Raymond James & Associates Buys 13,824 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Raymond James & Associates increased its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 10.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 150,298 shares of the company's stock after buying an additional 13,824 shares during the quarter. Raymond James & Associates owned 0.19% of Frontdoor worth $7,213,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC bought a new position in shares of Frontdoor during the third quarter worth about $27,000. GAMMA Investing LLC raised its position in shares of Frontdoor by 90.7% during the second quarter. GAMMA Investing LLC now owns 879 shares of the company's stock worth $30,000 after acquiring an additional 418 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Frontdoor during the third quarter worth about $31,000. Isthmus Partners LLC raised its position in shares of Frontdoor by 0.5% during the second quarter. Isthmus Partners LLC now owns 110,249 shares of the company's stock worth $37,000 after acquiring an additional 603 shares during the last quarter. Finally, Quarry LP raised its position in shares of Frontdoor by 468.1% during the second quarter. Quarry LP now owns 1,085 shares of the company's stock worth $37,000 after acquiring an additional 894 shares during the last quarter.

Frontdoor Stock Down 3.6 %

Frontdoor stock traded down $1.88 during mid-day trading on Thursday, reaching $49.69. The stock had a trading volume of 582,487 shares, compared to its average volume of 722,641. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.27 and a current ratio of 1.27. Frontdoor, Inc. has a fifty-two week low of $28.45 and a fifty-two week high of $53.10. The stock's 50-day simple moving average is $48.74 and its 200-day simple moving average is $40.81. The firm has a market capitalization of $3.87 billion, a PE ratio of 21.96 and a beta of 1.04.

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

Analyst Upgrades and Downgrades

FTDR has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on Frontdoor from $33.00 to $41.00 and gave the stock a "sell" rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on Frontdoor from $45.00 to $55.00 and gave the stock an "overweight" rating in a research note on Monday, August 12th. William Blair raised Frontdoor from a "market perform" rating to an "outperform" rating in a research note on Friday, August 2nd. Finally, Truist Financial raised their target price on Frontdoor from $45.00 to $56.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Frontdoor presently has an average rating of "Hold" and a consensus target price of $47.75.

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.