Reinhart Partners LLC. Sells 494,982 Shares of Frontdoor Inc. $FTDR

Key Points

• Reinhart Partners LLC reduced its shareholding in Frontdoor Inc. by 20.9% in the second quarter, owning approximately 1.87 million shares after selling nearly 495,000 shares.
• Several hedge funds have adjusted their positions in Frontdoor, including Voya Investment Management, which increased its stake by 33.5%, now holding over 55,000 shares.
• Analysts have upgraded Frontdoor's rating to "strong buy", with price targets ranging from $50.00 to $71.00, reflecting increased investor confidence in the company's performance.

Reinhart Partners LLC. lowered its stake in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 20.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,873,702 shares of the company's stock after selling 494,982 shares during the period. Frontdoor makes up approximately 3.8% of Reinhart Partners LLC.'s portfolio, making the stock its 4th biggest holding. Reinhart Partners LLC. owned about 2.55% of Frontdoor worth $110,437,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FTDR. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Frontdoor in the first quarter valued at $42,000. IFP Advisors Inc increased its position 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 purchasing an additional 2,423 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Frontdoor by 16.5% during the 1st quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock worth $94,000 after buying an additional 347 shares during the last quarter. CWM LLC lifted its holdings in Frontdoor by 91.2% during the 1st quarter. CWM LLC now owns 2,574 shares of the company's stock worth $99,000 after buying an additional 1,228 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Frontdoor by 70.3% during the 1st quarter. Blue Trust Inc. now owns 2,780 shares of the company's stock worth $107,000 after purchasing an additional 1,148 shares during the period.

Analyst Ratings Changes

Several research firms recently commented on FTDR. Zacks Research upgraded Frontdoor from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 27th. JPMorgan Chase & Co. raised their target price on Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd. Oppenheimer lifted their price target on Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Truist Financial raised their price objective on Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group raised their target price on Frontdoor from $44.00 to $50.00 and gave the company a "sell" rating in a report on Wednesday, August 6th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $59.75.

Frontdoor Stock Performance

FTDR stock traded down $0.20 during mid-day trading on Friday, hitting $66.88. 1,714,767 shares of the company were exchanged, compared to its average volume of 613,555. The business has a 50 day simple moving average of $60.38 and a 200-day simple moving average of $52.60. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56. The stock has a market capitalization of $4.87 billion, a PE ratio of 19.73 and a beta of 1.34. Frontdoor Inc. has a 1-year low of $35.61 and a 1-year high of $67.55.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.63 EPS 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 company had revenue of $617.00 million for the quarter, compared to analysts' expectations of $602.62 million. During the same period last year, the firm earned $1.27 earnings per share. The business's revenue for the quarter was up 13.8% on a year-over-year basis. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts forecast that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Insider Activity at Frontdoor

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the transaction, the senior vice president directly owned 34,646 shares of the company's stock, valued at approximately $1,945,372.90. This trade represents a 78.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.48% of the company's stock.

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.