Janus Henderson Group PLC Has $18.61 Million Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Janus Henderson Group PLC lifted its position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 275.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 340,094 shares of the company's stock after acquiring an additional 249,552 shares during the period. Janus Henderson Group PLC owned about 0.45% of Frontdoor worth $18,605,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its holdings in shares of Frontdoor by 514.7% during the 4th quarter. Bessemer Group Inc. now owns 627 shares of the company's stock valued at $34,000 after acquiring an additional 525 shares in the last quarter. USA Financial Formulas bought a new stake in Frontdoor during the fourth quarter valued at about $60,000. TD Private Client Wealth LLC raised its stake in Frontdoor by 12.9% during the 4th quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock valued at $87,000 after purchasing an additional 183 shares during the last quarter. Blue Trust Inc. boosted its holdings in Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after purchasing an additional 1,239 shares during the period. Finally, Nkcfo LLC acquired a new position in Frontdoor in the fourth quarter valued at approximately $96,000.

Frontdoor Trading Down 1.2%

NASDAQ:FTDR traded down $0.66 during trading hours on Wednesday, hitting $53.66. The stock had a trading volume of 56,006 shares, compared to its average volume of 736,115. The business's 50 day moving average is $43.05 and its 200-day moving average is $51.22. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 17.77 and a beta of 1.21. Frontdoor, Inc. has a one year low of $32.95 and a one year 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.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.37 by $0.27. The business 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 was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 EPS. Sell-side analysts anticipate that Frontdoor, Inc. will post 3.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Truist Financial upped their target price on shares of Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research report on Friday, February 14th. The Goldman Sachs Group dropped their price objective on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. cut Frontdoor from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $58.00 to $40.00 in a report on Tuesday, April 22nd.

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.