9,109 Shares in Frontdoor Inc. $FTDR Purchased by Gallacher Capital Management LLC

Gallacher Capital Management LLC bought a new stake in Frontdoor Inc. (NASDAQ:FTDR) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,109 shares of the company’s stock, valued at approximately $482,000.

Several other institutional investors have also modified their holdings of the company. Private Trust Co. NA lifted its position in Frontdoor by 256.3% in the 4th quarter. Private Trust Co. NA now owns 563 shares of the company’s stock valued at $32,000 after purchasing an additional 405 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Frontdoor by 164.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock worth $47,000 after acquiring an additional 497 shares during the period. Quarry LP lifted its position in Frontdoor by 429.5% in the third quarter. Quarry LP now owns 879 shares of the company’s stock worth $59,000 after purchasing an additional 713 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Frontdoor by 8,376.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock valued at $64,000 after buying an additional 1,089 shares during the period. Finally, Huntington National Bank lifted its holdings in Frontdoor by 18.8% in the 4th quarter. Huntington National Bank now owns 1,723 shares of the company’s stock valued at $99,000 after acquiring an additional 273 shares during the last quarter.

Frontdoor Stock Performance

Shares of FTDR opened at $75.69 on Friday. The company has a market capitalization of $5.32 billion, a PE ratio of 21.69 and a beta of 1.46. The company has a debt-to-equity ratio of 4.95, a quick ratio of 1.47 and a current ratio of 1.47. The company’s 50 day moving average price is $68.89 and its 200 day moving average price is $62.96. Frontdoor Inc. has a 52 week low of $48.47 and a 52 week high of $80.73.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Thursday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. The company had revenue of $451.00 million during the quarter, compared to the consensus estimate of $442.28 million. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.64 EPS. Research analysts expect that Frontdoor Inc. will post 4.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FTDR. Weiss Ratings cut shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. Benchmark started coverage on shares of Frontdoor in a report on Thursday, March 26th. They set a “buy” rating and a $80.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.00.

Frontdoor Profile

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.