DekaBank Deutsche Girozentrale Increases Position in Frontdoor, Inc. (NASDAQ:FTDR)

DekaBank Deutsche Girozentrale raised its position in Frontdoor, Inc. (NASDAQ:FTDR) by 11.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,804 shares of the company’s stock after purchasing an additional 1,300 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Frontdoor were worth $617,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC purchased a new stake in shares of Frontdoor during the first quarter worth $549,000. Janney Montgomery Scott LLC increased its position in shares of Frontdoor by 288.6% during the first quarter. Janney Montgomery Scott LLC now owns 29,807 shares of the company’s stock worth $971,000 after acquiring an additional 22,136 shares during the period. Nordea Investment Management AB increased its position in shares of Frontdoor by 25.2% during the first quarter. Nordea Investment Management AB now owns 295,885 shares of the company’s stock worth $9,631,000 after acquiring an additional 59,572 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of Frontdoor during the first quarter worth $180,000. Finally, GSA Capital Partners LLP increased its position in shares of Frontdoor by 188.5% during the first quarter. GSA Capital Partners LLP now owns 31,581 shares of the company’s stock worth $1,029,000 after acquiring an additional 20,635 shares during the period.

Frontdoor Stock Performance

Shares of FTDR stock opened at $49.52 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.66. Frontdoor, Inc. has a 12 month low of $29.41 and a 12 month high of $53.10. The company has a market cap of $3.79 billion, a P/E ratio of 18.97 and a beta of 1.03. The firm has a fifty day moving average price of $48.81 and a 200 day moving average price of $41.00.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Thursday, August 1st. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.27. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. The company had revenue of $542.00 million during the quarter, compared to the consensus estimate of $536.74 million. During the same quarter in the prior year, the firm posted $0.87 earnings per share. Frontdoor’s revenue for the quarter was up 3.6% on a year-over-year basis. Sell-side analysts predict that Frontdoor, Inc. will post 2.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FTDR shares. The Goldman Sachs Group upped their price objective on Frontdoor from $33.00 to $41.00 and gave the stock a “sell” rating in a research report on Friday, August 2nd. William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research note on Friday, August 2nd. Truist Financial boosted their target price on shares of Frontdoor from $45.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their target price 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. One 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 stock. According to MarketBeat, the company 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.