Price T Rowe Associates Inc. MD Increases Stake in Frontdoor, Inc. (NASDAQ:FTDR)

Price T Rowe Associates Inc. MD boosted its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 621.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 881,083 shares of the company's stock after purchasing an additional 758,947 shares during the period. Price T Rowe Associates Inc. MD owned approximately 1.16% of Frontdoor worth $48,169,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FTDR. Wasatch Advisors LP acquired a new position in shares of Frontdoor in the 4th quarter valued at $56,507,000. Raymond James Financial Inc. acquired a new stake in shares of Frontdoor during the fourth quarter worth about $17,465,000. Norges Bank purchased a new stake in Frontdoor in the fourth quarter valued at approximately $14,358,000. FIL Ltd increased its holdings in Frontdoor by 8.3% in the 4th quarter. FIL Ltd now owns 2,410,561 shares of the company's stock worth $131,785,000 after buying an additional 184,051 shares during the period. Finally, ExodusPoint Capital Management LP purchased a new position in Frontdoor during the 4th quarter worth approximately $8,144,000.

Wall Street Analyst Weigh In

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

Frontdoor Trading Up 0.9 %

Shares of FTDR stock traded up $0.48 on Monday, hitting $51.98. 165,270 shares of the stock traded hands, compared to its average volume of 736,028. 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 firm's 50-day moving average price is $40.21 and its two-hundred day moving average price is $50.92. Frontdoor, Inc. has a twelve month low of $32.95 and a twelve month high of $63.49. The stock has a market capitalization of $3.88 billion, a PE ratio of 17.22 and a beta of 1.21.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings results 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. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business had revenue of $426.00 million during the quarter, compared to analysts' expectations of $416.37 million. During the same period in the prior year, the business posted $0.44 EPS. The company's revenue 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 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.