Bayforest Capital Ltd Takes Position in Frontdoor Inc. $FTDR

Key Points

• Bayforest Capital Ltd has acquired 18,965 shares of Frontdoor Inc. ($FTDR), valued at approximately $1,118,000, making it the company's 21st largest holding.
• Analysts have mixed opinions on Frontdoor's stock, with ratings ranging from a Strong Buy to a Sell, culminating in an average rating of "Moderate Buy" and a consensus target price of $59.75.
• Frontdoor reported $1.63 earnings per share in its last earnings announcement, exceeding estimates, with revenue of $617 million, marking a 13.8% increase year-over-year.

Bayforest Capital Ltd bought a new position in Frontdoor Inc. (NASDAQ:FTDR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 18,965 shares of the company's stock, valued at approximately $1,118,000. Frontdoor accounts for about 0.5% of Bayforest Capital Ltd's holdings, making the stock its 21st largest holding.

A number of other institutional investors have also bought and sold shares of FTDR. Nuveen LLC bought a new position in shares of Frontdoor in the first quarter worth about $32,213,000. Fiera Capital Corp bought a new stake in shares of Frontdoor during the first quarter valued at approximately $28,024,000. Fuller & Thaler Asset Management Inc. grew its stake in Frontdoor by 33.1% during 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 in the last quarter. Invesco Ltd. lifted its stake in Frontdoor by 46.9% in 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, Millennium Management LLC boosted its holdings in shares of Frontdoor by 533.0% during the 1st quarter. Millennium Management LLC now owns 307,497 shares of the company's stock valued at $11,814,000 after purchasing an additional 258,920 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Zacks Research raised Frontdoor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 27th. Weiss Ratings cut shares of Frontdoor from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Oppenheimer upped their price target on shares of 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 price objective on shares of Frontdoor from $44.00 to $50.00 and gave the company a "sell" rating in a research report on Wednesday, August 6th. Finally, Truist Financial boosted their target price on shares of Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently 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 on 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 sale, the senior vice president owned 34,646 shares in the company, valued at $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 SEC, which is available at this hyperlink. 1.48% of the stock is owned by company insiders.

Frontdoor Price Performance

FTDR stock opened at $65.20 on Tuesday. The stock has a market cap of $4.75 billion, a PE ratio of 19.23 and a beta of 1.33. Frontdoor Inc. has a 12 month low of $35.61 and a 12 month high of $69.36. The company has a 50-day moving average price of $63.08 and a 200 day moving average price of $55.88. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced 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 return on equity of 125.21% and a net margin of 13.07%.The business had revenue of $617.00 million during the quarter, compared to analyst estimates of $602.62 million. During the same quarter in the previous year, the business earned $1.27 earnings per share. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share for the current year.

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.

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