Willis Investment Counsel Trims Position in Frontdoor, Inc. (NASDAQ:FTDR)

Willis Investment Counsel lessened its stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 30.3% in the 1st quarter, according to its most recent filing with the SEC. The fund 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 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FTDR. TD Private Client Wealth LLC lifted its position in Frontdoor by 12.9% in the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock valued at $87,000 after acquiring an additional 183 shares during the last quarter. Quantinno Capital Management LP lifted its position in Frontdoor by 0.8% in the fourth 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 during the last quarter. Parkside Financial Bank & Trust lifted its position in Frontdoor by 8.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,880 shares of the company's stock valued at $157,000 after acquiring an additional 221 shares during the last quarter. Mariner LLC increased its stake in Frontdoor by 4.0% in the fourth 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 period. Finally, Atria Investments Inc increased its stake in Frontdoor by 4.9% in the fourth quarter. Atria Investments Inc now owns 6,894 shares of the company's stock valued at $377,000 after purchasing an additional 325 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. The Goldman Sachs Group dropped their price objective on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Monday, March 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd.

Frontdoor Stock Performance

NASDAQ FTDR traded up $0.97 during trading on Monday, reaching $57.40. The company's stock had a trading volume of 430,606 shares, compared to its average volume of 728,051. Frontdoor, Inc. has a twelve month low of $32.95 and a twelve month high of $63.49. 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 business's fifty day moving average price is $49.77 and its 200-day moving average price is $51.05. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 19.01 and a beta of 1.27.

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