Frontdoor Inc. $FTDR Stock Sold by Reinhart Partners LLC.

Reinhart Partners LLC. decreased its holdings in Frontdoor Inc. (NASDAQ:FTDR) by 11.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,498,861 shares of the company’s stock after selling 185,204 shares during the quarter. Frontdoor makes up 2.7% of Reinhart Partners LLC.’s holdings, making the stock its 12th biggest holding. Reinhart Partners LLC.’s holdings in Frontdoor were worth $109,597,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in FTDR. Keating Financial Advisory Services Inc. purchased a new stake in Frontdoor during the 2nd quarter worth approximately $25,000. Public Employees Retirement System of Ohio purchased a new position in Frontdoor in the 2nd quarter valued at approximately $58,000. Global Retirement Partners LLC acquired a new position in shares of Frontdoor in the second quarter worth $83,000. Plato Investment Management Ltd acquired a new position in shares of Frontdoor in the second quarter worth $83,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Frontdoor during the second quarter worth $100,000.

Analysts Set New Price Targets

A number of research firms recently issued reports on FTDR. Truist Financial lifted their target price on Frontdoor from $82.00 to $105.00 and gave the company a “buy” rating in a report on Friday, August 7th. Weiss Ratings downgraded Frontdoor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Benchmark increased their price target on Frontdoor from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Wolfe Research upgraded Frontdoor to an “outperform” rating in a research note on Monday, August 24th. Finally, Oppenheimer boosted their price objective on Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.60.

Frontdoor Price Performance

Shares of NASDAQ:FTDR opened at $79.80 on Friday. Frontdoor Inc. has a 12 month low of $48.47 and a 12 month high of $93.43. The firm has a market capitalization of $5.50 billion, a P/E ratio of 21.17 and a beta of 1.53. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.59 and a quick ratio of 1.59. The company’s fifty day moving average price is $80.31 and its 200 day moving average price is $70.98.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.17. The company had revenue of $645.00 million during the quarter, compared to the consensus estimate of $643.40 million. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. Frontdoor’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 earnings per share. As a group, sell-side analysts predict that Frontdoor Inc. will post 4.67 earnings per share for the current fiscal year.

Frontdoor Company Profile

Frontdoor, Inc (NASDAQ: FTDR) is a provider of home warranty and home services in the United States. The company helps homeowners manage the cost and inconvenience of repairing or replacing covered home systems and appliances by connecting them with qualified service professionals.

Frontdoor’s portfolio includes American Home Shield, a major home warranty brand, along with 2-10 Home Buyers Warranty, HSA Home Warranty and Landmark Home Warranty. Its services generally cover items such as heating and cooling systems, electrical and plumbing systems, kitchen appliances and other household equipment, subject to the terms of individual contracts.

In addition to warranty plans, Frontdoor operates home services offerings that support homeowners, real estate professionals, contractors and service providers.