Dimensional Fund Advisors LP Grows Position in Frontdoor Inc. $FTDR

Dimensional Fund Advisors LP grew its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR) by 2.7% in the first quarter, HoldingsChannel.com reports. The fund owned 1,179,376 shares of the company’s stock after purchasing an additional 31,259 shares during the period. Dimensional Fund Advisors LP’s holdings in Frontdoor were worth $62,339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Boston Partners lifted its stake in Frontdoor by 8.5% during the fourth quarter. Boston Partners now owns 5,777,252 shares of the company’s stock worth $333,742,000 after purchasing an additional 454,040 shares during the last quarter. Marshall Wace LLP bought a new stake in Frontdoor in the third quarter worth $23,871,000. Reinhart Partners LLC. lifted its stake in Frontdoor by 25.6% in the fourth quarter. Reinhart Partners LLC. now owns 1,629,152 shares of the company’s stock worth $93,987,000 after purchasing an additional 332,556 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Frontdoor by 309.6% during the second quarter. Cubist Systematic Strategies LLC now owns 431,446 shares of the company’s stock valued at $25,429,000 after buying an additional 326,112 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Frontdoor by 533.0% in the first quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock worth $11,814,000 after buying an additional 258,920 shares during the period.

Frontdoor Price Performance

Shares of NASDAQ FTDR opened at $72.63 on Friday. The company has a debt-to-equity ratio of 4.95, a quick ratio of 1.47 and a current ratio of 1.47. The business has a 50-day simple moving average of $70.99 and a two-hundred day simple moving average of $63.97. Frontdoor Inc. has a fifty-two week low of $48.47 and a fifty-two week high of $80.73. The company has a market cap of $5.10 billion, a PE ratio of 20.81 and a beta of 1.46.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. The firm had revenue of $451.00 million for the quarter, compared to analyst estimates of $442.28 million. Frontdoor had a return on equity of 118.62% and a net margin of 12.22%.The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 earnings per share. As a group, equities analysts expect that Frontdoor Inc. will post 4.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FTDR has been the subject of a number of research reports. Truist Financial set a $82.00 price objective on Frontdoor in a report on Friday, July 24th. Weiss Ratings cut Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.75.

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.