Strs Ohio Decreases Stock Position in Frontdoor Inc. $FTDR

Strs Ohio cut its position in Frontdoor Inc. (NASDAQ:FTDR) by 17.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,700 shares of the company’s stock after selling 4,500 shares during the period. Strs Ohio’s holdings in Frontdoor were worth $1,279,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in Frontdoor by 2.3% during the first quarter. Principal Financial Group Inc. now owns 408,982 shares of the company’s stock worth $15,713,000 after buying an additional 9,161 shares in the last quarter. Ethic Inc. purchased a new position in Frontdoor during the second quarter worth approximately $222,000. Vanguard Personalized Indexing Management LLC purchased a new position in Frontdoor during the second quarter worth approximately $348,000. Wealth Enhancement Advisory Services LLC purchased a new position in Frontdoor during the second quarter worth approximately $247,000. Finally, New York State Common Retirement Fund lifted its position in Frontdoor by 775.3% during the first quarter. New York State Common Retirement Fund now owns 212,552 shares of the company’s stock worth $8,166,000 after buying an additional 188,268 shares in the last quarter.

Frontdoor Price Performance

FTDR stock opened at $55.26 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56. The company has a market capitalization of $4.03 billion, a PE ratio of 16.30 and a beta of 1.35. Frontdoor Inc. has a 12-month low of $35.61 and a 12-month high of $70.14. The business’s fifty day moving average price is $65.69 and its 200 day moving average price is $59.12.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.09. The firm had revenue of $618.00 million for the quarter, compared to the consensus estimate of $610.77 million. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.38 EPS. Frontdoor has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Frontdoor Inc. will post 3.07 EPS for the current year.

Wall Street Analyst Weigh In

FTDR has been the topic of a number of analyst reports. Truist Financial lifted their price objective on Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Zacks Research downgraded Frontdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. 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. Oppenheimer increased 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 raised Frontdoor from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Frontdoor has an average rating of “Hold” and a consensus target price of $59.75.

About Frontdoor

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.