Raymond James Financial Inc. Acquires 16,004 Shares of Frontdoor Inc. $FTDR

Key Points

• Raymond James Financial Inc. increased its stake in Frontdoor Inc. by 5.0%, acquiring an additional 16,004 shares and owning approximately 0.46% of the company, valued at $12.89 million.
• Analysts have increased price targets for Frontdoor, with Goldman Sachs raising it to $50 and Truist Financial to $71, while the stock currently holds an average rating of "Moderate Buy".
• Frontdoor's latest earnings report showed an EPS of $1.63, exceeding estimates and reflecting a 13.8% year-over-year revenue growth to $617 million.

Raymond James Financial Inc. boosted its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 5.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 335,467 shares of the company's stock after buying an additional 16,004 shares during the quarter. Raymond James Financial Inc. owned approximately 0.46% of Frontdoor worth $12,889,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FTDR. Caitong International Asset Management Co. Ltd bought a new stake in Frontdoor during the first quarter valued at approximately $42,000. IFP Advisors Inc grew its position in Frontdoor by 80,766.7% during the first quarter. IFP Advisors Inc now owns 2,426 shares of the company's stock valued at $93,000 after buying an additional 2,423 shares during the period. GAMMA Investing LLC boosted its position in shares of Frontdoor by 16.5% in the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock worth $94,000 after purchasing an additional 347 shares during the period. CWM LLC boosted its position in shares of Frontdoor by 91.2% in the first quarter. CWM LLC now owns 2,574 shares of the company's stock worth $99,000 after purchasing an additional 1,228 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Frontdoor by 70.3% in the first quarter. Blue Trust Inc. now owns 2,780 shares of the company's stock worth $107,000 after purchasing an additional 1,148 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group upped their price target 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. JPMorgan Chase & Co. upped their price target on shares of Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. Truist Financial upped their price target 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. Zacks Research upgraded shares of Frontdoor from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Finally, Oppenheimer upped their price target on shares of Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average 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. Frontdoor had a net margin of 13.07% and a return on equity of 125.21%. The firm had revenue of $617.00 million during the quarter, compared to analyst estimates of $602.62 million. During the same quarter in the prior year, the business earned $1.27 earnings per share. Frontdoor's revenue for the quarter was up 13.8% on a year-over-year basis. 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 Buying and Selling 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 completion of the transaction, the senior vice president owned 34,646 shares in the company, valued at approximately $1,945,372.90. This represents a 78.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.48% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.