Victory Capital Management Inc. boosted its holdings in Frontdoor, Inc. (NASDAQ:FTDR – Get Rating) by 88.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,044 shares of the company's stock after acquiring an additional 10,340 shares during the quarter. Victory Capital Management Inc.'s holdings in Frontdoor were worth $681,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Richelieu Gestion PLC bought a new position in Frontdoor in the 1st quarter valued at approximately $25,000. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Frontdoor during the 4th quarter valued at $26,000. CENTRAL TRUST Co bought a new position in shares of Frontdoor during the 4th quarter valued at $68,000. Islay Capital Management LLC bought a new position in shares of Frontdoor during the 1st quarter valued at $101,000. Finally, CHICAGO TRUST Co NA lifted its holdings in shares of Frontdoor by 16.4% during the 1st quarter. CHICAGO TRUST Co NA now owns 7,485 shares of the company's stock valued at $223,000 after buying an additional 1,053 shares during the period.
Get Frontdoor alerts:Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Truist Financial cut Frontdoor from a "buy" rating to a "hold" rating and lowered their price target for the company from $32.00 to $29.00 in a report on Monday, May 23rd. Raymond James decreased their target price on Frontdoor from $31.00 to $27.00 and set an "outperform" rating on the stock in a report on Friday, August 5th. Oppenheimer decreased their target price on Frontdoor from $41.00 to $34.00 in a report on Friday, May 6th. Finally, The Goldman Sachs Group cut Frontdoor from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $27.00 to $21.00 in a report on Thursday, June 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $33.50.
Frontdoor Price Performance
Shares of Frontdoor stock opened at $26.15 on Friday. Frontdoor, Inc. has a one year low of $20.30 and a one year high of $48.66. The stock's fifty day moving average is $24.64 and its 200 day moving average is $28.16. The stock has a market cap of $2.13 billion, a P/E ratio of 18.81, a P/E/G ratio of 1.10 and a beta of 0.49. 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 (NASDAQ:FTDR – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.04). Frontdoor had a return on equity of 1,072.00% and a net margin of 7.16%. The business 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 company posted $0.76 EPS. The company's quarterly revenue was up 5.4% on a year-over-year basis. Sell-side analysts anticipate that Frontdoor, Inc. will post 0.98 earnings per share for the current year.
Insiders Place Their Bets
In other Frontdoor news, Director Anna C. Catalano purchased 4,000 shares of the business's stock in a transaction on Wednesday, May 25th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $100,000.00. Following the purchase, the director now owns 20,595 shares of the company's stock, valued at approximately $514,875. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Frontdoor news, Director Anna C. Catalano purchased 4,000 shares of the business's stock in a transaction on Wednesday, May 25th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $100,000.00. Following the purchase, the director now owns 20,595 shares of the company's stock, valued at approximately $514,875. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William C. Cobb acquired 10,000 shares of the business's stock in a transaction dated Monday, May 23rd. The shares were purchased at an average price of $25.51 per share, with a total value of $255,100.00. Following the transaction, the director now owns 10,000 shares of the company's stock, valued at $255,100. The disclosure for this purchase can be found here. 0.68% of the stock is currently owned by company insiders.
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.
Further Reading
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