Wasatch Advisors LP Has $54.61 Million Position in Frontdoor Inc. $FTDR

Wasatch Advisors LP reduced its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR) by 7.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,033,141 shares of the company’s stock after selling 79,329 shares during the period. Wasatch Advisors LP’s holdings in Frontdoor were worth $54,612,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Private Trust Co. NA lifted its stake in shares of Frontdoor by 256.3% in the 4th quarter. Private Trust Co. NA now owns 563 shares of the company’s stock valued at $32,000 after purchasing an additional 405 shares during the period. EverSource Wealth Advisors LLC grew its stake in Frontdoor by 164.6% during the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock worth $47,000 after purchasing an additional 497 shares during the period. Quarry LP grew its stake in Frontdoor by 429.5% during the third quarter. Quarry LP now owns 879 shares of the company’s stock worth $59,000 after purchasing an additional 713 shares during the period. Global Retirement Partners LLC increased its holdings in Frontdoor by 8,376.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock worth $64,000 after purchasing an additional 1,089 shares in the last quarter. Finally, Huntington National Bank increased 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 purchasing an additional 273 shares in the last quarter.

Frontdoor Price Performance

FTDR stock opened at $74.73 on Friday. The company has a debt-to-equity ratio of 4.95, a current ratio of 1.47 and a quick ratio of 1.47. The company’s 50-day moving average is $64.88 and its 200-day moving average is $60.81. The stock has a market capitalization of $5.25 billion, a PE ratio of 21.41 and a beta of 1.50. Frontdoor Inc. has a 1 year low of $48.47 and a 1 year high of $75.96.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Thursday, April 30th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. Frontdoor had a return on equity of 118.62% and a net margin of 12.22%.The business had revenue of $451.00 million during the quarter, compared to analyst estimates of $442.28 million. During the same period in the previous year, the company posted $0.64 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. Equities research analysts expect that Frontdoor Inc. will post 4.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FTDR. Wall Street Zen lowered Frontdoor from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Benchmark assumed coverage on shares of Frontdoor in a research report on Thursday, March 26th. They set a “buy” rating and a $80.00 price objective for the company. Weiss Ratings lowered shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. Finally, The Goldman Sachs Group upgraded shares of Frontdoor from a “sell” rating to a “neutral” rating and boosted their target price for the company from $50.00 to $67.00 in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $72.00.

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.