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

Jefferies Financial Group Inc. bought a new stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 19,733 shares of the company's stock, valued at approximately $1,079,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its holdings in Frontdoor by 37.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 41,971 shares of the company's stock valued at $2,295,000 after acquiring an additional 11,385 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Frontdoor by 332.8% in the 4th quarter. Blue Trust Inc. now owns 1,701 shares of the company's stock valued at $93,000 after purchasing an additional 1,308 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Frontdoor by 4.8% in the 4th quarter. Pacer Advisors Inc. now owns 7,854 shares of the company's stock valued at $429,000 after purchasing an additional 357 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Frontdoor in the 4th quarter valued at $222,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Frontdoor by 188.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 76,232 shares of the company's stock valued at $4,168,000 after purchasing an additional 49,823 shares during the last quarter.

Frontdoor Trading Up 0.9%

Shares of FTDR traded up $0.51 during midday trading on Friday, hitting $55.17. 696,884 shares of the stock were exchanged, compared to its average volume of 740,356. Frontdoor, Inc. has a 52-week low of $32.95 and a 52-week high of $63.49. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a fifty day simple moving average of $45.64 and a 200 day simple moving average of $51.10. The firm has a market cap of $4.06 billion, a P/E ratio of 18.27 and a beta of 1.21.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.27. The company had revenue of $426.00 million during 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%. Frontdoor's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the business posted $0.44 EPS. On average, research analysts anticipate that Frontdoor, Inc. will post 3.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FTDR has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their target price on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. downgraded shares of Frontdoor from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $58.00 to $40.00 in a research note on Tuesday, April 22nd. Finally, Truist Financial upped their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, February 14th.

About Frontdoor

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.