37,235 Shares in Frontdoor, Inc. (NASDAQ:FTDR) Acquired by Summit Global Investments

Summit Global Investments acquired a new position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 37,235 shares of the company's stock, valued at approximately $1,311,000.

Other large investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. acquired a new stake in Frontdoor in the 3rd quarter valued at approximately $1,147,000. Raymond James & Associates grew its position in Frontdoor by 5.0% in the 3rd quarter. Raymond James & Associates now owns 109,783 shares of the company's stock worth $3,358,000 after purchasing an additional 5,233 shares during the last quarter. Reinhart Partners LLC. increased its holdings in shares of Frontdoor by 4.2% during the 3rd quarter. Reinhart Partners LLC. now owns 1,787,104 shares of the company's stock worth $54,668,000 after purchasing an additional 72,684 shares during the period. New York State Teachers Retirement System increased its stake in Frontdoor by 4.0% during the third quarter. New York State Teachers Retirement System now owns 29,857 shares of the company's stock valued at $913,000 after acquiring an additional 1,159 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Frontdoor by 82.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,879 shares of the company's stock valued at $1,220,000 after purchasing an additional 18,022 shares in the last quarter.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lowered their target price on shares of Frontdoor from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $39.40.

Frontdoor Price Performance

Shares of FTDR traded up $0.63 during trading hours on Friday, hitting $34.65. The stock had a trading volume of 1,038,046 shares, compared to its average volume of 761,866. Frontdoor, Inc. has a 52 week low of $27.76 and a 52 week high of $38.97. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 15.20 and a beta of 0.89. The company's fifty day moving average is $31.26 and its two-hundred day moving average is $32.77. The company has a debt-to-equity ratio of 3.54, a current ratio of 1.14 and a quick ratio of 1.10.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.18. Frontdoor had a net margin of 10.27% and a return on equity of 132.00%. The company had revenue of $366.00 million during the quarter, compared to analyst estimates of $360.47 million. During the same quarter last year, the business posted $0.13 earnings per share. The company's revenue was up 8.0% on a year-over-year basis. On average, analysts anticipate that Frontdoor, Inc. will post 2.36 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.