Harbor Capital Advisors Inc. Boosts Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Harbor Capital Advisors Inc. raised its position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 84.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 184,408 shares of the company's stock after buying an additional 84,167 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.24% of Frontdoor worth $8,850,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Diversified Trust Co increased its holdings in shares of Frontdoor by 2.5% during the third quarter. Diversified Trust Co now owns 12,130 shares of the company's stock valued at $582,000 after acquiring an additional 299 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in Frontdoor by 0.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 46,552 shares of the company's stock valued at $1,517,000 after purchasing an additional 321 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Frontdoor by 2.2% in the first quarter. Tidal Investments LLC now owns 15,740 shares of the company's stock worth $513,000 after buying an additional 344 shares in the last quarter. CWM LLC increased its position in shares of Frontdoor by 15.8% during the third quarter. CWM LLC now owns 2,695 shares of the company's stock valued at $129,000 after acquiring an additional 367 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Frontdoor by 90.7% in the 2nd quarter. GAMMA Investing LLC now owns 879 shares of the company's stock valued at $30,000 after acquiring an additional 418 shares in the last quarter.

Frontdoor Stock Performance

Shares of NASDAQ:FTDR traded down $0.17 during midday trading on Friday, hitting $49.52. The company had a trading volume of 582,211 shares, compared to its average volume of 589,493. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 18.97 and a beta of 1.03. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.27. The company has a fifty day moving average of $48.81 and a two-hundred day moving average of $41.08. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $53.10.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $1.27 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 analysts' expectations of $536.74 million. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. The firm's revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.87 EPS. On average, equities research analysts expect that Frontdoor, Inc. will post 2.79 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in 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 stock an "overweight" rating in a research note on Monday, August 12th. The Goldman Sachs Group increased their price objective on shares of Frontdoor from $33.00 to $41.00 and gave the company a "sell" rating in a research report on Friday, August 2nd. Finally, Truist Financial boosted their target price on shares of Frontdoor from $45.00 to $56.00 and gave the company a "buy" rating in a research note 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 issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $47.75.

Frontdoor 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.