Frontdoor Inc. $FTDR Shares Bought by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio increased its holdings in Frontdoor Inc. by 5.6% during the 2nd quarter, now owning about 0.11% of the company, valued at $4.64 million.
• Frontdoor reported earnings of $1.63 per share for the last quarter, beating analyst expectations of $1.44 and showcasing a 13.8% year-over-year revenue growth.
• Multiple brokerages have recently adjusted their price targets for Frontdoor, with Goldman Sachs setting a target price of $50.00 and Zacks Research upgrading the stock to a strong-buy rating.

Public Employees Retirement System of Ohio increased its holdings in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 5.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,660 shares of the company's stock after buying an additional 4,200 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.11% of Frontdoor worth $4,636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Boston Partners grew its stake in shares of Frontdoor by 1.2% during the 1st quarter. Boston Partners now owns 5,980,271 shares of the company's stock worth $229,891,000 after purchasing an additional 68,733 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in shares of Frontdoor by 33.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,752,723 shares of the company's stock worth $105,760,000 after purchasing an additional 685,148 shares during the period. Reinhart Partners LLC. grew its stake in shares of Frontdoor by 16.2% during 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 during the period. Invesco Ltd. grew its stake in shares of Frontdoor by 46.9% during 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 during the period. Finally, Northern Trust Corp grew its stake in shares of Frontdoor by 3.2% during the 1st quarter. Northern Trust Corp now owns 963,544 shares of the company's stock worth $37,019,000 after purchasing an additional 29,892 shares during the period.

Insider Activity at Frontdoor

In other 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 transaction, the senior vice president owned 34,646 shares in the company, valued at $1,945,372.90. The trade was a 78.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.48% of the stock is currently owned by corporate insiders.

Frontdoor Trading Down 0.4%

Shares of FTDR stock opened at $66.68 on Tuesday. The stock's fifty day moving average is $61.50 and its two-hundred day moving average is $53.89. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market capitalization of $4.86 billion, a P/E ratio of 19.67 and a beta of 1.34. Frontdoor Inc. has a fifty-two week low of $35.61 and a fifty-two week high of $68.86.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FTDR. The Goldman Sachs Group raised their price objective on shares of Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. raised their price objective 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. Zacks Research raised shares of Frontdoor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 27th. Truist Financial raised their price objective on shares of Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Oppenheimer lifted 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. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Frontdoor currently has an average rating of "Moderate Buy" and an average target price of $59.75.

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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