State of New Jersey Common Pension Fund D Has $1.96 Million Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

State of New Jersey Common Pension Fund D decreased its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 23.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,907 shares of the company’s stock after selling 12,784 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.05% of Frontdoor worth $1,963,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Frontdoor by 3.8% during the first quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company’s stock valued at $331,636,000 after purchasing an additional 373,091 shares in the last quarter. Boston Partners increased its holdings in Frontdoor by 8.9% in the first quarter. Boston Partners now owns 6,198,543 shares of the company’s stock worth $201,662,000 after purchasing an additional 506,217 shares in the last quarter. Reinhart Partners LLC. increased its holdings in Frontdoor by 1.8% in the second quarter. Reinhart Partners LLC. now owns 2,330,937 shares of the company’s stock worth $78,762,000 after purchasing an additional 42,169 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Frontdoor by 8.7% during the second quarter. Victory Capital Management Inc. now owns 2,176,056 shares of the company’s stock valued at $73,529,000 after acquiring an additional 173,624 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Frontdoor by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,787,539 shares of the company’s stock valued at $60,402,000 after acquiring an additional 89,301 shares in the last quarter.

Analyst Ratings Changes

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

Frontdoor Stock Down 1.2 %

FTDR stock opened at $54.87 on Monday. Frontdoor, Inc. has a twelve month low of $29.41 and a twelve month high of $58.86. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The firm has a market cap of $4.16 billion, a PE ratio of 18.17 and a beta of 1.03. The business has a 50 day moving average of $50.46 and a 200 day moving average of $42.95.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.05 by $0.33. The company had revenue of $540.00 million during the quarter, compared to analyst estimates of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. Frontdoor’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. On average, research analysts forecast that Frontdoor, Inc. will post 3.14 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.