Charles Schwab Investment Management Inc. Sells 64,352 Shares of Frontdoor Inc. $FTDR

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Frontdoor Inc. by 6.7%, selling 64,352 shares and holding 898,489 shares valued at approximately $34.52 million at the end of the first quarter.
• Several institutional investors increased their positions in Frontdoor, with the New York State Common Retirement Fund making the most significant increase of 775.3%, owning 212,552 shares worth around $8.17 million.
• Frontdoor reported a 13.8% increase in revenue in its last earnings, with earnings per share hitting $1.63, surpassing analysts' expectations of $1.44.

Charles Schwab Investment Management Inc. lowered its stake in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 6.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 898,489 shares of the company's stock after selling 64,352 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.22% of Frontdoor worth $34,520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. IFP Advisors Inc raised its holdings in shares of Frontdoor by 80,766.7% in the 1st quarter. IFP Advisors Inc now owns 2,426 shares of the company's stock worth $93,000 after acquiring an additional 2,423 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Frontdoor by 16.5% in the 1st quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock worth $94,000 after acquiring an additional 347 shares during the last quarter. CWM LLC raised its holdings in shares of Frontdoor by 91.2% in the 1st quarter. CWM LLC now owns 2,574 shares of the company's stock worth $99,000 after acquiring an additional 1,228 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Frontdoor by 70.3% in the 1st quarter. Blue Trust Inc. now owns 2,780 shares of the company's stock worth $107,000 after acquiring an additional 1,148 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Frontdoor by 22.5% in the 1st quarter. US Bancorp DE now owns 3,008 shares of the company's stock worth $116,000 after acquiring an additional 553 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, SVP Jeffrey Fiarman sold 129,673 shares of Frontdoor stock in a transaction on 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 owned 34,646 shares in the company, valued at $1,945,372.90. This trade represents a 78.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.48% of the stock is currently owned by insiders.

Frontdoor Price Performance

Shares of Frontdoor stock traded up $0.9850 on Friday, hitting $59.6550. 269,811 shares of the company traded hands, compared to its average volume of 743,686. The company has a market cap of $4.35 billion, a P/E ratio of 17.60 and a beta of 1.32. The firm's 50-day simple moving average is $58.19 and its 200 day simple moving average is $51.40. Frontdoor Inc. has a 12-month low of $35.61 and a 12-month high of $64.91. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.19. The company had revenue of $617.00 million for the quarter, compared to analysts' expectations of $602.62 million. Frontdoor had a net margin of 13.07% and a return on equity of 125.21%. The firm's revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.27 EPS. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts expect that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

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.