Charles Schwab Investment Management Inc. Has $48.68 Million Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Charles Schwab Investment Management Inc. trimmed its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 1.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,014,432 shares of the company’s stock after selling 16,451 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.34% of Frontdoor worth $48,683,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FTDR. BOKF NA purchased a new position in shares of Frontdoor during the second quarter valued at approximately $493,000. Harbor Capital Advisors Inc. boosted 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 during the last quarter. Natixis Advisors LLC bought a new stake in shares of Frontdoor in the 2nd quarter worth $513,000. Meeder Asset Management Inc. raised its holdings in shares of Frontdoor by 362.8% in the third quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company’s stock valued at $1,180,000 after purchasing an additional 19,277 shares during the last quarter. Finally, Swedbank AB lifted its position in shares of Frontdoor by 112.7% during the second quarter. Swedbank AB now owns 1,210,600 shares of the company’s stock valued at $40,906,000 after purchasing an additional 641,476 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FTDR shares. The Goldman Sachs Group upped their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research 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 research report on Monday, August 12th. Finally, Truist Financial lifted their price target on Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $49.50.

Frontdoor Stock Up 0.7 %

FTDR opened at $58.60 on Monday. The company’s 50-day moving average price is $52.31 and its two-hundred day moving average price is $44.41. 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 twelve month low of $29.41 and a twelve month high of $60.42. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 19.40 and a beta of 1.03.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.33. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business had revenue of $540.00 million during the quarter, compared to analyst estimates of $541.88 million. During the same period in the prior year, the company earned $0.94 earnings per share. Frontdoor’s revenue was up 3.1% compared to the same quarter last year. As a group, equities analysts expect that Frontdoor, Inc. will post 3.14 earnings per share for the current year.

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.