Teacher Retirement System of Texas Reduces Stake in Frontdoor Inc. $FTDR

Teacher Retirement System of Texas reduced its position in Frontdoor Inc. (NASDAQ:FTDR) by 10.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,167 shares of the company’s stock after selling 23,327 shares during the period. Teacher Retirement System of Texas owned about 0.27% of Frontdoor worth $11,621,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Boston Partners increased its stake in Frontdoor by 1.2% in the 1st quarter. Boston Partners now owns 5,980,271 shares of the company’s stock valued at $229,891,000 after purchasing an additional 68,733 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Frontdoor by 33.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,752,723 shares of the company’s stock valued at $105,760,000 after purchasing an additional 685,148 shares in the last quarter. Invesco Ltd. increased its stake in Frontdoor by 46.9% in the 1st quarter. Invesco Ltd. now owns 1,223,776 shares of the company’s stock valued at $47,017,000 after purchasing an additional 390,434 shares in the last quarter. Northern Trust Corp increased its stake in Frontdoor by 3.2% in the 1st quarter. Northern Trust Corp now owns 963,544 shares of the company’s stock valued at $37,019,000 after purchasing an additional 29,892 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Frontdoor in the 1st quarter valued at approximately $32,213,000.

Insider Activity

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the sale, the senior vice president owned 34,646 shares in the company, valued at $1,945,372.90. This trade represents a 78.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.48% of the stock is owned by company insiders.

Frontdoor Price Performance

FTDR stock opened at $66.17 on Thursday. Frontdoor Inc. has a 52-week low of $35.61 and a 52-week high of $70.14. The stock’s fifty day simple moving average is $65.31 and its 200-day simple moving average is $58.27. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.56. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 19.52 and a beta of 1.33.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.19. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The business had revenue of $617.00 million for the quarter, compared to analysts’ expectations of $602.62 million. During the same quarter last year, the firm earned $1.27 earnings per share. The business’s revenue was up 13.8% on a year-over-year basis. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts expect that Frontdoor Inc. will post 3.07 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FTDR shares. The Goldman Sachs Group raised their price target on Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a research report on Wednesday, August 6th. Truist Financial raised their price target on Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Weiss Ratings raised Frontdoor from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. Oppenheimer raised their price target on Frontdoor from $56.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Finally, Zacks Research downgraded Frontdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Frontdoor currently has a consensus rating of “Hold” and an average target price of $59.75.

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.