Royce & Associates LP Reduces Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Royce & Associates LP decreased its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 15.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,331 shares of the company’s stock after selling 31,769 shares during the period. Royce & Associates LP’s holdings in Frontdoor were worth $8,606,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. BOKF NA acquired a new position in Frontdoor during the 2nd quarter worth $493,000. Harbor Capital Advisors Inc. grew its holdings in Frontdoor by 84.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company’s stock worth $8,850,000 after acquiring an additional 84,167 shares in the last quarter. Swedbank AB acquired a new position in Frontdoor during the 1st quarter worth $18,542,000. CANADA LIFE ASSURANCE Co grew its holdings in Frontdoor by 22.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 125,556 shares of the company’s stock worth $4,092,000 after acquiring an additional 23,194 shares in the last quarter. Finally, Natixis Advisors LLC acquired a new position in Frontdoor during the 2nd quarter worth $513,000.

Frontdoor Trading Down 1.2 %

NASDAQ FTDR opened at $54.87 on Monday. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $58.86. The company has a 50-day simple moving average of $50.46 and a 200-day simple moving average of $42.95. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $4.16 billion, a PE ratio of 18.17 and a beta of 1.03.

Frontdoor (NASDAQ:FTDR) last posted its earnings results on Monday, November 4th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.33. The firm had revenue of $540.00 million during 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%. Frontdoor’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous 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.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FTDR. William Blair raised shares of Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price target on shares of Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, August 12th. The Goldman Sachs Group lifted their price target on shares of Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. Finally, Truist Financial lifted their price target on shares of Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $49.50.

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.