Legal & General Group Plc Sells 11,094 Shares of Frontdoor Inc. $FTDR

Legal & General Group Plc decreased its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR) by 5.3% during the second quarter, HoldingsChannel reports. The fund owned 199,707 shares of the company’s stock after selling 11,094 shares during the quarter. Legal & General Group Plc’s holdings in Frontdoor were worth $11,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Bessemer Group Inc. grew its position in shares of Frontdoor by 322.1% in the second quarter. Bessemer Group Inc. now owns 515 shares of the company’s stock valued at $30,000 after purchasing an additional 393 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Frontdoor during the 1st quarter valued at $42,000. Huntington National Bank lifted its holdings in Frontdoor by 56.0% during the 2nd quarter. Huntington National Bank now owns 1,482 shares of the company’s stock worth $87,000 after purchasing an additional 532 shares in the last quarter. US Bancorp DE boosted its stake in Frontdoor by 22.5% in the 1st quarter. US Bancorp DE now owns 3,008 shares of the company’s stock worth $116,000 after purchasing an additional 553 shares during the period. Finally, Blue Trust Inc. grew its holdings in Frontdoor by 9.1% during the 2nd quarter. Blue Trust Inc. now owns 3,032 shares of the company’s stock valued at $179,000 after buying an additional 252 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FTDR. The Goldman Sachs Group increased their price target on shares of Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a report on Wednesday, August 6th. Truist Financial increased their target price on shares of Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Oppenheimer boosted their price target on shares of Frontdoor from $56.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Frontdoor in a report on Tuesday, November 25th. Finally, Wall Street Zen cut Frontdoor from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $59.75.

Frontdoor Price Performance

Shares of NASDAQ:FTDR opened at $53.93 on Monday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 3.64. The stock has a market cap of $3.89 billion, a PE ratio of 15.36 and a beta of 1.32. The company’s fifty day moving average is $61.33 and its 200 day moving average is $59.69. Frontdoor Inc. has a 52 week low of $35.61 and a 52 week high of $70.14.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. The firm had revenue of $618.00 million for the quarter, compared to analysts’ expectations of $610.77 million. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the firm earned $1.38 earnings per share. Frontdoor has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Frontdoor Company Profile

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company’s home warranty customers subscribe to an annual service plan agreement that covers 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 heating, ventilation, and air conditioning systems.