Janus Henderson Group PLC Acquires 317,995 Shares of Frontdoor Inc. $FTDR

Janus Henderson Group PLC grew its holdings in Frontdoor Inc. (NASDAQ:FTDR) by 35.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,220,768 shares of the company’s stock after buying an additional 317,995 shares during the quarter. Janus Henderson Group PLC’s holdings in Frontdoor were worth $64,485,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Wyoming raised its holdings in shares of Frontdoor by 2.5% in the first quarter. State of Wyoming now owns 7,140 shares of the company’s stock valued at $377,000 after buying an additional 177 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Frontdoor by 11.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,065 shares of the company’s stock worth $119,000 after acquiring an additional 217 shares during the last quarter. ProShare Advisors LLC grew its holdings in Frontdoor by 1.7% during the 4th quarter. ProShare Advisors LLC now owns 14,232 shares of the company’s stock worth $821,000 after acquiring an additional 236 shares during the last quarter. Snowden Capital Advisors LLC increased its position in Frontdoor by 4.1% in the 2nd quarter. Snowden Capital Advisors LLC now owns 6,407 shares of the company’s stock valued at $378,000 after acquiring an additional 250 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Frontdoor by 5.0% in the 4th quarter. Bank of Montreal Can now owns 5,296 shares of the company’s stock valued at $306,000 after acquiring an additional 254 shares in the last quarter.

Frontdoor Trading Down 1.2%

Shares of FTDR opened at $72.63 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.95. Frontdoor Inc. has a 12-month low of $48.47 and a 12-month high of $80.73. The firm has a market capitalization of $5.10 billion, a PE ratio of 20.81 and a beta of 1.46. The stock’s fifty day simple moving average is $70.99 and its 200-day simple moving average is $63.97.

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

Analyst Ratings Changes

FTDR has been the subject of a number of research analyst reports. Truist Financial set a $82.00 target price on shares of Frontdoor in a research note on Friday, July 24th. Weiss Ratings lowered shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. One equities 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.75.

About Frontdoor

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.