory Capital Management Inc. raised its position in shares of Frontdoor by 8.7% during the 2nd quarter. Victory Capital Management Inc. now owns 2,176,056 shares of the company's stock valued at $73,529,000 after acquiring an additional 173,624 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Frontdoor by 5.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,787,539 shares of the company's stock valued at $60,402,000 after purchasing an additional 89,301 shares during the period.

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.