Frontdoor Inc. (NASDAQ:FTDR) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 408,982 shares of the company's stock after purchasing an additional 9,161 shares during the quarter. Principal Financial Group Inc. owned about 0.55% of Frontdoor worth $15,713,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of FTDR. Atria Investments Inc grew its holdings in shares of Frontdoor by 4.9% during the 4th quarter. Atria Investments Inc now owns 6,894 shares of the company's stock worth $377,000 after purchasing an additional 325 shares during the period. Proficio Capital Partners LLC acquired a new position in Frontdoor in the 4th quarter valued at about $2,224,000. Raymond James Financial Inc. purchased a new stake in Frontdoor during the fourth quarter worth about $17,465,000. HighTower Advisors LLC purchased a new stake in Frontdoor during the fourth quarter worth about $221,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in shares of Frontdoor by 99.9% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 274,800 shares of the company's stock worth $15,045,000 after purchasing an additional 137,300 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their price target on shares of Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd.

Frontdoor Stock Performance

FTDR stock traded down $0.37 on Friday, hitting $58.01. The company's stock had a trading volume of 384,716 shares, compared to its average volume of 719,022. The firm has a 50 day moving average of $56.37 and a two-hundred day moving average of $51.24. Frontdoor Inc. has a 1 year low of $34.60 and a 1 year high of $63.49. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 18.77 and a beta of 1.28. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.88.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.64 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 during the quarter, compared to the consensus estimate of $416.37 million. During the same quarter in the prior year, the firm earned $0.44 EPS. Frontdoor's revenue for the quarter was up 12.7% on a year-over-year basis. Equities analysts predict that Frontdoor Inc. will post 3.07 EPS for the current fiscal 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.