Frontdoor, Inc. (NASDAQ:FTDR) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 275.6% in the fourth quarter, HoldingsChannel reports. The fund owned 340,094 shares of the company’s stock after purchasing an additional 249,552 shares during the quarter. Janus Henderson Group PLC’s holdings in Frontdoor were worth $18,605,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. raised its holdings in shares of Frontdoor by 514.7% in the 4th quarter. Bessemer Group Inc. now owns 627 shares of the company’s stock worth $34,000 after purchasing an additional 525 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Frontdoor in the 4th quarter worth approximately $60,000. TD Private Client Wealth LLC raised its holdings in shares of Frontdoor by 12.9% in the 4th quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company’s stock worth $87,000 after purchasing an additional 183 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock worth $89,000 after purchasing an additional 1,239 shares in the last quarter. Finally, Nkcfo LLC bought a new stake in shares of Frontdoor in the 4th quarter worth approximately $96,000.

Frontdoor Stock Up 1.8%

FTDR stock opened at $55.05 on Friday. Frontdoor, Inc. has a 52-week low of $32.95 and a 52-week high of $63.49. The company’s 50 day simple moving average is $42.03 and its 200-day simple moving average is $51.11. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $4.05 billion, a P/E ratio of 18.23 and a beta of 1.21.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.27. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business had revenue of $426.00 million for the quarter, compared to analyst estimates of $416.37 million. During the same quarter in the previous year, the business earned $0.44 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Frontdoor, Inc. will post 3.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Truist Financial boosted their target price on shares of Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, February 14th. The Goldman Sachs Group dropped their target price on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. downgraded shares of Frontdoor from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $58.00 to $40.00 in a report on Tuesday, April 22nd.

Frontdoor Company 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.