Louisiana State Employees Retirement System Purchases New Holdings in Frontdoor Inc. $FTDR

Louisiana State Employees Retirement System purchased a new stake in Frontdoor Inc. (NASDAQ:FTDR) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 32,000 shares of the company’s stock, valued at approximately $1,692,000.

Several other institutional investors also recently modified their holdings of FTDR. Blue Trust Inc. increased its position in shares of Frontdoor by 33.4% during the first quarter. Blue Trust Inc. now owns 4,183 shares of the company’s stock valued at $221,000 after purchasing an additional 1,047 shares during the period. Evolve Private Wealth LLC boosted its stake in Frontdoor by 2.8% during the first quarter. Evolve Private Wealth LLC now owns 11,312 shares of the company’s stock worth $598,000 after buying an additional 312 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Frontdoor during the first quarter worth $2,660,000. Hsbc Holdings PLC increased its holdings in Frontdoor by 3.3% in the 4th quarter. Hsbc Holdings PLC now owns 34,673 shares of the company’s stock valued at $2,000,000 after buying an additional 1,093 shares during the period. Finally, Rockefeller Capital Management L.P. increased its holdings in Frontdoor by 248.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,474 shares of the company’s stock valued at $143,000 after buying an additional 1,765 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen downgraded shares of Frontdoor from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Benchmark began coverage on shares of Frontdoor in a research note on Thursday, March 26th. They set a “buy” rating and a $80.00 price target for the company. Finally, Weiss Ratings downgraded Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

Frontdoor Stock Performance

Frontdoor stock opened at $78.44 on Thursday. The firm has a market capitalization of $5.51 billion, a P/E ratio of 22.48 and a beta of 1.46. The stock has a fifty day moving average price of $65.82 and a two-hundred day moving average price of $61.37. Frontdoor Inc. has a 52-week low of $48.47 and a 52-week high of $80.05. The company has a debt-to-equity ratio of 4.95, a current ratio of 1.47 and a quick ratio of 1.47.

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

Frontdoor Company 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.