Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 31.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,487,510 shares of the company’s stock after selling 688,546 shares during the quarter. Victory Capital Management Inc.’s holdings in Frontdoor were worth $71,386,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Frontdoor by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company’s stock valued at $331,636,000 after buying an additional 373,091 shares during the period. Boston Partners increased its stake in shares of Frontdoor by 8.9% during the first quarter. Boston Partners now owns 6,198,543 shares of the company’s stock worth $201,662,000 after acquiring an additional 506,217 shares during the period. Reinhart Partners LLC. increased its stake in shares of Frontdoor by 1.8% during the second quarter. Reinhart Partners LLC. now owns 2,330,937 shares of the company’s stock worth $78,762,000 after acquiring an additional 42,169 shares during the period. Dimensional Fund Advisors LP raised its holdings in Frontdoor by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,787,539 shares of the company’s stock worth $60,402,000 after purchasing an additional 89,301 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Frontdoor by 23.2% in the second quarter. Renaissance Technologies LLC now owns 1,546,519 shares of the company’s stock valued at $52,257,000 after purchasing an additional 291,700 shares during the period.

Frontdoor Stock Down 1.7 %

FTDR opened at $55.56 on Friday. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $58.86. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 18.40 and a beta of 1.03. The business’s fifty day moving average is $50.31 and its two-hundred day moving average is $42.62. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42.

Frontdoor (NASDAQ:FTDR) last posted its earnings results on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.33. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The firm had revenue of $540.00 million during the quarter, compared to the consensus estimate of $541.88 million. During the same period last year, the firm posted $0.94 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Analysts anticipate that Frontdoor, Inc. will post 3.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FTDR shares. JPMorgan Chase & Co. increased their target price on Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, August 12th. The Goldman Sachs Group increased their price objective on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Truist Financial boosted their target price on shares of Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $49.50.

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.