Willis Investment Counsel Lowers Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Willis Investment Counsel lowered its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 30.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 32,601 shares of the company's stock after selling 14,152 shares during the period. Willis Investment Counsel's holdings in Frontdoor were worth $1,253,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC bought a new position in Frontdoor during the fourth quarter valued at approximately $545,000. Allspring Global Investments Holdings LLC bought a new stake in Frontdoor in the 4th quarter worth approximately $1,434,000. Values First Advisors Inc. purchased a new stake in Frontdoor during the 4th quarter valued at $298,000. Blue Trust Inc. lifted its holdings in shares of Frontdoor by 315.3% during the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after buying an additional 1,239 shares during the period. Finally, Nkcfo LLC bought a new position in shares of Frontdoor during the 4th quarter valued at $96,000.

Wall Street Analyst Weigh In

FTDR has been the subject of several research analyst reports. Truist Financial lifted their price objective on Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, February 14th. JPMorgan Chase & Co. raised their target price on Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. Finally, The Goldman Sachs Group reduced their price target on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Monday, March 3rd.

Frontdoor Stock Performance

Shares of Frontdoor stock traded down $0.48 on Friday, hitting $56.43. 412,640 shares of the company's stock were exchanged, compared to its average volume of 729,246. Frontdoor, Inc. has a 1 year low of $32.95 and a 1 year high of $63.49. The company has a 50-day simple moving average of $49.37 and a 200-day simple moving average of $51.11. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $4.15 billion, a PE ratio of 18.69 and a beta of 1.27.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.27. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The company had revenue of $426.00 million for the quarter, compared to the consensus estimate of $416.37 million. During the same period in the previous year, the business earned $0.44 earnings per share. Frontdoor's quarterly revenue was up 12.7% compared to the same quarter last year. As a group, equities analysts anticipate that Frontdoor, Inc. will post 3.07 EPS 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.