Louisiana State Employees Retirement System Sells 1,300 Shares of Frontdoor Inc. $FTDR

Louisiana State Employees Retirement System reduced its holdings in Frontdoor Inc. (NASDAQ:FTDR) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,400 shares of the company’s stock after selling 1,300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Frontdoor were worth $2,028,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new stake in Frontdoor in the first quarter valued at approximately $42,000. IFP Advisors Inc grew its stake in Frontdoor by 80,766.7% in the first quarter. IFP Advisors Inc now owns 2,426 shares of the company’s stock valued at $93,000 after acquiring an additional 2,423 shares during the period. GAMMA Investing LLC boosted its position in shares of Frontdoor by 16.5% during the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company’s stock valued at $94,000 after buying an additional 347 shares during the last quarter. CWM LLC boosted its position in shares of Frontdoor by 91.2% during the first quarter. CWM LLC now owns 2,574 shares of the company’s stock valued at $99,000 after buying an additional 1,228 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Frontdoor by 70.3% during the first quarter. Blue Trust Inc. now owns 2,780 shares of the company’s stock valued at $107,000 after buying an additional 1,148 shares during the last quarter.

Analysts Set New Price Targets

FTDR has been the topic of several analyst reports. Zacks Research raised Frontdoor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 27th. The Goldman Sachs Group lifted their target price on Frontdoor from $44.00 to $50.00 and gave the company a “sell” rating in a research report on Wednesday, August 6th. Truist Financial lifted their price target on Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Oppenheimer lifted their price target on Frontdoor from $56.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Finally, Weiss Ratings lowered Frontdoor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $59.75.

Frontdoor Stock Performance

Shares of Frontdoor stock opened at $64.53 on Friday. The business’s fifty day simple moving average is $62.94 and its 200 day simple moving average is $55.57. The firm has a market capitalization of $4.70 billion, a P/E ratio of 19.04 and a beta of 1.33. Frontdoor Inc. has a 12 month low of $35.61 and a 12 month high of $69.36. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.19. The firm had revenue of $617.00 million for the quarter, compared to analyst estimates of $602.62 million. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The business’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.27 earnings per share. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts anticipate that Frontdoor Inc. will post 3.07 EPS for the current year.

Insider Activity

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $56.15, for a total value of $7,281,138.95. Following the sale, the senior vice president directly owned 34,646 shares in the company, valued at $1,945,372.90. The trade was a 78.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.48% of the stock is currently owned by insiders.

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.