Vanguard Group Inc. Cuts Stock Holdings in Frontdoor Inc. $FTDR

Key Points

• Vanguard Group Inc. has reduced its stake in Frontdoor Inc. by 2.2%, now owning 9,463,731 shares valued at approximately $363.60 million.
• Other institutional investors, including Principal Financial Group and Oppenheimer Asset Management, have also modified their positions, showing increased investment interest in Frontdoor.
• Frontdoor reported earnings of $1.63 per share, surpassing analyst expectations, and achieved revenue of $617 million for the last quarter, marking a 13.8% year-over-year increase.

Vanguard Group Inc. lowered its stake in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 2.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,463,731 shares of the company's stock after selling 210,547 shares during the period. Vanguard Group Inc. owned about 12.86% of Frontdoor worth $363,597,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in Frontdoor by 80,766.7% during the first quarter. IFP Advisors Inc now owns 2,426 shares of the company's stock worth $93,000 after buying an additional 2,423 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Frontdoor by 16.5% during the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock worth $94,000 after buying an additional 347 shares in the last quarter. CWM LLC boosted its holdings in Frontdoor by 91.2% during the first quarter. CWM LLC now owns 2,574 shares of the company's stock worth $99,000 after buying an additional 1,228 shares in the last quarter. Blue Trust Inc. boosted its holdings in Frontdoor by 70.3% during the first quarter. Blue Trust Inc. now owns 2,780 shares of the company's stock worth $107,000 after buying an additional 1,148 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Frontdoor by 22.5% in the first quarter. US Bancorp DE now owns 3,008 shares of the company's stock valued at $116,000 after purchasing an additional 553 shares in the last quarter.

Frontdoor Trading Down 0.3%

Shares of FTDR traded down $0.19 on Thursday, hitting $58.67. 433,544 shares of the stock traded hands, compared to its average volume of 732,473. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.56. The firm has a market capitalization of $4.27 billion, a P/E ratio of 17.31 and a beta of 1.32. The stock's 50 day moving average is $58.19 and its two-hundred day moving average is $51.40. Frontdoor Inc. has a 1 year low of $35.61 and a 1 year high of $64.91.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Frontdoor from $44.00 to $50.00 and gave the company a "sell" rating in a report on Wednesday, August 6th. Truist Financial upped their price target on shares of Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a 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 company a "neutral" rating in a report on Tuesday, June 3rd. Finally, Oppenheimer upped their price target on shares of Frontdoor from $56.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $59.75.

Insiders Place Their Bets

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of the 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 transaction, the senior vice president owned 34,646 shares of the company's stock, valued at $1,945,372.90. This trade represents a 78.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.48% of the stock is currently owned by corporate insiders.

About Frontdoor

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.