Russell Investments Group Ltd. Purchases 26,825 Shares of Frontdoor Inc. $FTDR

Key Points

• Russell Investments Group Ltd. increased its stake in Frontdoor Inc. by 35.6%, acquiring an additional 26,825 shares during the first quarter, bringing their total ownership to approximately 102,214 shares valued at $3.9 million.
• Frontdoor recently reported $1.63 EPS for the quarter, exceeding analyst estimates and showcasing a 13.8% year-over-year revenue growth, with a total revenue of $617 million.
• Several investment firms have adjusted their price targets for Frontdoor, with Truist Financial upgrading it to $71.00 and the average analyst rating remaining at "Hold" with a target price of $59.75.

Russell Investments Group Ltd. boosted its position in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 35.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,214 shares of the company's stock after buying an additional 26,825 shares during the quarter. Russell Investments Group Ltd. owned 0.14% of Frontdoor worth $3,927,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FTDR. Quantinno Capital Management LP raised its stake in shares of Frontdoor by 0.8% in the 4th quarter. Quantinno Capital Management LP now owns 24,212 shares of the company's stock valued at $1,324,000 after acquiring an additional 183 shares in the last quarter. Mariner LLC raised its position in Frontdoor by 4.0% in the 4th quarter. Mariner LLC now owns 7,311 shares of the company's stock valued at $400,000 after purchasing an additional 284 shares during the last quarter. Xponance Inc. raised its position in shares of Frontdoor by 5.0% during the first quarter. Xponance Inc. now owns 5,971 shares of the company's stock worth $229,000 after acquiring an additional 285 shares during the last quarter. GAMMA Investing LLC grew its stake in Frontdoor by 16.5% in the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock valued at $94,000 after acquiring an additional 347 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Frontdoor by 2.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 13,172 shares of the company's stock worth $492,000 after buying an additional 368 shares during the period.

Analysts Set New Price Targets

Several research firms have issued reports on FTDR. Oppenheimer upped their price objective on Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Truist Financial raised their target price on Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. The Goldman Sachs Group raised their price objective on Frontdoor from $44.00 to $50.00 and gave the company a "sell" rating in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. raised their price objective on Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $59.75.

Insider Transactions at Frontdoor

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $1,945,372.90. This trade represents a 78.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.48% of the stock is currently owned by insiders.

Frontdoor Price Performance

Shares of Frontdoor stock traded down $1.24 during trading on Thursday, hitting $60.76. The stock had a trading volume of 218,134 shares, compared to its average volume of 738,434. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 17.93 and a beta of 1.32. Frontdoor Inc. has a 12 month low of $35.61 and a 12 month high of $64.91. The business's 50-day moving average is $58.48 and its 200 day moving average is $51.42. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.19. Frontdoor had a net margin of 13.07% and a return on equity of 125.21%. The company had revenue of $617.00 million during the quarter, compared to analyst estimates of $602.62 million. During the same period in the previous year, the business earned $1.27 earnings per share. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share for the current 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.