New York State Common Retirement Fund increased its holdings in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 775.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 212,552 shares of the company's stock after purchasing an additional 188,268 shares during the period. New York State Common Retirement Fund owned approximately 0.28% of Frontdoor worth $8,166,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bessemer Group Inc. lifted its holdings in Frontdoor by 514.7% during the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company's stock worth $34,000 after acquiring an additional 525 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Frontdoor by 12.9% in the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock valued at $87,000 after buying an additional 183 shares during the period. GAMMA Investing LLC increased its holdings in Frontdoor by 16.5% in the 1st 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 period. Blue Trust Inc. raised its holdings 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 buying an additional 1,148 shares in the last quarter. Finally, RiverGlades Family Offices LLC bought a new stake in shares of Frontdoor during the fourth quarter worth $219,000.
Frontdoor Stock Down 0.7%
Shares of FTDR opened at $57.78 on Friday. The business's 50 day simple moving average is $56.86 and its 200-day simple moving average is $51.30. The company has a debt-to-equity ratio of 5.88, a current ratio of 1.34 and a quick ratio of 1.34. Frontdoor Inc. has a 1 year low of $35.61 and a 1 year high of $63.49. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 18.70 and a beta of 1.28.
Frontdoor (NASDAQ:FTDR - Get Free Report) last announced 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. The firm had revenue of $426.00 million during the quarter, compared to analysts' expectations of $416.37 million. Frontdoor had a net margin of 12.59% and a return on equity of 121.05%. The company's revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 EPS. As a group, equities analysts expect that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. increased their target price 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.
Read Our Latest Stock Analysis on FTDR
Frontdoor Profile
(
Free Report)
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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