Teacher Retirement System of Texas lifted its position in shares of Frontdoor, Inc. (NASDAQ:FTDR – Get Rating) by 4.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,428 shares of the company's stock after buying an additional 665 shares during the quarter. Teacher Retirement System of Texas' holdings in Frontdoor were worth $520,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Mackenzie Financial Corp grew its position in shares of Frontdoor by 14.2% during the 4th quarter. Mackenzie Financial Corp now owns 5,458,708 shares of the company's stock worth $200,062,000 after buying an additional 679,303 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Frontdoor by 7.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,733,418 shares of the company's stock worth $63,530,000 after purchasing an additional 124,700 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Frontdoor during the 4th quarter worth $50,646,000. Marshall Wace LLP lifted its stake in shares of Frontdoor by 1,603.3% during the 4th quarter. Marshall Wace LLP now owns 1,275,179 shares of the company's stock worth $46,736,000 after purchasing an additional 1,200,313 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Frontdoor by 1,569.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,218,912 shares of the company's stock worth $44,673,000 after purchasing an additional 1,145,894 shares during the last quarter.
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Insider Transactions at Frontdoor
In other news, Director Anna C. Catalano acquired 4,000 shares of Frontdoor stock in a transaction dated Wednesday, May 25th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the director now directly owns 20,595 shares in the company, valued at approximately $514,875. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.68% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Raymond James decreased their price objective on Frontdoor from $31.00 to $27.00 and set an "outperform" rating for the company in a research note on Friday, August 5th. Oppenheimer decreased their price objective on Frontdoor from $41.00 to $34.00 in a research note on Friday, May 6th. Truist Financial cut 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 research note on Monday, May 23rd. Finally, The Goldman Sachs Group cut 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 research note on Thursday, June 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Frontdoor presently has a consensus rating of "Hold" and a consensus target price of $33.50.
Frontdoor Trading Down 4.1 %
Frontdoor stock opened at $24.83 on Tuesday. The stock has a 50-day moving average of $24.79 and a two-hundred day moving average of $27.89. The company has a debt-to-equity ratio of 100.00, a quick ratio of 0.77 and a current ratio of 0.77. Frontdoor, Inc. has a one year low of $20.30 and a one year high of $48.66. The stock has a market cap of $2.02 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 1.11 and a beta of 0.49.
Frontdoor (NASDAQ:FTDR – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.53 earnings per share (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 firm had revenue of $487.00 million during the quarter, compared to analysts' expectations of $476.55 million. During the same quarter in the previous year, the business earned $0.76 earnings per share. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. On average, research analysts anticipate that Frontdoor, Inc. will post 0.98 EPS for the current fiscal year.
About Frontdoor
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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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