Frontdoor Inc. $FTDR Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its stake in shares of Frontdoor Inc. (NASDAQ:FTDR) by 20.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,530 shares of the company’s stock after buying an additional 10,729 shares during the period. Harbor Capital Advisors Inc.’s holdings in Frontdoor were worth $3,607,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Invesco Ltd. boosted its stake in shares of Frontdoor by 2.5% during the 3rd quarter. Invesco Ltd. now owns 1,108,815 shares of the company’s stock worth $74,612,000 after acquiring an additional 27,410 shares in the last quarter. Wasatch Advisors LP increased its stake in Frontdoor by 2.7% in the 3rd quarter. Wasatch Advisors LP now owns 968,286 shares of the company’s stock valued at $65,156,000 after purchasing an additional 25,613 shares in the last quarter. Broad Bay Capital Management LP acquired a new position in Frontdoor during the second quarter worth $46,886,000. Fort Washington Investment Advisors Inc. OH boosted its position in Frontdoor by 18.6% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 744,513 shares of the company’s stock worth $42,951,000 after purchasing an additional 116,722 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Frontdoor by 4.7% during the 2nd quarter. Bank of America Corp DE now owns 699,289 shares of the company’s stock worth $41,216,000 after buying an additional 31,087 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FTDR shares. The Goldman Sachs Group upgraded shares of Frontdoor from a “sell” rating to a “neutral” rating and raised their target price for the company from $50.00 to $67.00 in a report on Monday, March 2nd. Truist Financial set a $71.00 target price on Frontdoor in a research note on Monday, January 26th. Weiss Ratings raised Frontdoor from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Benchmark began coverage on Frontdoor in a report on Thursday, March 26th. They issued a “buy” rating and a $80.00 price target for the company. Finally, Wall Street Zen downgraded Frontdoor from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.60.

Frontdoor Price Performance

Frontdoor stock opened at $54.58 on Friday. Frontdoor Inc. has a 1 year low of $35.61 and a 1 year high of $70.77. The company has a debt-to-equity ratio of 4.73, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a 50 day moving average price of $59.37 and a 200 day moving average price of $59.65. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 16.01 and a beta of 1.41.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. Frontdoor had a net margin of 12.18% and a return on equity of 120.79%. The company had revenue of $433.00 million for the quarter, compared to analyst estimates of $421.62 million. During the same quarter last year, the business earned $0.27 EPS. Frontdoor’s revenue for the quarter was up 13.1% on a year-over-year basis. Sell-side analysts predict that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Frontdoor Company Profile

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.