Reinhart Partners LLC. Has $109.26 Million Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Reinhart Partners LLC. reduced its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,276,696 shares of the company's stock after selling 54,241 shares during the quarter. Frontdoor makes up about 4.1% of Reinhart Partners LLC.'s holdings, making the stock its 2nd largest position. Reinhart Partners LLC. owned about 2.93% of Frontdoor worth $109,259,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FTDR. GAMMA Investing LLC raised its stake in shares of Frontdoor by 90.7% in the second quarter. GAMMA Investing LLC now owns 879 shares of the company's stock valued at $30,000 after buying an additional 418 shares during the period. Isthmus Partners LLC raised its stake in shares of Frontdoor by 0.5% in the second quarter. Isthmus Partners LLC now owns 110,249 shares of the company's stock valued at $37,000 after buying an additional 603 shares during the period. Quarry LP raised its stake in shares of Frontdoor by 468.1% in the second quarter. Quarry LP now owns 1,085 shares of the company's stock valued at $37,000 after buying an additional 894 shares during the period. Covestor Ltd raised its stake in shares of Frontdoor by 288.6% in the first quarter. Covestor Ltd now owns 1,154 shares of the company's stock valued at $38,000 after buying an additional 857 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of Frontdoor in the second quarter valued at $128,000.

Frontdoor Stock Performance

Shares of NASDAQ FTDR traded up $0.82 during mid-day trading on Friday, hitting $49.59. The company had a trading volume of 771,471 shares, compared to its average volume of 731,280. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 19.00 and a beta of 1.04. Frontdoor, Inc. has a 1 year low of $28.25 and a 1 year high of $49.70. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.66. The stock's 50-day moving average price is $47.40 and its 200-day moving average price is $39.03.

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

Wall Street Analysts Forecast Growth

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

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.