California State Teachers Retirement System Buys 13,941 Shares of Frontdoor Inc. $FTDR

Key Points

• California State Teachers Retirement System increased its Frontdoor stake by 20.2% in the first quarter, adding 13,941 shares to own 82,866 shares valued at approximately $4.38 million.
• Frontdoor’s second-quarter results exceeded expectations, with adjusted EPS of $1.93 and revenue of $645 million, up 4.5% year over year. Management also raised full-year revenue guidance to approximately $2.19 billion–$2.21 billion.
• Analyst sentiment remains positive: Benchmark, Truist Financial and Oppenheimer raised their price targets, contributing to a consensus “Moderate Buy” rating and an average target of $92.

California State Teachers Retirement System grew its stake in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 20.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 82,866 shares of the company's stock after acquiring an additional 13,941 shares during the quarter. California State Teachers Retirement System owned about 0.12% of Frontdoor worth $4,380,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Swedbank AB increased its stake in shares of Frontdoor by 6.0% in the 4th quarter. Swedbank AB now owns 1,283,600 shares of the company's stock valued at $74,051,000 after purchasing an additional 73,000 shares during the last quarter. KBC Group NV boosted its stake in shares of Frontdoor by 271.7% in the 4th quarter. KBC Group NV now owns 27,360 shares of the company's stock valued at $1,578,000 after purchasing an additional 20,000 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Frontdoor in the 1st quarter valued at approximately $1,793,000. Bessemer Group Inc. grew its holdings in shares of Frontdoor by 38.2% during the 1st quarter. Bessemer Group Inc. now owns 110,559 shares of the company's stock valued at $5,844,000 after purchasing an additional 30,576 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in Frontdoor by 20.6% during the 1st quarter. Lazard Asset Management LLC now owns 82,367 shares of the company's stock worth $4,354,000 after purchasing an additional 14,064 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have weighed in on FTDR shares. Benchmark raised their target price on shares of Frontdoor from $80.00 to $96.00 and gave the company a "buy" rating in a research report on Friday. Weiss Ratings lowered shares of Frontdoor from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, May 21st. Truist Financial boosted their price objective on shares of Frontdoor from $82.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Frontdoor in a research report on Friday. Finally, Oppenheimer upped their price target on Frontdoor from $70.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $92.00.

More Frontdoor News

Here are the key news stories impacting Frontdoor this week:

• Positive Sentiment: Q2 earnings beat expectations: Frontdoor reported adjusted earnings of $1.93 per share, above the $1.76–$1.78 analyst estimates and up from $1.63 a year ago. Revenue increased 4.5% year over year to $645 million, modestly ahead of the $643.4 million consensus. Frontdoor Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Guidance and operating trends improved: Management raised its full-year revenue outlook to approximately $2.19 billion–$2.21 billion. The outlook reflects returning membership growth and margin expansion, while third-quarter revenue guidance of $642 million–$652 million is above the $641.1 million consensus. FTDR Q2 Deep Dive
• Positive Sentiment: Shareholder returns support sentiment: Frontdoor plans to repurchase up to $330 million of its shares in 2026, which could reduce the share count and provide additional support for earnings per share. Frontdoor Plans 2026 Buybacks
• Positive Sentiment: Analysts became more bullish: Benchmark raised its price target from $80 to $96 and assigned a Buy rating, while Truist increased its target from $82 to $105 and also rated the stock Buy. The revisions indicate greater confidence in Frontdoor’s earnings outlook following the quarterly results. Benzinga analyst updates

Frontdoor Stock Performance

NASDAQ:FTDR opened at $90.83 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.59 and a debt-to-equity ratio of 3.98. Frontdoor Inc. has a twelve month low of $48.47 and a twelve month high of $93.43. The company has a fifty day moving average of $72.99 and a 200-day moving average of $64.73. The firm has a market capitalization of $6.38 billion, a P/E ratio of 24.09 and a beta of 1.47.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.17. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. The business had revenue of $645.00 million for the quarter, compared to analyst estimates of $643.40 million. During the same period in the prior year, the firm earned $1.63 earnings per share. Frontdoor's revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Frontdoor Inc. will post 4.48 EPS for the current year.

Frontdoor Profile

Frontdoor, Inc NASDAQ: FTDR is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.

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