Legal & General Group Plc Reduces Stock Holdings in Frontdoor Inc. $FTDR

Legal & General Group Plc trimmed its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR) by 4.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 180,406 shares of the company’s stock after selling 9,061 shares during the period. Legal & General Group Plc’s holdings in Frontdoor were worth $10,408,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA grew its stake in Frontdoor by 256.3% during the 4th quarter. Private Trust Co. NA now owns 563 shares of the company’s stock worth $32,000 after buying an additional 405 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Frontdoor by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock worth $47,000 after buying an additional 497 shares during the last quarter. Quarry LP grew its stake in Frontdoor by 429.5% during the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock worth $59,000 after buying an additional 713 shares during the last quarter. Global Retirement Partners LLC grew its stake in Frontdoor by 8,376.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock worth $64,000 after buying an additional 1,089 shares during the last quarter. Finally, LSV Asset Management purchased a new position in Frontdoor during the 3rd quarter worth $87,000.

Analysts Set New Price Targets

FTDR has been the topic of several research analyst reports. Benchmark assumed coverage on Frontdoor in a research note on Thursday, March 26th. They set a “buy” rating and a $80.00 target price on the stock. Wall Street Zen downgraded Frontdoor from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Weiss Ratings downgraded Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. Oppenheimer reiterated an “outperform” rating and set a $70.00 price target on shares of Frontdoor in a research note on Thursday, February 26th. Finally, The Goldman Sachs Group upgraded Frontdoor from a “sell” rating to a “neutral” rating and boosted their price target for the company from $50.00 to $67.00 in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Frontdoor presently has an average rating of “Moderate Buy” and a consensus price target of $72.00.

Frontdoor Stock Up 0.2%

Frontdoor stock opened at $62.08 on Thursday. 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 business’s 50-day simple moving average is $60.42 and its two-hundred day simple moving average is $58.82. The company has a market cap of $4.36 billion, a PE ratio of 17.79 and a beta of 1.50. Frontdoor Inc. has a fifty-two week low of $48.47 and a fifty-two week high of $70.77.

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

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.