TD Asset Management Inc Invests $1.51 Million in Frontdoor Inc. $FTDR

TD Asset Management Inc acquired a new position in shares of Frontdoor Inc. (NASDAQ:FTDR) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 25,616 shares of the company’s stock, valued at approximately $1,510,000.

Several other large investors have also modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Frontdoor in the first quarter worth $42,000. IFP Advisors Inc boosted its position in shares of Frontdoor by 80,766.7% in the first quarter. IFP Advisors Inc now owns 2,426 shares of the company’s stock worth $93,000 after buying an additional 2,423 shares during the period. GAMMA Investing LLC boosted its position in shares of Frontdoor by 16.5% in the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company’s stock worth $94,000 after buying an additional 347 shares during the period. CWM LLC boosted its position in shares of Frontdoor by 91.2% in the first quarter. CWM LLC now owns 2,574 shares of the company’s stock worth $99,000 after buying an additional 1,228 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Frontdoor by 70.3% in the first quarter. Blue Trust Inc. now owns 2,780 shares of the company’s stock worth $107,000 after buying an additional 1,148 shares during the period.

Frontdoor Price Performance

Shares of NASDAQ:FTDR opened at $67.82 on Thursday. Frontdoor Inc. has a fifty-two week low of $35.61 and a fifty-two week high of $69.36. The business has a 50-day moving average of $64.42 and a two-hundred day moving average of $56.98. The stock has a market capitalization of $4.94 billion, a P/E ratio of 20.01 and a beta of 1.33. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.49 and a quick ratio of 1.49.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.19. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The company had revenue of $617.00 million during the quarter, compared to analysts’ expectations of $602.62 million. During the same quarter in the previous year, the firm earned $1.27 earnings per share. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts predict that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a report on Wednesday, August 6th. Zacks Research lowered Frontdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Weiss Ratings lowered Frontdoor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Oppenheimer increased their price objective on Frontdoor from $56.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Finally, Truist Financial increased their price objective on Frontdoor from $67.00 to $71.00 and gave the stock a “buy” 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $59.75.

Insider Activity at Frontdoor

In other news, SVP Jeffrey Fiarman sold 129,673 shares of Frontdoor stock in a transaction dated 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 transaction, the senior vice president directly owned 34,646 shares in the company, valued at approximately $1,945,372.90. The trade was a 78.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.48% of the company’s stock.

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.