Crossmark Global Holdings Inc. boosted its position in Frontdoor, Inc. (NASDAQ:FTDR – Get Rating) by 11.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,891 shares of the company's stock after buying an additional 780 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Frontdoor were worth $236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently made changes to their positions in the stock. Handelsbanken Fonder AB grew its position in shares of Frontdoor by 4.4% in the first quarter. Handelsbanken Fonder AB now owns 16,700 shares of the company's stock valued at $498,000 after purchasing an additional 700 shares in the last quarter. Raymond James & Associates grew its position in shares of Frontdoor by 25.1% in the first quarter. Raymond James & Associates now owns 9,646 shares of the company's stock valued at $288,000 after purchasing an additional 1,933 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Frontdoor in the first quarter valued at $1,913,000. Moody Aldrich Partners LLC grew its position in shares of Frontdoor by 12.8% in the first quarter. Moody Aldrich Partners LLC now owns 75,085 shares of the company's stock valued at $2,241,000 after purchasing an additional 8,540 shares in the last quarter. Finally, Paradice Investment Management LLC purchased a new position in shares of Frontdoor in the first quarter valued at $38,710,000. 98.68% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of FTDR stock opened at $22.88 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 100.00. The business has a 50-day moving average price of $25.28 and a two-hundred day moving average price of $27.35. Frontdoor, Inc. has a 12-month low of $20.30 and a 12-month high of $48.66. The firm has a market cap of $1.86 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 0.99 and a beta of 0.49.
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 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 for the quarter, compared to the consensus estimate of $476.55 million. During the same period last year, the firm earned $0.76 EPS. The company's revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts anticipate that Frontdoor, Inc. will post 0.98 EPS for the current fiscal year.Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on FTDR. The Goldman Sachs Group cut Frontdoor from a "neutral" rating to a "sell" rating and reduced their price target for the company from $27.00 to $21.00 in a research report on Thursday, June 9th. Oppenheimer reduced their price target on Frontdoor from $41.00 to $34.00 in a research report on Friday, May 6th. Raymond James reduced their target price on Frontdoor from $31.00 to $27.00 and set an "outperform" rating for the company in a research report on Friday, August 5th. Finally, Truist Financial cut Frontdoor from a "buy" rating to a "hold" rating and reduced their target price for the stock from $32.00 to $29.00 in a research report on Monday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Frontdoor currently has a consensus rating of "Hold" and a consensus price target of $33.50.
Frontdoor 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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