Bank of New York Mellon Corp Has $20.22 Million Position in Frontdoor Inc. (NASDAQ:FTDR)

Bank of New York Mellon Corp decreased its stake in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 1.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 526,253 shares of the company's stock after selling 7,406 shares during the period. Bank of New York Mellon Corp owned 0.71% of Frontdoor worth $20,219,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Wasatch Advisors LP bought a new stake in shares of Frontdoor in the 4th quarter worth approximately $56,507,000. Price T Rowe Associates Inc. MD lifted its position in shares of Frontdoor by 621.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 881,083 shares of the company's stock worth $48,169,000 after buying an additional 758,947 shares during the period. Reinhart Partners LLC. lifted its position 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 buying an additional 331,066 shares during the period. Raymond James Financial Inc. bought a new position in shares of Frontdoor during the 4th quarter worth approximately $17,465,000. Finally, Norges Bank bought a new position in shares of Frontdoor during the 4th quarter worth approximately $14,358,000.

Frontdoor Trading Up 1.6%

NASDAQ:FTDR traded up $0.90 on Tuesday, reaching $58.23. The company's stock had a trading volume of 616,006 shares, compared to its average volume of 712,258. The firm has a market cap of $4.29 billion, a PE ratio of 18.84 and a beta of 1.28. The business's 50-day moving average price is $56.86 and its two-hundred day moving average price is $51.27. Frontdoor Inc. has a 1-year low of $35.61 and a 1-year high of $63.49. The company has a debt-to-equity ratio of 5.88, a quick ratio of 1.34 and a current ratio of 1.34.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.27. Frontdoor had a return on equity of 121.05% and a net margin of 12.59%. 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 previous year, the company posted $0.44 earnings per share. The company's quarterly revenue was up 12.7% compared to the same quarter last year. Equities research analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted their price objective on Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd.

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.