LRI Investments LLC Decreases Position in Frontdoor Inc. (NASDAQ:FTDR)

LRI Investments LLC trimmed its position in shares of Frontdoor Inc. (NASDAQ:FTDR) by 28.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,003 shares of the company’s stock after selling 1,598 shares during the quarter. LRI Investments LLC’s holdings in Frontdoor were worth $154,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FTDR. Wasatch Advisors LP purchased a new stake in Frontdoor during the fourth quarter worth $56,507,000. Price T Rowe Associates Inc. MD lifted its position in shares of Frontdoor by 621.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 881,083 shares of the company’s stock valued at $48,169,000 after acquiring an additional 758,947 shares in the last quarter. Reinhart Partners LLC. lifted its position in shares of Frontdoor by 16.2% in the first quarter. Reinhart Partners LLC. now owns 2,368,684 shares of the company’s stock valued at $91,005,000 after acquiring an additional 331,066 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Frontdoor in the fourth quarter valued at $17,465,000. Finally, Norges Bank purchased a new stake in shares of Frontdoor in the fourth quarter valued at $14,358,000.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their price objective on Frontdoor from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, June 3rd.

Frontdoor Stock Up 0.8%

Shares of NASDAQ:FTDR opened at $58.45 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.88. Frontdoor Inc. has a 52-week low of $34.60 and a 52-week high of $63.49. The stock’s fifty day simple moving average is $56.37 and its 200-day simple moving average is $51.17. The company has a market capitalization of $4.30 billion, a P/E ratio of 18.92 and a beta of 1.28.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Thursday, May 1st. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.37 by $0.27. The firm had revenue of $426.00 million during the quarter, compared to analyst estimates of $416.37 million. Frontdoor had a return on equity of 121.05% and a net margin of 12.59%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share. As a group, equities research analysts forecast that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

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.