Frontdoor Inc. (NASDAQ:FTDR) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its holdings in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 12.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 136,430 shares of the company's stock after selling 18,607 shares during the period. Royce & Associates LP owned about 0.18% of Frontdoor worth $5,242,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Frontdoor by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 9,674,278 shares of the company's stock valued at $528,893,000 after purchasing an additional 78,134 shares in the last quarter. FIL Ltd increased its holdings in shares of Frontdoor by 8.3% in the 4th quarter. FIL Ltd now owns 2,410,561 shares of the company's stock valued at $131,785,000 after acquiring an additional 184,051 shares during the last quarter. Reinhart Partners LLC. increased its holdings in shares of Frontdoor by 16.2% in the 1st quarter. Reinhart Partners LLC. now owns 2,368,684 shares of the company's stock valued at $91,005,000 after acquiring an additional 331,066 shares during the last quarter. Geode Capital Management LLC grew its stake in Frontdoor by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,127,553 shares of the company's stock worth $116,336,000 after buying an additional 14,079 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in Frontdoor by 6.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,067,575 shares of the company's stock worth $113,034,000 after buying an additional 122,981 shares during the last quarter.

Analysts Set New Price Targets

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

Frontdoor Trading Up 0.5%

Shares of NASDAQ FTDR opened at $58.98 on Monday. Frontdoor Inc. has a 12 month low of $35.61 and a 12 month high of $63.49. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 19.09 and a beta of 1.28. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.88. The business has a fifty day simple moving average of $57.24 and a 200-day simple moving average of $51.37.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.37 by $0.27. Frontdoor had a return on equity of 121.05% and a net margin of 12.59%. The business had revenue of $426.00 million during the quarter, compared to the consensus estimate of $416.37 million. During the same period in the prior year, the business posted $0.44 earnings per share. Frontdoor's revenue was up 12.7% compared to the same quarter last year. Sell-side analysts predict 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.

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