Dimensional Fund Advisors LP Increases Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Dimensional Fund Advisors LP raised its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 5.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,787,539 shares of the company’s stock after buying an additional 89,301 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Frontdoor were worth $60,402,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in 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 buying an additional 418 shares during the last quarter. Covestor Ltd raised its stake in Frontdoor by 288.6% during the 1st 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 last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Frontdoor during the 4th quarter valued at $71,000. nVerses Capital LLC purchased a new stake in Frontdoor during the 2nd quarter valued at $128,000. Finally, Gladius Capital Management LP bought a new stake in shares of Frontdoor during the 2nd quarter valued at $143,000.

Analyst Ratings Changes

FTDR has been the subject of a number of recent research reports. William Blair raised shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. Truist Financial boosted their price objective on shares of Frontdoor from $45.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. The Goldman Sachs Group boosted 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, JPMorgan Chase & Co. boosted their price objective on shares of Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. 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 stock. Based on data from MarketBeat, Frontdoor presently has a consensus rating of “Hold” and a consensus price target of $47.75.

Frontdoor Trading Up 0.6 %

Shares of Frontdoor stock opened at $48.62 on Friday. The company has a market capitalization of $3.78 billion, a P/E ratio of 21.32 and a beta of 1.04. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.27 and a current ratio of 1.27. The company has a fifty day moving average of $45.71 and a 200 day moving average of $37.87. Frontdoor, Inc. has a fifty-two week low of $28.25 and a fifty-two week high of $49.43.

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

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.