Willis Investment Counsel Buys 21,704 Shares of Frontdoor Inc. $FTDR

Willis Investment Counsel raised its stake in Frontdoor Inc. (NASDAQ:FTDR) by 40.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 75,237 shares of the company’s stock after acquiring an additional 21,704 shares during the period. Willis Investment Counsel’s holdings in Frontdoor were worth $4,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of FTDR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Frontdoor by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,846 shares of the company’s stock valued at $1,761,000 after purchasing an additional 1,994 shares during the period. Millennium Management LLC boosted its holdings in Frontdoor by 533.0% in the 1st quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock valued at $11,814,000 after purchasing an additional 258,920 shares during the period. Empowered Funds LLC boosted its holdings in Frontdoor by 10.5% in the 1st quarter. Empowered Funds LLC now owns 11,008 shares of the company’s stock valued at $423,000 after purchasing an additional 1,044 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Frontdoor by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 237,526 shares of the company’s stock valued at $9,126,000 after purchasing an additional 13,134 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Frontdoor by 4.6% in the 2nd quarter. American Century Companies Inc. now owns 50,545 shares of the company’s stock valued at $2,979,000 after purchasing an additional 2,235 shares during the period.

Frontdoor Trading Up 3.7%

Shares of FTDR stock opened at $57.02 on Thursday. Frontdoor Inc. has a 12-month low of $36.85 and a 12-month high of $70.77. The company has a market capitalization of $4.03 billion, a P/E ratio of 16.72 and a beta of 1.41. The firm has a 50-day moving average price of $59.16 and a 200 day moving average price of $59.38. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 4.73.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.12. Frontdoor had a net margin of 12.18% and a return on equity of 120.79%. The firm had revenue of $433.00 million during the quarter, compared to the consensus estimate of $421.62 million. During the same period last year, the firm posted $0.27 EPS. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. Research analysts forecast that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on FTDR. The Goldman Sachs Group raised shares of Frontdoor from a “sell” rating to a “neutral” rating and increased their price target for the company from $50.00 to $67.00 in a report on Monday, March 2nd. Benchmark initiated coverage on shares of Frontdoor in a report on Thursday, March 26th. They issued a “buy” rating and a $80.00 price target for the company. Weiss Ratings downgraded shares of Frontdoor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Oppenheimer reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Frontdoor in a report on Thursday, February 26th. Finally, Wall Street Zen downgraded shares of Frontdoor from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $68.60.

Frontdoor Company 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.