Great Lakes Advisors LLC Has $10.07 Million Stock Holdings in Frontdoor Inc. $FTDR

Key Points

• Great Lakes Advisors LLC reduced its stake in Frontdoor Inc. by 1.6%, owning approximately 0.36% of the company, worth around $10.07 million after selling 4,256 shares.
• Several institutional investors increased their positions in Frontdoor, with the New York State Common Retirement Fund raising its stake by a significant 775.3%.
• Frontdoor's stock received multiple price target increases from analysts, with the consensus rating now classified as a Moderate Buy and a target price of $59.75.

Great Lakes Advisors LLC cut its stake in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 1.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 262,088 shares of the company's stock after selling 4,256 shares during the period. Great Lakes Advisors LLC owned approximately 0.36% of Frontdoor worth $10,069,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of Frontdoor by 2.3% during the first quarter. Principal Financial Group Inc. now owns 408,982 shares of the company's stock worth $15,713,000 after purchasing an additional 9,161 shares during the period. GAMMA Investing LLC raised its position 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 purchasing an additional 347 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Frontdoor by 48.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 24,317 shares of the company's stock worth $934,000 after purchasing an additional 7,967 shares during the period. New York State Common Retirement Fund raised its position in shares of Frontdoor by 775.3% during the first quarter. New York State Common Retirement Fund now owns 212,552 shares of the company's stock worth $8,166,000 after purchasing an additional 188,268 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Frontdoor by 126.1% during the first quarter. Envestnet Asset Management Inc. now owns 138,646 shares of the company's stock worth $5,327,000 after purchasing an additional 77,330 shares during the period.

Insider Buying and Selling

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the company's stock in a transaction that occurred on 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 sale, the senior vice president directly owned 34,646 shares in the company, valued at approximately $1,945,372.90. This represents a 78.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.48% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FTDR has been the topic of a number of research analyst reports. Zacks Research upgraded Frontdoor from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 27th. JPMorgan Chase & Co. lifted their price target on Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. Oppenheimer lifted their price target on Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Truist Financial boosted their target price on Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group boosted their target price on Frontdoor from $44.00 to $50.00 and gave the company a "sell" 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 given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $59.75.

Frontdoor Price Performance

NASDAQ FTDR opened at $65.27 on Tuesday. Frontdoor Inc. has a twelve month low of $35.61 and a twelve month high of $65.38. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market capitalization of $4.75 billion, a PE ratio of 19.25 and a beta of 1.34. The stock has a 50-day simple moving average of $59.07 and a 200 day simple moving average of $51.53.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.44 by $0.19. The firm had revenue of $617.00 million during the quarter, compared to analysts' expectations 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 in the prior year, the firm posted $1.27 EPS. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts anticipate that Frontdoor Inc. will post 3.07 EPS for the current year.

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.

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