Los Angeles Capital Management LLC Increases Stake in Frontdoor Inc. $FTDR

Los Angeles Capital Management LLC increased its stake in Frontdoor Inc. (NASDAQ:FTDR) by 10.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,493 shares of the company’s stock after purchasing an additional 4,548 shares during the period. Los Angeles Capital Management LLC’s holdings in Frontdoor were worth $2,799,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of FTDR. Boston Partners lifted its stake in shares of Frontdoor by 1.2% during the first quarter. Boston Partners now owns 5,980,271 shares of the company’s stock worth $229,891,000 after buying an additional 68,733 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in shares of Frontdoor by 33.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,752,723 shares of the company’s stock valued at $105,760,000 after acquiring an additional 685,148 shares during the period. Invesco Ltd. raised its stake in Frontdoor by 46.9% in the 1st quarter. Invesco Ltd. now owns 1,223,776 shares of the company’s stock worth $47,017,000 after acquiring an additional 390,434 shares during the last quarter. Northern Trust Corp lifted its position in Frontdoor by 3.2% during the 1st quarter. Northern Trust Corp now owns 963,544 shares of the company’s stock worth $37,019,000 after acquiring an additional 29,892 shares during the period. Finally, Nuveen LLC purchased a new stake in Frontdoor during the 1st quarter valued at about $32,213,000.

Frontdoor Trading Down 1.1%

Shares of NASDAQ:FTDR opened at $49.88 on Tuesday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 3.64. Frontdoor Inc. has a 12-month low of $35.61 and a 12-month high of $70.14. The business has a 50 day moving average of $65.05 and a two-hundred day moving average of $59.46. The company has a market capitalization of $3.60 billion, a PE ratio of 14.21 and a beta of 1.35.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. The business had revenue of $618.00 million for the quarter, compared to analysts’ expectations of $610.77 million. Frontdoor had a net margin of 12.87% and a return on equity of 122.74%. The business’s revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $1.38 EPS. Frontdoor has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts forecast that Frontdoor Inc. will post 3.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FTDR shares. Truist Financial increased their price objective on Frontdoor from $67.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Weiss Ratings downgraded shares of Frontdoor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. The Goldman Sachs Group raised their price target on shares of Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a research report on Wednesday, August 6th. Zacks Research cut shares of Frontdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Oppenheimer upped their price objective on shares of Frontdoor from $56.00 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $59.75.

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.