Nuveen Asset Management LLC lowered its position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 844,380 shares of the company's stock after selling 79,806 shares during the period. Nuveen Asset Management LLC owned 1.11% of Frontdoor worth $46,162,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. NDVR Inc. bought a new stake in Frontdoor during the 4th quarter valued at $225,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Frontdoor by 2.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,852 shares of the company's stock worth $2,397,000 after purchasing an additional 856 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Frontdoor by 363.6% in the 4th quarter. Lazard Asset Management LLC now owns 220,044 shares of the company's stock worth $12,028,000 after purchasing an additional 172,577 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Frontdoor by 275.6% during the 4th quarter. Janus Henderson Group PLC now owns 340,094 shares of the company's stock valued at $18,605,000 after acquiring an additional 249,552 shares during the period. Finally, Jefferies Financial Group Inc. purchased a new stake in Frontdoor in the 4th quarter worth approximately $1,079,000.
Frontdoor Stock Performance
Shares of NASDAQ:FTDR traded down $0.17 during trading on Friday, hitting $53.53. 377,936 shares of the company traded hands, compared to its average volume of 738,237. The business's fifty day moving average is $43.99 and its 200-day moving average is $51.15. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 17.73 and a beta of 1.21. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a one year low of $32.95 and a one year high of $63.49.
Frontdoor (NASDAQ:FTDR - Get Free Report) last posted 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. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The company had revenue of $426.00 million during the quarter, compared to analyst estimates of $416.37 million. During the same quarter last year, the firm posted $0.44 EPS. The business's revenue for the quarter was up 12.7% on a year-over-year basis. As a group, equities analysts predict that Frontdoor, Inc. will post 3.07 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
FTDR has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their price target on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Monday, March 3rd. JPMorgan Chase & Co. cut Frontdoor from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $58.00 to $40.00 in a report on Tuesday, April 22nd. Finally, Truist Financial boosted their target price on Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a report on Friday, February 14th.
Check Out Our Latest Stock Report on FTDR
About Frontdoor
(
Free Report)
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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