Frontdoor, Inc. (NASDAQ:FTDR) Stock Position Increased by Reinhart Partners LLC.

Reinhart Partners LLC. boosted its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 16.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,368,684 shares of the company's stock after purchasing an additional 331,066 shares during the quarter. Frontdoor comprises 3.3% of Reinhart Partners LLC.'s portfolio, making the stock its 6th biggest holding. Reinhart Partners LLC. owned 3.17% of Frontdoor worth $91,005,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FTDR. Bessemer Group Inc. increased its stake in Frontdoor by 514.7% in the 4th quarter. Bessemer Group Inc. now owns 627 shares of the company's stock worth $34,000 after acquiring an additional 525 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of Frontdoor by 12.9% in the 4th quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock worth $87,000 after purchasing an additional 183 shares during the period. Blue Trust Inc. grew its position in Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after acquiring an additional 1,239 shares during the last quarter. Nkcfo LLC bought a new position in Frontdoor in the 4th quarter valued at $96,000. Finally, Smartleaf Asset Management LLC grew its position in Frontdoor by 360.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,484 shares of the company's stock valued at $136,000 after acquiring an additional 1,945 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FTDR. Truist Financial boosted their price target on Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. The Goldman Sachs Group reduced their price target on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. boosted their price target on Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd.

Frontdoor Stock Down 0.8%

NASDAQ:FTDR traded down $0.47 during mid-day trading on Tuesday, hitting $56.73. 517,599 shares of the company's stock traded hands, compared to its average volume of 732,271. The company has a fifty day moving average of $48.25 and a 200 day moving average of $51.15. Frontdoor, Inc. has a twelve month low of $32.95 and a twelve month high of $63.49. The company has a market capitalization of $4.17 billion, a P/E ratio of 18.78 and a beta of 1.27. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.27. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The company had revenue of $426.00 million for the quarter, compared to analyst estimates of $416.37 million. During the same period in the prior year, the company posted $0.44 EPS. The firm's quarterly revenue was up 12.7% compared to the same quarter last year. On average, analysts forecast that Frontdoor, Inc. will post 3.07 EPS for the current year.

Frontdoor Company 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.