Archford Capital Strategies LLC Takes Position in Frontdoor Inc. (NASDAQ:FTDR)

Archford Capital Strategies LLC acquired a new stake in Frontdoor Inc. (NASDAQ:FTDR - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,609 shares of the company's stock, valued at approximately $715,000.

A number of other large investors have also recently made changes to their positions in FTDR. Wasatch Advisors LP bought a new position in shares of Frontdoor during the fourth quarter valued at about $56,507,000. Price T Rowe Associates Inc. MD lifted its position in shares of Frontdoor by 621.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 881,083 shares of the company's stock valued at $48,169,000 after purchasing an additional 758,947 shares in the last quarter. Reinhart Partners LLC. lifted its position in shares of Frontdoor by 16.2% during the first quarter. Reinhart Partners LLC. now owns 2,368,684 shares of the company's stock valued at $91,005,000 after purchasing an additional 331,066 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Frontdoor during the fourth quarter valued at about $17,465,000. Finally, Norges Bank bought a new position in shares of Frontdoor during the fourth quarter valued at about $14,358,000.

Wall Street Analyst Weigh In

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

Frontdoor Stock Performance

FTDR stock traded up $0.72 during mid-day trading on Friday, hitting $58.59. The company had a trading volume of 1,028,078 shares, compared to its average volume of 724,872. The firm has a market cap of $4.31 billion, a PE ratio of 18.96 and a beta of 1.27. The company has a debt-to-equity ratio of 5.88, a quick ratio of 1.34 and a current ratio of 1.34. Frontdoor Inc. has a 12 month low of $32.95 and a 12 month high of $63.49. The stock's fifty day moving average price is $53.09 and its two-hundred day moving average price is $51.03.

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

Frontdoor Company 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.