LRI Investments LLC Acquires Shares of 6,856 Frontdoor, Inc. (NASDAQ:FTDR)

LRI Investments LLC acquired a new stake in Frontdoor, Inc. (NASDAQ:FTDR) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,856 shares of the company’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co boosted its holdings in Frontdoor by 22.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 125,556 shares of the company’s stock worth $4,092,000 after buying an additional 23,194 shares during the period. Covestor Ltd boosted its holdings in Frontdoor by 288.6% in the 1st quarter. Covestor Ltd now owns 1,154 shares of the company’s stock worth $38,000 after buying an additional 857 shares during the period. Vanguard Group Inc. boosted its holdings in Frontdoor by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company’s stock worth $331,636,000 after buying an additional 373,091 shares during the period. Jupiter Asset Management Ltd. boosted its holdings in Frontdoor by 664.5% in the 1st quarter. Jupiter Asset Management Ltd. now owns 247,541 shares of the company’s stock worth $8,065,000 after buying an additional 215,160 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Frontdoor by 31.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 30,913 shares of the company’s stock worth $1,007,000 after buying an additional 7,410 shares during the period.

Frontdoor Stock Up 3.4 %

NASDAQ:FTDR traded up $1.25 during mid-day trading on Friday, hitting $38.17. 559,474 shares of the company’s stock were exchanged, compared to its average volume of 696,860. Frontdoor, Inc. has a one year low of $28.25 and a one year high of $38.97. The company has a debt-to-equity ratio of 3.54, a current ratio of 1.14 and a quick ratio of 1.14. The business has a fifty day moving average price of $35.37 and a 200 day moving average price of $33.44. The company has a market cap of $2.97 billion, a PE ratio of 16.74 and a beta of 1.00.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Thursday, May 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.23. The business had revenue of $378.00 million during the quarter, compared to analysts’ expectations of $376.36 million. Frontdoor had a net margin of 10.27% and a return on equity of 132.00%. Equities analysts predict that Frontdoor, Inc. will post 2.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company increased their target price on shares of Frontdoor from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Monday, May 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $40.00.

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.