Rhumbline Advisers Lowers Stake in Frontdoor Inc. $FTDR

Rhumbline Advisers cut its stake in Frontdoor Inc. (NASDAQ:FTDR) by 1.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 208,392 shares of the company’s stock after selling 2,054 shares during the period. Rhumbline Advisers owned about 0.29% of Frontdoor worth $12,283,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Hillsdale Investment Management Inc. lifted its stake in Frontdoor by 14.8% during the second quarter. Hillsdale Investment Management Inc. now owns 133,440 shares of the company’s stock worth $7,865,000 after purchasing an additional 17,200 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Frontdoor during the 2nd quarter valued at about $270,000. Willis Investment Counsel lifted its position in Frontdoor by 60.7% in the 2nd quarter. Willis Investment Counsel now owns 52,394 shares of the company’s stock worth $3,088,000 after buying an additional 19,793 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Frontdoor in the second quarter worth approximately $281,000. Finally, Pinnacle Wealth Planning Services Inc. purchased a new stake in Frontdoor in the second quarter worth approximately $351,000.

Frontdoor Stock Up 0.2%

Shares of NASDAQ:FTDR opened at $53.93 on Monday. The stock’s 50-day moving average is $61.33 and its 200 day moving average is $59.69. The company has a market cap of $3.89 billion, a PE ratio of 15.36 and a beta of 1.32. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.73 and a quick ratio of 1.73. Frontdoor Inc. has a 1 year low of $35.61 and a 1 year high of $70.14.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Wednesday, November 5th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.09. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.The business had revenue of $618.00 million during the quarter, compared to analysts’ expectations of $610.77 million. During the same quarter last year, the business posted $1.38 EPS. The business’s revenue was up 14.4% on a year-over-year basis. Frontdoor has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts anticipate that Frontdoor Inc. will post 3.07 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a report on Wednesday, August 6th. Truist Financial boosted their price target on shares of Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Frontdoor in a research note on Tuesday, November 25th. Oppenheimer boosted their target price on Frontdoor from $56.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Finally, Zacks Research cut Frontdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $59.75.

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.