Frontdoor Inc. $FTDR Stock: Westover Capital Advisors LLC Boosts Holdings

Westover Capital Advisors LLC raised its stake in Frontdoor Inc. (NASDAQ:FTDR) by 28.7% in the third quarter, Holdings Channel reports. The firm owned 52,499 shares of the company’s stock after acquiring an additional 11,704 shares during the quarter. Westover Capital Advisors LLC’s holdings in Frontdoor were worth $3,839,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Keating Financial Advisory Services Inc. bought a new position in Frontdoor during the second quarter worth about $25,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Frontdoor in the second quarter valued at approximately $58,000. Global Retirement Partners LLC acquired a new stake in shares of Frontdoor in the second quarter valued at approximately $83,000. Plato Investment Management Ltd bought a new position in shares of Frontdoor during the 2nd quarter worth approximately $83,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Frontdoor during the 2nd quarter worth approximately $100,000.

Frontdoor Price Performance

Shares of FTDR opened at $83.93 on Tuesday. Frontdoor Inc. has a 12-month low of $48.47 and a 12-month high of $93.43. The stock has a market cap of $5.78 billion, a P/E ratio of 22.26 and a beta of 1.53. The business’s fifty day moving average is $79.68 and its 200 day moving average is $68.81. 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 (NASDAQ:FTDR) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.17. The firm had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $643.40 million. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $1.63 earnings per share. Sell-side analysts anticipate that Frontdoor Inc. will post 4.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wolfe Research raised Frontdoor to an “outperform” rating in a report on Monday, August 24th. JPMorgan Chase & Co. initiated coverage on Frontdoor in a research note on Monday, August 24th. They set a “neutral” rating and a $95.00 price objective on the stock. Weiss Ratings raised shares of Frontdoor from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, October 21st. The Goldman Sachs Group reduced their price objective on Frontdoor from $91.00 to $81.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. Finally, Truist Financial upped their price target on shares of Frontdoor from $82.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.40.

Frontdoor Company Profile

Frontdoor, Inc (NASDAQ: FTDR) is a provider of home warranties and related home repair services. The company helps homeowners manage the cost and complexity of maintaining household systems and appliances, including heating and cooling equipment, plumbing, electrical systems, water heaters and major kitchen appliances.

Frontdoor operates primarily through its American Home Shield brand, which offers home service plans and access to a network of professional contractors. The company also provides digital tools and services designed to help homeowners diagnose household problems, request service and connect with qualified professionals.