Frontdoor Inc. (NASDAQ:FTDR) Position Trimmed by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 4.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 220,494 shares of the company's stock after selling 10,492 shares during the period. Teacher Retirement System of Texas owned about 0.30% of Frontdoor worth $8,471,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. boosted its position in Frontdoor by 514.7% during the 4th quarter. Bessemer Group Inc. now owns 627 shares of the company's stock worth $34,000 after purchasing an additional 525 shares during the period. TD Private Client Wealth LLC boosted its position in Frontdoor by 12.9% during the 4th quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock worth $87,000 after purchasing an additional 183 shares during the period. GAMMA Investing LLC boosted its position in Frontdoor by 16.5% during the 1st 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. Blue Trust Inc. boosted its position in Frontdoor by 70.3% during the 1st 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. Finally, Smartleaf Asset Management LLC boosted its position in Frontdoor by 360.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,484 shares of the company's stock worth $136,000 after purchasing an additional 1,945 shares during the period.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their price objective 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 Down 0.7%

FTDR stock traded down $0.43 during trading on Tuesday, reaching $58.32. The stock had a trading volume of 228,305 shares, compared to its average volume of 721,277. Frontdoor Inc. has a 1-year low of $32.95 and a 1-year high of $63.49. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.88. The company has a market capitalization of $4.29 billion, a P/E ratio of 18.87 and a beta of 1.28. The firm has a fifty day moving average price of $55.34 and a 200 day moving average price of $51.12.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.27. The firm had revenue of $426.00 million for the quarter, compared to analyst estimates of $416.37 million. Frontdoor had a net margin of 12.59% and a return on equity of 121.05%. The firm's revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. On average, equities analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Frontdoor Company 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.