Leuthold Group LLC Raises Stock Holdings in Frontdoor Inc. $FTDR

Leuthold Group LLC lifted its stake in Frontdoor Inc. (NASDAQ:FTDR) by 978.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 65,531 shares of the company’s stock after purchasing an additional 59,455 shares during the quarter. Leuthold Group LLC’s holdings in Frontdoor were worth $3,862,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FTDR. Bessemer Group Inc. increased its holdings in Frontdoor by 322.1% in the 2nd quarter. Bessemer Group Inc. now owns 515 shares of the company’s stock worth $30,000 after acquiring an additional 393 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Frontdoor during the first quarter valued at approximately $42,000. Elevation Point Wealth Partners LLC bought a new position in shares of Frontdoor in the second quarter worth approximately $72,000. Huntington National Bank increased its stake in shares of Frontdoor by 56.0% in the second quarter. Huntington National Bank now owns 1,482 shares of the company’s stock worth $87,000 after purchasing an additional 532 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of Frontdoor by 22.5% during the 1st quarter. US Bancorp DE now owns 3,008 shares of the company’s stock valued at $116,000 after purchasing an additional 553 shares during the period.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Truist Financial upped their target price on shares of Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Wall Street Zen downgraded Frontdoor from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Oppenheimer upped their price objective on Frontdoor from $56.00 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Frontdoor in a research note on Tuesday. Finally, The Goldman Sachs Group increased their price objective on shares of Frontdoor from $44.00 to $50.00 and gave the company a “sell” rating in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $59.75.

Frontdoor Stock Performance

Frontdoor stock opened at $53.93 on Friday. The company’s 50-day moving average price is $61.33 and its 200-day moving average price is $59.65. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 3.64. The company has a market cap of $3.89 billion, a PE ratio of 15.36 and a beta of 1.35. Frontdoor Inc. has a twelve month low of $35.61 and a twelve month high of $70.14.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Wednesday, November 5th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.49 by $0.09. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.The company had revenue of $618.00 million during the quarter, compared to analyst estimates of $610.77 million. During the same quarter last year, the business posted $1.38 earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis. Frontdoor has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts forecast that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

Frontdoor 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.