11,543 Shares in Frontdoor Inc. $FTDR Purchased by Empirical Asset Management LLC

Empirical Asset Management LLC purchased a new stake in shares of Frontdoor Inc. (NASDAQ:FTDR) in the 2nd quarter, Holdings Channel reports. The fund purchased 11,543 shares of the company’s stock, valued at approximately $896,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Swedbank AB increased its position in Frontdoor by 6.0% during the 4th quarter. Swedbank AB now owns 1,283,600 shares of the company’s stock valued at $74,051,000 after purchasing an additional 73,000 shares during the period. KBC Group NV raised its holdings in shares of Frontdoor by 271.7% in the 4th quarter. KBC Group NV now owns 27,360 shares of the company’s stock valued at $1,578,000 after purchasing an additional 20,000 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Frontdoor in the 1st quarter worth approximately $1,793,000. California State Teachers Retirement System lifted its position in shares of Frontdoor by 20.2% in the 1st quarter. California State Teachers Retirement System now owns 82,866 shares of the company’s stock worth $4,380,000 after purchasing an additional 13,941 shares during the period. Finally, Bessemer Group Inc. boosted its stake in shares of Frontdoor by 38.2% during the first quarter. Bessemer Group Inc. now owns 110,559 shares of the company’s stock valued at $5,844,000 after purchasing an additional 30,576 shares in the last quarter.

Frontdoor Price Performance

Shares of FTDR opened at $82.92 on Wednesday. The company has a 50 day moving average of $75.99 and a two-hundred day moving average of $66.00. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 3.98. Frontdoor Inc. has a twelve month low of $48.47 and a twelve month high of $93.43. The company has a market cap of $5.71 billion, a price-to-earnings ratio of 21.99 and a beta of 1.47.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.17. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%.The business had revenue of $645.00 million for the quarter, compared to the consensus estimate of $643.40 million. During the same period in the prior year, the firm posted $1.63 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, analysts predict that Frontdoor Inc. will post 4.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on FTDR. Weiss Ratings lowered shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. Oppenheimer upped their target price on Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Benchmark lifted their price target on Frontdoor from $80.00 to $96.00 and gave the company a “buy” rating in a report on Friday, August 7th. The Goldman Sachs Group reissued a “neutral” rating on shares of Frontdoor in a research report on Friday, August 7th. Finally, Truist Financial upped their price objective on Frontdoor from $82.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Frontdoor currently has an average rating of “Moderate Buy” and an average price target of $92.00.

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.