Janney Montgomery Scott LLC Sells 2,669 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Janney Montgomery Scott LLC decreased its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 8.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,586 shares of the company’s stock after selling 2,669 shares during the period. Janney Montgomery Scott LLC’s holdings in Frontdoor were worth $1,468,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of FTDR. Vanguard Group Inc. boosted its position in Frontdoor by 3.8% during the first quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company’s stock valued at $331,636,000 after purchasing an additional 373,091 shares in the last quarter. Boston Partners raised its stake in shares of Frontdoor by 8.9% during the 1st quarter. Boston Partners now owns 6,198,543 shares of the company’s stock worth $201,662,000 after acquiring an additional 506,217 shares in the last quarter. Reinhart Partners LLC. lifted its position in Frontdoor by 1.8% during the second quarter. Reinhart Partners LLC. now owns 2,330,937 shares of the company’s stock valued at $78,762,000 after acquiring an additional 42,169 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Frontdoor by 8.7% in the second quarter. Victory Capital Management Inc. now owns 2,176,056 shares of the company’s stock valued at $73,529,000 after acquiring an additional 173,624 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Frontdoor by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,787,539 shares of the company’s stock worth $60,402,000 after purchasing an additional 89,301 shares during the last quarter.

Frontdoor Stock Performance

Shares of NASDAQ FTDR opened at $55.56 on Friday. The company has a 50 day simple moving average of $50.31 and a two-hundred day simple moving average of $42.62. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 18.40 and a beta of 1.03. The company has a current ratio of 1.42, a quick 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 $58.86.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, beating 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 firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.94 earnings per share. As a group, analysts predict that Frontdoor, Inc. will post 3.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FTDR. William Blair upgraded Frontdoor from a “market perform” rating to an “outperform” rating in a research note on Friday, August 2nd. Truist Financial lifted their target price 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. The Goldman Sachs Group raised their price target on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. 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 report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.