Central Pacific Bank Trust Division Trims Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Central Pacific Bank Trust Division trimmed its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 34.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,248 shares of the company’s stock after selling 1,742 shares during the period. Central Pacific Bank Trust Division’s holdings in Frontdoor were worth $156,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. TD Asset Management Inc grew its holdings in shares of Frontdoor by 46.7% in the fourth quarter. TD Asset Management Inc now owns 62,200 shares of the company’s stock valued at $2,191,000 after purchasing an additional 19,800 shares in the last quarter. Seven Eight Capital LP grew its holdings in shares of Frontdoor by 47.7% in the fourth quarter. Seven Eight Capital LP now owns 47,101 shares of the company’s stock valued at $1,659,000 after purchasing an additional 15,219 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Frontdoor in the fourth quarter valued at approximately $71,000. Goldman Sachs Group Inc. grew its holdings in shares of Frontdoor by 44.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 870,440 shares of the company’s stock valued at $30,657,000 after purchasing an additional 267,762 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Frontdoor by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 9,806,048 shares of the company’s stock valued at $345,369,000 after purchasing an additional 249,789 shares in the last quarter.

Frontdoor Trading Up 1.8 %

NASDAQ FTDR opened at $47.78 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.66. Frontdoor, Inc. has a 52 week low of $28.25 and a 52 week high of $49.43. The stock has a market capitalization of $3.72 billion, a PE ratio of 20.96 and a beta of 1.04. The firm has a 50 day moving average of $46.71 and a two-hundred day moving average of $38.39.

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

Wall Street Analyst Weigh In

FTDR has been the subject of a number of research reports. William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. Truist Financial lifted their price objective on shares of Frontdoor from $45.00 to $56.00 and gave the company a “buy” rating in a report on Friday, August 2nd. The Goldman Sachs Group lifted their price objective on shares of Frontdoor from $33.00 to $41.00 and gave the company a “sell” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. lifted 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 given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.