Ancora Advisors LLC Sells 16,405 Shares of Frontdoor Inc. $FTDR

Key Points

• Ancora Advisors LLC has reduced its holdings in Frontdoor Inc. by 11.2%, selling 16,405 shares, leaving them with 129,960 shares valued at approximately $4.99 million.
• Several large investors, including Invesco Ltd. and Fuller & Thaler Asset Management Inc., have increased their positions in Frontdoor during the first quarter, indicating growing interest in the company.
• Frontdoor recently reported earnings of $1.63 per share, exceeding estimates, with a revenue of $617 million for the quarter, reflecting a year-over-year growth of 13.8%.

Ancora Advisors LLC decreased its position in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,960 shares of the company's stock after selling 16,405 shares during the period. Ancora Advisors LLC owned about 0.18% of Frontdoor worth $4,993,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Boston Partners raised its position in shares of Frontdoor by 1.2% in the first quarter. Boston Partners now owns 5,980,271 shares of the company's stock worth $229,891,000 after buying an additional 68,733 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Frontdoor by 33.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,752,723 shares of the company's stock valued at $105,760,000 after acquiring an additional 685,148 shares during the last quarter. Reinhart Partners LLC. increased its stake in Frontdoor by 16.2% in the first quarter. Reinhart Partners LLC. now owns 2,368,684 shares of the company's stock valued at $91,005,000 after acquiring an additional 331,066 shares during the last quarter. Invesco Ltd. increased its stake in Frontdoor by 46.9% in the first quarter. Invesco Ltd. now owns 1,223,776 shares of the company's stock valued at $47,017,000 after acquiring an additional 390,434 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Frontdoor by 3.2% in the first quarter. Northern Trust Corp now owns 963,544 shares of the company's stock valued at $37,019,000 after acquiring an additional 29,892 shares during the last quarter.

Frontdoor Stock Up 3.5%

Shares of FTDR stock traded up $2.22 during trading hours on Monday, hitting $65.27. 849,297 shares of the company's stock traded hands, compared to its average volume of 741,526. The stock's fifty day simple moving average is $58.94 and its two-hundred day simple moving average is $51.47. Frontdoor Inc. has a 12-month low of $35.61 and a 12-month high of $65.38. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 19.25 and a beta of 1.34. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.56.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.19. Frontdoor had a net margin of 13.07% and a return on equity of 125.21%. The firm had revenue of $617.00 million during the quarter, compared to analyst estimates of $602.62 million. During the same period last year, the business 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. On average, analysts expect that Frontdoor Inc. will post 3.07 EPS for the current year.

Insider Buying and Selling at Frontdoor

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

Analysts Set New Price Targets

FTDR has been the topic of a number of research analyst reports. Oppenheimer increased their target price on Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group increased their target price on Frontdoor from $44.00 to $50.00 and gave the company a "sell" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. raised their price objective on Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd. Truist Financial raised their price objective on Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, Zacks Research raised Frontdoor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.75.

Frontdoor Profile

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.