Frontdoor, Inc. (NASDAQ:FTDR) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 0.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,791,666 shares of the company's stock after purchasing an additional 10,192 shares during the period. Dimensional Fund Advisors LP owned approximately 2.36% of Frontdoor worth $97,952,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FTDR. Vanguard Group Inc. grew its holdings in shares of Frontdoor by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 9,674,278 shares of the company's stock valued at $528,893,000 after purchasing an additional 78,134 shares in the last quarter. FIL Ltd boosted its position in Frontdoor by 8.3% in the 4th quarter. FIL Ltd now owns 2,410,561 shares of the company's stock valued at $131,785,000 after buying an additional 184,051 shares during the period. Geode Capital Management LLC boosted its position in Frontdoor by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,127,553 shares of the company's stock valued at $116,336,000 after buying an additional 14,079 shares during the period. Wasatch Advisors LP acquired a new position in shares of Frontdoor in the fourth quarter worth $56,507,000. Finally, Invesco Ltd. increased its position in shares of Frontdoor by 7.6% during the fourth quarter. Invesco Ltd. now owns 833,342 shares of the company's stock worth $45,559,000 after acquiring an additional 59,025 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. The Goldman Sachs Group lowered their target price on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Monday, March 3rd. Truist Financial boosted their price objective on Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. cut shares of Frontdoor from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $58.00 to $40.00 in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $46.50.

Frontdoor Stock Up 10.7 %

Shares of FTDR traded up $4.97 during mid-day trading on Friday, reaching $51.50. The company's stock had a trading volume of 1,525,393 shares, compared to its average volume of 738,191. The company's 50 day moving average is $40.21 and its 200 day moving average is $50.92. The stock has a market cap of $3.84 billion, a PE ratio of 17.05 and a beta of 1.21. Frontdoor, Inc. has a 12-month low of $32.95 and a 12-month high of $63.49. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.27. The company had revenue of $426.00 million for the quarter, compared to analysts' expectations of $416.37 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $0.44 earnings per share. Equities analysts anticipate that Frontdoor, Inc. will post 3.07 EPS for the current fiscal year.

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.