Harbor Capital Advisors Inc. Trims Stock Position in Frontdoor Inc. $FTDR

Key Points

• Harbor Capital Advisors Inc. reduced its stake in Frontdoor Inc. by 17.2% in the second quarter, owning 187,850 shares worth approximately $11 million after selling 39,059 shares.
• Several analysts have upgraded Frontdoor's rating, with Zacks Research increasing it from "hold" to "strong-buy" and price targets ranging from $50.00 to $71.00.
• Frontdoor's stock performed well in its latest earnings report, exceeding expectations with $1.63 earnings per share and $617 million in revenue, a 13.8% increase year-over-year.

Harbor Capital Advisors Inc. lowered its position in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 17.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 187,850 shares of the company's stock after selling 39,059 shares during the period. Harbor Capital Advisors Inc. owned 0.26% of Frontdoor worth $11,072,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FTDR. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Frontdoor by 1.2% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 42,200 shares of the company's stock worth $2,487,000 after buying an additional 500 shares in the last quarter. Voya Investment Management LLC boosted its position in Frontdoor by 33.5% in the 1st quarter. Voya Investment Management LLC now owns 55,829 shares of the company's stock valued at $2,145,000 after buying an additional 14,015 shares during the period. Rhumbline Advisers lifted its position in Frontdoor by 0.5% during the first quarter. Rhumbline Advisers now owns 210,446 shares of the company's stock valued at $8,085,000 after acquiring an additional 966 shares during the last quarter. Strs Ohio purchased a new position in shares of Frontdoor in the first quarter worth $1,007,000. Finally, Intech Investment Management LLC grew its position in Frontdoor by 80.4% during the first quarter. Intech Investment Management LLC now owns 89,695 shares of the company's stock valued at $3,446,000 after buying an additional 39,986 shares during the period.

Frontdoor Stock Down 0.3%

FTDR traded down $0.20 during mid-day trading on Friday, reaching $66.88. 1,714,767 shares of the stock were exchanged, compared to its average volume of 613,555. 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 $4.87 billion, a PE ratio of 19.73 and a beta of 1.34. Frontdoor Inc. has a 1 year low of $35.61 and a 1 year high of $67.55. The company has a 50 day moving average price of $60.38 and a two-hundred day moving average price of $52.53.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its quarterly earnings data 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 period in the previous year, the business posted $1.27 EPS. The business'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, research analysts anticipate that Frontdoor Inc. will post 3.07 EPS for the current year.

Insider Buying and Selling at Frontdoor

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the sale, the senior vice president owned 34,646 shares of the company's stock, valued at approximately $1,945,372.90. This trade represents a 78.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Zacks Research raised shares of Frontdoor from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 27th. Oppenheimer lifted their price target on shares of Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group boosted their price target on shares of Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. upped their target price on Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $59.75.

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.