AQR Capital Management LLC Has $5.79 Million Stock Holdings in Frontdoor Inc. $FTDR

Key Points

• AQR Capital Management LLC significantly increased its stake in Frontdoor Inc. by 100.5% during the first quarter, holding approximately 154,842 shares worth about $5.79 million.
• Frontdoor's latest earnings report showed a revenue of $617 million for the quarter, exceeding analyst expectations, along with earnings per share of $1.63.
• Analyst ratings for Frontdoor vary, with Truist Financial setting a price target of $71 and Goldman Sachs lowering its target to $50, resulting in an average consensus target price of $59.75.

AQR Capital Management LLC raised its position in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 100.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,842 shares of the company's stock after buying an additional 77,599 shares during the quarter. AQR Capital Management LLC owned 0.21% of Frontdoor worth $5,788,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Boston Partners grew its holdings 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 buying an additional 68,733 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings 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 buying an additional 685,148 shares in the last quarter. Reinhart Partners LLC. grew its holdings in Frontdoor by 16.2% in the 1st quarter. Reinhart Partners LLC. now owns 2,368,684 shares of the company's stock valued at $91,005,000 after buying an additional 331,066 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Frontdoor by 46.9% during the 1st quarter. Invesco Ltd. now owns 1,223,776 shares of the company's stock worth $47,017,000 after purchasing an additional 390,434 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Frontdoor by 3.2% during the 1st quarter. Northern Trust Corp now owns 963,544 shares of the company's stock worth $37,019,000 after purchasing an additional 29,892 shares in the last quarter.

Frontdoor Stock Performance

NASDAQ:FTDR opened at $66.30 on Friday. The stock's 50-day simple moving average is $59.57 and its 200 day simple moving average is $51.84. The firm has a market capitalization of $4.83 billion, a PE ratio of 19.56 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 Inc. has a twelve month low of $35.61 and a twelve month high of $67.26.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.19. The business had revenue of $617.00 million for the quarter, compared to analyst estimates of $602.62 million. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.Frontdoor's revenue was up 13.8% compared to the same quarter last year. During the same period last year, the firm posted $1.27 earnings per share. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts anticipate that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FTDR. Truist Financial increased their target price on Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. The Goldman Sachs Group increased their target price on Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a report on Wednesday, August 6th. Oppenheimer increased their target price on Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. increased their target price on Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Finally, Zacks Research raised Frontdoor from a "hold" rating to a "strong-buy" rating in a report 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $59.75.

Insider Buying and Selling

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $56.15, for a total value of $7,281,138.95. Following the completion of the transaction, the senior vice president directly owned 34,646 shares in the company, valued at approximately $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 can be accessed through this link. Corporate insiders own 1.48% of the company's stock.

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.

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