Teacher Retirement System of Texas Has $6.38 Million Stock Holdings in Frontdoor Inc. $FTDR

Key Points

• Teacher Retirement System of Texas cut its stake in Frontdoor by 45.9% in Q4, selling 93,798 shares and now owning 110,509 shares valued at about $6.38 million (≈0.15% of the company).
• Frontdoor beat Q4 estimates, reporting EPS of $0.23 versus $0.11 expected and revenue of $433 million (up 13.1% year‑over‑year), with a net margin of 12.18% and ROE of 120.79%.
• The stock has a market cap of $4.34 billion, a P/E of 18.03 and a 52‑week range of $40.00–$70.77; analysts hold a consensus "Moderate Buy" rating with an average target price of $68.60.

Teacher Retirement System of Texas lessened its holdings in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 45.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 110,509 shares of the company's stock after selling 93,798 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.15% of Frontdoor worth $6,375,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FTDR. Private Trust Co. NA boosted its stake in shares of Frontdoor by 256.3% in the 4th quarter. Private Trust Co. NA now owns 563 shares of the company's stock valued at $32,000 after purchasing an additional 405 shares during the last quarter. Salomon & Ludwin LLC bought a new position in shares of Frontdoor in the 3rd quarter valued at about $35,000. EverSource Wealth Advisors LLC boosted its stake in shares of Frontdoor by 164.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company's stock valued at $47,000 after purchasing an additional 497 shares during the last quarter. Quarry LP boosted its stake in shares of Frontdoor by 429.5% in the 3rd quarter. Quarry LP now owns 879 shares of the company's stock valued at $59,000 after purchasing an additional 713 shares during the last quarter. Finally, LSV Asset Management bought a new position in Frontdoor during the 3rd quarter worth approximately $87,000.

Frontdoor Price Performance

Shares of NASDAQ FTDR opened at $61.48 on Monday. The stock has a market cap of $4.34 billion, a P/E ratio of 18.03 and a beta of 1.41. The firm has a 50 day moving average price of $59.84 and a 200 day moving average price of $58.74. The company has a debt-to-equity ratio of 4.73, a quick ratio of 1.55 and a current ratio of 1.55. Frontdoor Inc. has a 52-week low of $40.00 and a 52-week high of $70.77.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.12. Frontdoor had a net margin of 12.18% and a return on equity of 120.79%. The firm had revenue of $433.00 million for the quarter, compared to analyst estimates of $421.62 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The business's revenue was up 13.1% on a year-over-year basis. Analysts expect that Frontdoor Inc. will post 4.41 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FTDR shares. Truist Financial set a $71.00 price objective on shares of Frontdoor in a report on Monday, January 26th. The Goldman Sachs Group upgraded shares of Frontdoor from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $50.00 to $67.00 in a report on Monday, March 2nd. Oppenheimer restated an "outperform" rating and set a $70.00 price objective on shares of Frontdoor in a report on Thursday, February 26th. Weiss Ratings upgraded shares of Frontdoor from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday. Finally, Wall Street Zen cut shares of Frontdoor from a "buy" rating to a "hold" rating in a report on Sunday, March 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $68.60.

Frontdoor Company Profile

Frontdoor, Inc NASDAQ: FTDR is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.

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