Fox Run Management L.L.C. Acquires 16,991 Shares of Frontdoor Inc. $FTDR

Key Points

• Fox Run Management L.L.C. increased its holdings in Frontdoor Inc. (NASDAQ:FTDR) by 398.9%, bringing its total shares to 21,250 with a value of $816,000.
• Several institutional investors, including New York State Common Retirement Fund, saw significant increases in their positions in Frontdoor during the first quarter, with New York State Common Retirement Fund raising its holdings by 775.3%.
• Analysts have raised their price targets for Frontdoor, with Goldman Sachs setting it at $50 while Oppenheimer increased it to $63, reflecting varied perspectives on the company's stock performance.

Fox Run Management L.L.C. raised its stake in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 398.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,250 shares of the company's stock after purchasing an additional 16,991 shares during the period. Fox Run Management L.L.C.'s holdings in Frontdoor were worth $816,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Frontdoor by 2.3% during the first quarter. Principal Financial Group Inc. now owns 408,982 shares of the company's stock valued at $15,713,000 after buying an additional 9,161 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Frontdoor by 16.5% during the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock valued at $94,000 after buying an additional 347 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Frontdoor by 48.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 24,317 shares of the company's stock valued at $934,000 after buying an additional 7,967 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Frontdoor by 775.3% during the first quarter. New York State Common Retirement Fund now owns 212,552 shares of the company's stock valued at $8,166,000 after buying an additional 188,268 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Frontdoor by 126.1% during the first quarter. Envestnet Asset Management Inc. now owns 138,646 shares of the company's stock valued at $5,327,000 after buying an additional 77,330 shares during the last quarter.

Frontdoor Stock Down 2.6%

Frontdoor stock traded down $1.5710 during midday trading on Wednesday, hitting $58.7290. 231,358 shares of the stock were exchanged, compared to its average volume of 745,832. Frontdoor Inc. has a 52-week low of $35.61 and a 52-week high of $64.91. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 17.36 and a beta of 1.32. The business's 50-day moving average price is $58.10 and its 200-day moving average price is $51.34. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.56.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.19. Frontdoor had a net margin of 13.07% and a return on equity of 125.21%. The business had revenue of $617.00 million for the quarter, compared to analysts' expectations of $602.62 million. During the same period in the previous year, the company earned $1.27 earnings per share. The firm'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. On average, research analysts expect that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FTDR shares. Oppenheimer lifted their price objective on shares of Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. lifted their price objective on shares of Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. The Goldman Sachs Group lifted their price objective on shares of Frontdoor from $44.00 to $50.00 and gave the company a "sell" rating in a report on Wednesday, August 6th. Finally, Truist Financial lifted their price objective on shares of Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $59.75.

Insiders Place Their Bets

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

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.