Landscape Capital Management L.L.C. bought a new stake in shares of Frontdoor, Inc. (NASDAQ:FTDR – Get Rating) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 65,446 shares of the company's stock, valued at approximately $1,954,000. Landscape Capital Management L.L.C. owned about 0.08% of Frontdoor at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. US Bancorp DE increased its position in shares of Frontdoor by 11.0% during the 1st quarter. US Bancorp DE now owns 20,310 shares of the company's stock valued at $606,000 after purchasing an additional 2,017 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in Frontdoor by 11.0% in the 1st quarter. Crossmark Global Holdings Inc. now owns 7,891 shares of the company's stock worth $236,000 after acquiring an additional 780 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Frontdoor by 4.4% in the 1st quarter. Handelsbanken Fonder AB now owns 16,700 shares of the company's stock worth $498,000 after acquiring an additional 700 shares during the last quarter. Raymond James & Associates increased its holdings in Frontdoor by 25.1% in the 1st quarter. Raymond James & Associates now owns 9,646 shares of the company's stock worth $288,000 after acquiring an additional 1,933 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Frontdoor in the 1st quarter worth about $1,913,000.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Oppenheimer decreased their price objective on Frontdoor from $41.00 to $34.00 in a report on Friday, May 6th. Truist Financial lowered Frontdoor from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $32.00 to $29.00 in a report on Monday, May 23rd. Raymond James decreased their price objective on Frontdoor from $31.00 to $27.00 and set an "outperform" rating for the company in a report on Friday, August 5th. Finally, The Goldman Sachs Group lowered Frontdoor from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $27.00 to $21.00 in a report on Thursday, June 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Frontdoor presently has a consensus rating of "Hold" and a consensus price target of $33.50.

Frontdoor Stock Up 3.0 %

Frontdoor (NASDAQ:FTDR – Get Rating) last issued its earnings results on Thursday, August 4th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.04). Frontdoor had a return on equity of 1,072.00% and a net margin of 7.16%. The company had revenue of $487.00 million during the quarter, compared to the consensus estimate of $476.55 million. During the same quarter in the prior year, the business earned $0.76 EPS. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. Research analysts anticipate that Frontdoor, Inc. will post 0.98 earnings per share for the current fiscal year.

Frontdoor Company Profile

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Frontdoor, Inc provides home service plans in the United States. The company's home service plans cover 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 central heating, ventilation, and air conditioning systems.

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