Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its position in Frontdoor, Inc. (NASDAQ:FTDR) by 8.0% in the third quarter, HoldingsChannel reports. The fund owned 30,586 shares of the company’s stock after selling 2,669 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Frontdoor were worth $1,468,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. BOKF NA purchased a new position in Frontdoor during the second quarter worth approximately $493,000. Swedbank AB acquired a new stake in Frontdoor in the 1st quarter valued at $18,542,000. CANADA LIFE ASSURANCE Co increased its holdings in Frontdoor by 22.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 125,556 shares of the company’s stock worth $4,092,000 after acquiring an additional 23,194 shares in the last quarter. Natixis Advisors LLC acquired a new position in Frontdoor during the second quarter worth $513,000. Finally, Jupiter Asset Management Ltd. lifted its holdings in Frontdoor by 664.5% during the first quarter. Jupiter Asset Management Ltd. now owns 247,541 shares of the company’s stock valued at $8,065,000 after purchasing an additional 215,160 shares in the last quarter.

Frontdoor Stock Down 1.7 %

FTDR stock opened at $55.56 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The firm has a 50-day moving average of $50.31 and a two-hundred day moving average of $42.62. Frontdoor, Inc. has a 12 month low of $29.41 and a 12 month high of $58.86. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 18.40 and a beta of 1.03.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.05 by $0.33. The firm had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 earnings per share. As a group, analysts forecast that Frontdoor, Inc. will post 3.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on FTDR shares. William Blair raised shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research note on Friday, August 2nd. The Goldman Sachs Group boosted their price objective on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. Finally, Truist Financial boosted their price target on Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $49.50.

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.