Janney Montgomery Scott LLC Reduces Holdings in Frontdoor Inc. (NASDAQ:FTDR)

Janney Montgomery Scott LLC cut its holdings in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 12.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,551 shares of the company's stock after selling 5,420 shares during the period. Janney Montgomery Scott LLC's holdings in Frontdoor were worth $1,404,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FTDR. Bessemer Group Inc. raised its position in shares of Frontdoor by 514.7% during the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company's stock valued at $34,000 after buying an additional 525 shares during the last quarter. TD Private Client Wealth LLC grew its stake in Frontdoor by 12.9% during the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock valued at $87,000 after acquiring an additional 183 shares in the last quarter. GAMMA Investing LLC increased its holdings in Frontdoor by 16.5% in the 1st quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock valued at $94,000 after acquiring an additional 347 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Frontdoor by 360.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,484 shares of the company's stock worth $136,000 after purchasing an additional 1,945 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Frontdoor by 8.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,880 shares of the company's stock worth $157,000 after purchasing an additional 221 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently issued reports on FTDR. The Goldman Sachs Group reduced their target price on Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. raised 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.

Frontdoor Price Performance

Frontdoor stock traded up $0.01 during mid-day trading on Tuesday, reaching $58.95. 505,996 shares of the company's stock traded hands, compared to its average volume of 723,807. Frontdoor Inc. has a 12-month low of $32.95 and a 12-month high of $63.49. 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 stock has a 50 day moving average of $53.85 and a two-hundred day moving average of $51.08. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 19.08 and a beta of 1.28.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.27. Frontdoor had a net margin of 12.59% and a return on equity of 121.05%. The firm had revenue of $426.00 million for the quarter, compared to analysts' expectations of $416.37 million. During the same period in the prior year, the company earned $0.44 EPS. The business's revenue was up 12.7% compared to the same quarter last year. Equities analysts forecast that Frontdoor Inc. will post 3.07 earnings per share 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.