Thrivent Financial for Lutherans Has $3.12 Million Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Thrivent Financial for Lutherans reduced its position in Frontdoor, Inc. (NASDAQ:FTDR) by 4.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 65,029 shares of the company’s stock after selling 3,131 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Frontdoor were worth $3,121,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new position in Frontdoor in the third quarter worth approximately $27,000. V Square Quantitative Management LLC acquired a new position in shares of Frontdoor during the 3rd quarter worth $31,000. GAMMA Investing LLC raised its holdings in shares of Frontdoor by 90.7% during the 2nd quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock valued at $30,000 after purchasing an additional 418 shares in the last quarter. Quarry LP lifted its stake in shares of Frontdoor by 468.1% in the 2nd quarter. Quarry LP now owns 1,085 shares of the company’s stock valued at $37,000 after purchasing an additional 894 shares during the last quarter. Finally, CWM LLC boosted its holdings in Frontdoor by 15.8% in the third quarter. CWM LLC now owns 2,695 shares of the company’s stock worth $129,000 after purchasing an additional 367 shares in the last quarter.

Frontdoor Stock Performance

FTDR opened at $59.54 on Tuesday. The stock’s 50 day moving average price is $51.31 and its two-hundred day moving average price is $43.68. The firm has a market capitalization of $4.51 billion, a P/E ratio of 19.72 and a beta of 1.03. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $60.42.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.33. The company had revenue of $540.00 million for the quarter, compared to analyst estimates of $541.88 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the business posted $0.94 EPS. On average, equities analysts forecast that Frontdoor, Inc. will post 3.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. William Blair upgraded Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. The Goldman Sachs Group boosted their target price on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price target on Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, August 12th. Finally, Truist Financial boosted their price objective on shares of Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $49.50.

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.