Vanguard Group Inc. Buys 413,393 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Vanguard Group Inc. increased its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 4.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,556,259 shares of the company’s stock after acquiring an additional 413,393 shares during the quarter. Vanguard Group Inc. owned 12.00% of Frontdoor worth $292,326,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Quarry LP increased its stake in Frontdoor by 340.9% during the 1st quarter. Quarry LP now owns 1,067 shares of the company’s stock valued at $30,000 after purchasing an additional 825 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Frontdoor by 44.1% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,420 shares of the company’s stock valued at $67,000 after purchasing an additional 741 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Frontdoor during the 3rd quarter valued at $88,000. Counterpoint Mutual Funds LLC bought a new stake in Frontdoor during the 3rd quarter valued at $93,000. Finally, PNC Financial Services Group Inc. increased its stake in Frontdoor by 29.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,529 shares of the company’s stock valued at $94,000 after purchasing an additional 1,017 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company decreased their price target on shares of Frontdoor from $40.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $39.40.

Frontdoor Trading Up 2.0 %

Shares of FTDR opened at $32.31 on Thursday. The business’s 50-day moving average price is $32.27 and its 200-day moving average price is $32.70. Frontdoor, Inc. has a twelve month low of $26.09 and a twelve month high of $38.97. The stock has a market cap of $2.53 billion, a PE ratio of 15.24 and a beta of 0.89. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 4.24.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.18. The company had revenue of $366.00 million for the quarter, compared to analysts’ expectations of $360.47 million. Frontdoor had a net margin of 9.66% and a return on equity of 142.80%. Frontdoor’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 earnings per share. On average, equities analysts forecast that Frontdoor, Inc. will post 2.35 EPS for the current fiscal year.

About Frontdoor

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company's home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.