Frontdoor Inc. $FTDR Shares Bought by Fiera Capital Corp

Fiera Capital Corp grew its position in shares of Frontdoor Inc. (NASDAQ:FTDR) by 30.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 950,702 shares of the company’s stock after purchasing an additional 222,633 shares during the period. Fiera Capital Corp’s holdings in Frontdoor were worth $54,846,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FTDR. Marshall Wace LLP acquired a new stake in shares of Frontdoor during the 3rd quarter worth about $23,871,000. Reinhart Partners LLC. boosted its stake in shares of Frontdoor by 25.6% during the 4th quarter. Reinhart Partners LLC. now owns 1,629,152 shares of the company’s stock worth $93,987,000 after purchasing an additional 332,556 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Frontdoor by 309.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 431,446 shares of the company’s stock worth $25,429,000 after purchasing an additional 326,112 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Frontdoor by 533.0% during the 1st quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock worth $11,814,000 after purchasing an additional 258,920 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Frontdoor by 149.7% during the 2nd quarter. Jane Street Group LLC now owns 360,228 shares of the company’s stock worth $21,232,000 after purchasing an additional 215,982 shares during the last quarter.

Frontdoor Price Performance

FTDR opened at $63.64 on Monday. The company’s 50 day simple moving average is $60.61 and its 200 day simple moving average is $59.01. The company has a debt-to-equity ratio of 4.95, a quick ratio of 1.47 and a current ratio of 1.47. Frontdoor Inc. has a 1 year low of $48.47 and a 1 year high of $70.77. The stock has a market capitalization of $4.47 billion, a PE ratio of 18.23 and a beta of 1.50.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Thursday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The business had revenue of $451.00 million for the quarter, compared to analysts’ expectations of $442.28 million. During the same period last year, the company earned $0.64 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts expect that Frontdoor Inc. will post 4.48 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on FTDR. Oppenheimer reaffirmed an “outperform” rating and set a $70.00 price target on shares of Frontdoor in a research note on Thursday, February 26th. The Goldman Sachs Group raised shares of Frontdoor from a “sell” rating to a “neutral” rating and raised their price target for the stock from $50.00 to $67.00 in a research note on Monday, March 2nd. Weiss Ratings cut shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. Wall Street Zen cut shares of Frontdoor from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, Benchmark initiated coverage on shares of Frontdoor in a research note on Thursday, March 26th. They set a “buy” rating and a $80.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Frontdoor presently has an average rating of “Moderate Buy” and an average price target of $72.00.

Frontdoor Company Profile

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.