DekaBank Deutsche Girozentrale Sells 1,668 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

DekaBank Deutsche Girozentrale cut its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 12.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,504 shares of the company’s stock after selling 1,668 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Frontdoor were worth $385,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of FTDR. Dimensional Fund Advisors LP raised its stake in Frontdoor by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,636,936 shares of the company’s stock valued at $57,653,000 after purchasing an additional 24,098 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Frontdoor by 13.7% in the 4th quarter. Quadrant Capital Group LLC now owns 2,839 shares of the company’s stock valued at $100,000 after buying an additional 341 shares in the last quarter. Norges Bank bought a new stake in shares of Frontdoor during the 4th quarter worth approximately $18,725,000. Quest Partners LLC acquired a new stake in shares of Frontdoor during the 4th quarter worth approximately $470,000. Finally, Aigen Investment Management LP bought a new position in Frontdoor in the fourth quarter valued at approximately $339,000.

Frontdoor Trading Down 0.7 %

NASDAQ FTDR opened at $48.55 on Friday. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 21.29 and a beta of 1.03. Frontdoor, Inc. has a twelve month low of $28.25 and a twelve month high of $49.43. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.66. The business’s fifty day moving average is $44.59 and its 200 day moving average is $37.23.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on FTDR shares. The Goldman Sachs Group upped their target price on Frontdoor from $33.00 to $41.00 and gave the stock a “sell” rating in a research note on Friday, August 2nd. Truist Financial upped their price objective on Frontdoor from $45.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. William Blair upgraded Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.