Cavalier Investments LLC Purchases New Position in Frontdoor Inc. (NASDAQ:FTDR)

Cavalier Investments LLC purchased a new stake in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 30,692 shares of the company's stock, valued at approximately $1,179,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Frontdoor by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 9,674,278 shares of the company's stock valued at $528,893,000 after acquiring an additional 78,134 shares in the last quarter. FIL Ltd increased its position in Frontdoor by 8.3% during the 4th quarter. FIL Ltd now owns 2,410,561 shares of the company's stock valued at $131,785,000 after purchasing an additional 184,051 shares during the period. Reinhart Partners LLC. raised its holdings in Frontdoor by 16.2% in the 1st quarter. Reinhart Partners LLC. now owns 2,368,684 shares of the company's stock worth $91,005,000 after purchasing an additional 331,066 shares in the last quarter. Geode Capital Management LLC raised its holdings in Frontdoor by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,127,553 shares of the company's stock worth $116,336,000 after purchasing an additional 14,079 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its position in shares of Frontdoor by 6.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,067,575 shares of the company's stock worth $113,034,000 after purchasing an additional 122,981 shares during the period.

Frontdoor Price Performance

Shares of NASDAQ FTDR opened at $57.87 on Friday. Frontdoor Inc. has a fifty-two week low of $32.95 and a fifty-two week high of $63.49. The company has a 50 day simple moving average of $52.71 and a two-hundred day simple moving average of $51.14. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 18.73 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 (NASDAQ:FTDR - Get Free Report) last posted its quarterly 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 the consensus estimate of $416.37 million. During the same quarter in the prior year, the business posted $0.44 EPS. The firm's quarterly revenue was up 12.7% compared to the same quarter last year. Analysts expect that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FTDR has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on shares of Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. The Goldman Sachs Group lowered their target price on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Monday, March 3rd.

About Frontdoor

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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