Jefferies Financial Group Inc. Invests $1.08 Million in Frontdoor, Inc. (NASDAQ:FTDR)

Jefferies Financial Group Inc. bought a new position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 19,733 shares of the company's stock, valued at approximately $1,079,000.

A number of other large investors also recently modified their holdings of FTDR. Wasatch Advisors LP bought a new position in shares of Frontdoor in the 4th quarter worth $56,507,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Frontdoor by 621.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 881,083 shares of the company's stock worth $48,169,000 after purchasing an additional 758,947 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Frontdoor in the 4th quarter worth $17,465,000. Norges Bank bought a new position in shares of Frontdoor in the 4th quarter worth $14,358,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of Frontdoor by 275.6% in the 4th quarter. Janus Henderson Group PLC now owns 340,094 shares of the company's stock worth $18,605,000 after purchasing an additional 249,552 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FTDR shares. JPMorgan Chase & Co. cut Frontdoor from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $58.00 to $40.00 in a report on Tuesday, April 22nd. The Goldman Sachs Group dropped their price objective on Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Monday, March 3rd. Finally, Truist Financial raised their price objective on Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, February 14th.

Frontdoor Stock Up 2.7%

NASDAQ:FTDR traded up $1.49 during trading hours on Monday, hitting $56.50. 654,167 shares of the company traded hands, compared to its average volume of 740,011. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The firm's 50-day simple moving average is $46.01 and its 200-day simple moving average is $51.08. Frontdoor, Inc. has a one year low of $32.95 and a one year high of $63.49. The company has a market cap of $4.16 billion, a PE ratio of 18.71 and a beta of 1.21.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.27. The business had revenue of $426.00 million for the quarter, compared to analysts' expectations of $416.37 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business's revenue was up 12.7% on a year-over-year basis. During the same period last year, the business earned $0.44 EPS. Equities analysts predict that Frontdoor, Inc. will post 3.07 earnings per share for the current year.

Frontdoor Company 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.