Frontdoor Inc. $FTDR Position Boosted by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lifted its stake in shares of Frontdoor Inc. (NASDAQ:FTDR) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 154,540 shares of the company’s stock after purchasing an additional 10,300 shares during the period. Hillsdale Investment Management Inc. owned about 0.21% of Frontdoor worth $8,915,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Intech Investment Management LLC lifted its holdings in Frontdoor by 1.5% in the fourth quarter. Intech Investment Management LLC now owns 73,878 shares of the company’s stock worth $4,262,000 after acquiring an additional 1,121 shares during the last quarter. Huntington National Bank lifted its holdings in Frontdoor by 18.8% in the fourth quarter. Huntington National Bank now owns 1,723 shares of the company’s stock worth $99,000 after acquiring an additional 273 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Frontdoor by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 1,887,029 shares of the company’s stock worth $108,879,000 after acquiring an additional 27,237 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in Frontdoor by 426.1% in the fourth quarter. Clearstead Advisors LLC now owns 2,099 shares of the company’s stock worth $121,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Swedbank AB lifted its holdings in Frontdoor by 6.0% in the fourth quarter. Swedbank AB now owns 1,283,600 shares of the company’s stock worth $74,051,000 after acquiring an additional 73,000 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FTDR shares. Wall Street Zen cut shares of Frontdoor from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Benchmark started coverage on shares of Frontdoor in a report on Thursday, March 26th. They issued a “buy” rating and a $80.00 target price on the stock. Oppenheimer reissued an “outperform” rating and issued a $70.00 target price on shares of Frontdoor in a report on Thursday, February 26th. Weiss Ratings cut shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. Finally, The Goldman Sachs Group raised shares of Frontdoor from a “sell” rating to a “neutral” rating and raised their target price for the stock from $50.00 to $67.00 in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Frontdoor currently has an average rating of “Moderate Buy” and a consensus price target of $68.60.

Frontdoor Stock Performance

FTDR opened at $62.07 on Friday. The business’s 50 day moving average is $60.18 and its 200-day moving average is $58.55. The stock has a market cap of $4.36 billion, a PE ratio of 17.79 and a beta of 1.55. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.95. Frontdoor Inc. has a twelve month low of $48.47 and a twelve month high of $70.77.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. The company had revenue of $451.00 million for the quarter, compared to analysts’ expectations of $442.28 million. Frontdoor had a return on equity of 118.62% and a net margin of 12.22%.The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 earnings per share. On average, analysts predict that Frontdoor Inc. will post 4.48 earnings per share for the current year.

Frontdoor 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.