Campbell & CO Investment Adviser LLC Buys Shares of 47,231 Frontdoor Inc. $FTDR

Key Points

• Campbell & CO Investment Adviser LLC has acquired 47,231 shares of Frontdoor Inc. (NASDAQ:FTDR) valued at approximately $1.8 million, representing a 0.06% ownership stake.
• Frontdoor reported better-than-expected quarterly earnings with an EPS of $1.63, exceeding the consensus estimate of $1.44, alongside a revenue increase of 13.8% year-over-year to $617 million.
• Several research firms have revised their price targets on Frontdoor, with Oppenheimer raising theirs to $63.00 and Truist Financial to $71.00, reflecting a positive outlook for the stock.

Campbell & CO Investment Adviser LLC acquired a new stake in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 47,231 shares of the company's stock, valued at approximately $1,815,000. Campbell & CO Investment Adviser LLC owned approximately 0.06% of Frontdoor as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FTDR. LPL Financial LLC acquired a new stake in Frontdoor during the 4th quarter valued at approximately $336,000. Mariner LLC grew its stake in Frontdoor by 4.0% during the 4th quarter. Mariner LLC now owns 7,311 shares of the company's stock valued at $400,000 after purchasing an additional 284 shares in the last quarter. First Trust Advisors LP grew its position in shares of Frontdoor by 1.5% in the 4th quarter. First Trust Advisors LP now owns 130,569 shares of the company's stock worth $7,138,000 after acquiring an additional 1,934 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Frontdoor by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,791,666 shares of the company's stock worth $97,952,000 after acquiring an additional 10,192 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in shares of Frontdoor by 2.8% in the 4th quarter. MetLife Investment Management LLC now owns 46,105 shares of the company's stock worth $2,521,000 after acquiring an additional 1,276 shares in the last quarter.

Frontdoor Stock Performance

NASDAQ:FTDR traded up $0.37 during midday trading on Friday, reaching $60.75. 774,757 shares of the company traded hands, compared to its average volume of 720,552. Frontdoor Inc. has a twelve month low of $35.61 and a twelve month high of $64.91. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 17.92 and a beta of 1.34. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.49 and a quick ratio of 1.49. The company has a fifty day moving average price of $58.58 and a 200 day moving average price of $51.36.

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

Analysts Set New Price Targets

Several research analysts have recently commented on FTDR shares. The Goldman Sachs Group lifted their target price on Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, August 6th. Oppenheimer lifted their target price on Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. lifted their target price on Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. Zacks Research upgraded Frontdoor from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Finally, Truist Financial lifted their target price on Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $59.75.

Insiders Place Their Bets

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of Frontdoor stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the sale, the senior vice president owned 34,646 shares of the company's stock, valued at $1,945,372.90. The trade was a 78.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.48% of the stock is owned by insiders.

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.