Northern Trust Corp Acquires 29,892 Shares of Frontdoor Inc. $FTDR

Key Points

• Northern Trust Corp increased its stake in Frontdoor Inc. by 3.2%, acquiring an additional 29,892 shares, bringing its total ownership to approximately 963,544 shares valued at $37 million.
• Multiple analysts have raised their price targets for Frontdoor, with Oppenheimer increasing its target from $56 to $63, suggesting a positive outlook for the company's stock performance.
• Frontdoor reported earnings of $1.63 per share for the last quarter, exceeding expectations and marking a 13.8% revenue increase year-over-year, with a net profit margin of 13.07%.

Northern Trust Corp boosted its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 963,544 shares of the company's stock after buying an additional 29,892 shares during the quarter. Northern Trust Corp owned approximately 1.31% of Frontdoor worth $37,019,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FTDR. Mariner LLC lifted its holdings in Frontdoor by 4.0% during the fourth quarter. Mariner LLC now owns 7,311 shares of the company's stock valued at $400,000 after purchasing an additional 284 shares in the last quarter. Tudor Investment Corp ET AL lifted its holdings in Frontdoor by 34.6% during the fourth quarter. Tudor Investment Corp ET AL now owns 10,833 shares of the company's stock valued at $592,000 after purchasing an additional 2,782 shares in the last quarter. Lido Advisors LLC lifted its holdings in Frontdoor by 22.7% during the fourth quarter. Lido Advisors LLC now owns 6,345 shares of the company's stock valued at $347,000 after purchasing an additional 1,173 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Frontdoor by 7.7% during the fourth quarter. AQR Capital Management LLC now owns 77,243 shares of the company's stock valued at $4,223,000 after purchasing an additional 5,555 shares in the last quarter. Finally, Caxton Associates LP lifted its holdings in Frontdoor by 564.3% during the fourth quarter. Caxton Associates LP now owns 48,110 shares of the company's stock valued at $2,630,000 after purchasing an additional 40,868 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have weighed in on FTDR shares. Oppenheimer lifted their price target on shares of Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. lifted their price target on shares of Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. The Goldman Sachs Group upped their target price 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. Zacks Research upgraded shares of Frontdoor from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Finally, Truist Financial upped their target price on shares of Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Frontdoor presently has a consensus rating of "Moderate Buy" and an average price target of $59.75.

Frontdoor Price Performance

Shares of NASDAQ:FTDR opened at $60.75 on Friday. 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 firm has a fifty day moving average price of $58.58 and a 200 day moving average price of $51.46. Frontdoor Inc. has a fifty-two week low of $35.61 and a fifty-two week high of $64.91. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 17.92 and a beta of 1.32.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its earnings results 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. The firm had revenue of $617.00 million during the quarter, compared to analyst estimates of $602.62 million. Frontdoor had a net margin of 13.07% and a return on equity of 125.21%. Frontdoor's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.27 earnings per share. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts expect that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

Insider Transactions at Frontdoor

In related news, SVP Jeffrey Fiarman sold 129,673 shares of the company's stock in a transaction on Thursday, August 7th. The shares were 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 $1,945,372.90. This represents a 78.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.48% of the stock is currently owned by insiders.

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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