TD Asset Management Inc Sells 7,598 Shares of Frontdoor Inc. $FTDR

TD Asset Management Inc lessened its stake in Frontdoor Inc. (NASDAQ:FTDR) by 29.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,018 shares of the company’s stock after selling 7,598 shares during the quarter. TD Asset Management Inc’s holdings in Frontdoor were worth $1,212,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Arizona State Retirement System boosted its holdings in Frontdoor by 0.9% during the third quarter. Arizona State Retirement System now owns 21,758 shares of the company’s stock worth $1,464,000 after buying an additional 193 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Frontdoor by 10.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,470 shares of the company’s stock worth $165,000 after acquiring an additional 233 shares during the last quarter. GAMMA Investing LLC grew its holdings in Frontdoor by 6.9% during the third quarter. GAMMA Investing LLC now owns 3,726 shares of the company’s stock valued at $251,000 after purchasing an additional 240 shares during the period. Snowden Capital Advisors LLC increased its stake in Frontdoor by 4.1% in the second quarter. Snowden Capital Advisors LLC now owns 6,407 shares of the company’s stock valued at $378,000 after purchasing an additional 250 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in Frontdoor by 15.7% in the third quarter. Nisa Investment Advisors LLC now owns 1,848 shares of the company’s stock worth $124,000 after purchasing an additional 251 shares during the period.

Frontdoor Stock Performance

FTDR opened at $68.13 on Friday. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 19.98 and a beta of 1.31. The business’s 50-day moving average price is $59.33 and its two-hundred day moving average price is $60.07. Frontdoor Inc. has a 1 year low of $35.61 and a 1 year high of $70.77. The company has a debt-to-equity ratio of 4.73, a current ratio of 1.55 and a quick ratio of 1.55.

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

Analyst Ratings Changes

FTDR has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised shares of Frontdoor from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $50.00 to $67.00 in a research report on Monday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Frontdoor in a report on Monday, December 29th. Wall Street Zen upgraded Frontdoor from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Oppenheimer reiterated an “outperform” rating and set a $70.00 price objective on shares of Frontdoor in a report on Thursday, February 26th. Finally, Truist Financial set a $71.00 price objective on Frontdoor in a research report on Monday, January 26th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $65.75.

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.