Graham Capital Management L.P. Boosts Holdings in Frontdoor Inc. $FTDR

Key Points

• Graham Capital Management L.P. significantly increased its holdings in Frontdoor Inc. by 270% during the first quarter, acquiring an additional 22,069 shares, bringing its total to 30,244 shares valued at $1,162,000.
• Analysts have recently raised their target prices for Frontdoor, with Truist Financial setting a new target at $71.00, indicating a positive outlook on the stock.
• Insider SVP Jeffrey Fiarman sold 129,673 shares for approximately $7.28 million, reducing his ownership by nearly 79% after the transaction.

Graham Capital Management L.P. increased its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 270.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,244 shares of the company's stock after buying an additional 22,069 shares during the quarter. Graham Capital Management L.P.'s holdings in Frontdoor were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Quantinno Capital Management LP boosted its holdings in Frontdoor by 0.8% in the fourth quarter. Quantinno Capital Management LP now owns 24,212 shares of the company's stock valued at $1,324,000 after purchasing an additional 183 shares during the period. Xponance Inc. increased its position in shares of Frontdoor by 5.0% during the first quarter. Xponance Inc. now owns 5,971 shares of the company's stock worth $229,000 after purchasing an additional 285 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 buying an additional 347 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Frontdoor by 2.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 13,172 shares of the company's stock worth $492,000 after acquiring an additional 368 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of Frontdoor by 22.5% during the 1st quarter. US Bancorp DE now owns 3,008 shares of the company's stock worth $116,000 after purchasing an additional 553 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Zacks Research raised shares of Frontdoor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 27th. The Goldman Sachs Group lifted 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. JPMorgan Chase & Co. boosted their price target on shares of Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd. Finally, Oppenheimer upped their target price on shares of Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Frontdoor has a consensus rating of "Moderate Buy" and a consensus price target of $59.75.

Frontdoor Stock Up 3.2%

Shares of FTDR stock traded up $1.99 on Monday, hitting $65.04. The stock had a trading volume of 481,845 shares, compared to its average volume of 739,319. Frontdoor Inc. has a 12-month low of $35.61 and a 12-month high of $64.91. The business has a 50 day moving average of $58.94 and a 200 day moving average of $51.47. 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 stock has a market cap of $4.74 billion, a price-to-earnings ratio of 19.17 and a beta of 1.34.

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

Insider Activity at Frontdoor

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were 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 directly owned 34,646 shares in the company, valued at approximately $1,945,372.90. This trade represents a 78.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.48% of the company's stock.

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.