Archford Capital Strategies LLC Takes $715,000 Position in Frontdoor Inc. (NASDAQ:FTDR)

Archford Capital Strategies LLC bought a new stake in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,609 shares of the company's stock, valued at approximately $715,000.

Several other hedge funds have also modified their holdings of the stock. Bessemer Group Inc. raised its position in Frontdoor by 514.7% during the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company's stock valued at $34,000 after buying an additional 525 shares during the period. TD Private Client Wealth LLC raised its position in Frontdoor by 12.9% during the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock valued at $87,000 after buying an additional 183 shares during the period. GAMMA Investing LLC raised its position in Frontdoor by 16.5% during the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock valued at $94,000 after buying an additional 347 shares during the period. Blue Trust Inc. raised its position in Frontdoor by 70.3% during the first quarter. Blue Trust Inc. now owns 2,780 shares of the company's stock valued at $107,000 after buying an additional 1,148 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in Frontdoor by 360.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,484 shares of the company's stock valued at $136,000 after buying an additional 1,945 shares during the period.

Frontdoor Stock Up 1.2%

FTDR stock traded up $0.72 during mid-day trading on Friday, hitting $58.59. The stock had a trading volume of 1,028,078 shares, compared to its average volume of 724,872. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.88. Frontdoor Inc. has a 1-year low of $32.95 and a 1-year high of $63.49. The company has a fifty day moving average of $53.09 and a 200 day moving average of $51.08. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 18.96 and a beta of 1.27.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.27. Frontdoor had a return on equity of 121.05% and a net margin of 12.59%. The company had revenue of $426.00 million for the quarter, compared to analyst estimates of $416.37 million. During the same period in the prior year, the firm posted $0.44 EPS. The business's revenue was up 12.7% compared to the same quarter last year. On average, equities analysts expect that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FTDR shares. JPMorgan Chase & Co. upped their price target on Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group dropped their target price on Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a research report on Monday, March 3rd.

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.