Fuller & Thaler Asset Management Inc. Boosts Holdings in Frontdoor Inc. $FTDR

Key Points

• Fuller & Thaler Asset Management increased its stake in Frontdoor Inc. by 33.1%, owning approximately 3.74% of the company, valued at $105.76 million.
• Frontdoor's quarterly earnings surpassed expectations, reporting $1.63 EPS compared to the consensus estimate of $1.44 EPS, with revenues of $617 million.
• Several analysts have raised their price targets for Frontdoor, with Goldman Sachs increasing their target from $44.00 to $50.00 and Truist Financial from $67.00 to $71.00, reflecting varying sentiment on the stock.

Fuller & Thaler Asset Management Inc. boosted its stake in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 33.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,752,723 shares of the company's stock after purchasing an additional 685,148 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 3.74% of Frontdoor worth $105,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Frontdoor during the first quarter worth approximately $42,000. IFP Advisors Inc raised its stake in shares of Frontdoor by 80,766.7% during the first quarter. IFP Advisors Inc now owns 2,426 shares of the company's stock worth $93,000 after acquiring an additional 2,423 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Frontdoor by 16.5% during the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock worth $94,000 after acquiring an additional 347 shares in the last quarter. CWM LLC raised its stake in shares of Frontdoor by 91.2% during the first quarter. CWM LLC now owns 2,574 shares of the company's stock worth $99,000 after acquiring an additional 1,228 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Frontdoor by 70.3% in the first 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 last quarter.

Frontdoor Trading Up 1.9%

NASDAQ:FTDR traded up $1.09 during trading hours on Friday, hitting $59.76. The company had a trading volume of 624,663 shares, compared to its average volume of 746,032. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market capitalization of $4.35 billion, a PE ratio of 17.63 and a beta of 1.32. The stock has a 50-day moving average price of $58.19 and a 200 day moving average price of $51.40. Frontdoor Inc. has a 52 week low of $35.61 and a 52 week high of $64.91.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.44 by $0.19. The business had revenue of $617.00 million during the quarter, compared to analyst estimates of $602.62 million. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The company's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.27 earnings per share. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts predict that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FTDR has been the topic of several recent analyst reports. Truist Financial raised their target price on shares of Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Oppenheimer raised their target price on shares of Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. raised their target price on shares of Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Finally, The Goldman Sachs Group raised their target price on shares of Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $59.75.

Insider Activity

In other news, SVP Jeffrey Fiarman sold 129,673 shares of Frontdoor stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $56.15, for a total value of $7,281,138.95. Following the completion of the transaction, the senior vice president owned 34,646 shares of the company's stock, valued at $1,945,372.90. The trade was a 78.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.48% of the stock is currently owned by corporate insiders.

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.