California State Teachers Retirement System Boosts Stock Holdings in Frontdoor Inc. $FTDR

California State Teachers Retirement System grew its position in Frontdoor Inc. (NASDAQ:FTDR) by 20.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 82,866 shares of the company’s stock after purchasing an additional 13,941 shares during the period. California State Teachers Retirement System’s holdings in Frontdoor were worth $4,380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA grew its holdings in shares of Frontdoor by 256.3% in the fourth quarter. Private Trust Co. NA now owns 563 shares of the company’s stock valued at $32,000 after acquiring an additional 405 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Frontdoor by 164.6% in the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after acquiring an additional 497 shares during the last quarter. Quarry LP grew its position in shares of Frontdoor by 429.5% during the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after acquiring an additional 713 shares during the period. Global Retirement Partners LLC increased its stake in shares of Frontdoor by 8,376.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock worth $64,000 after purchasing an additional 1,089 shares during the last quarter. Finally, Huntington National Bank increased its position in Frontdoor by 18.8% in the fourth quarter. Huntington National Bank now owns 1,723 shares of the company’s stock worth $99,000 after buying an additional 273 shares during the last quarter.

Wall Street Analysts Forecast Growth

FTDR has been the topic of a number of recent research reports. Truist Financial upped their price target on shares of Frontdoor from $82.00 to $105.00 and gave the company a “buy” rating in a research note on Friday. Weiss Ratings lowered Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. Benchmark raised their target price on Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday. The Goldman Sachs Group restated a “neutral” rating on shares of Frontdoor in a research report on Friday. Finally, Oppenheimer upped their target price on shares of Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Frontdoor currently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Frontdoor Stock Performance

NASDAQ FTDR opened at $90.83 on Friday. The company has a fifty day moving average of $72.99 and a 200-day moving average of $64.73. Frontdoor Inc. has a 52-week low of $48.47 and a 52-week high of $93.43. The company has a debt-to-equity ratio of 3.98, a quick ratio of 1.47 and a current ratio of 1.59. The company has a market capitalization of $6.38 billion, a P/E ratio of 24.09 and a beta of 1.47.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.17. The company had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $643.40 million. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%.Frontdoor’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $1.63 EPS. As a group, equities research analysts predict that Frontdoor Inc. will post 4.48 EPS for the current fiscal year.

Key Frontdoor News

Here are the key news stories impacting Frontdoor this week:

• Positive Sentiment: Q2 earnings beat expectations: Frontdoor reported adjusted earnings of $1.93 per share, above the $1.76–$1.78 analyst estimates and up from $1.63 a year ago. Revenue increased 4.5% year over year to $645 million, modestly ahead of the $643.4 million consensus. Frontdoor Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Guidance and operating trends improved: Management raised its full-year revenue outlook to approximately $2.19 billion–$2.21 billion. The outlook reflects returning membership growth and margin expansion, while third-quarter revenue guidance of $642 million–$652 million is above the $641.1 million consensus. FTDR Q2 Deep Dive
• Positive Sentiment: Shareholder returns support sentiment: Frontdoor plans to repurchase up to $330 million of its shares in 2026, which could reduce the share count and provide additional support for earnings per share. Frontdoor Plans 2026 Buybacks
• Positive Sentiment: Analysts became more bullish: Benchmark raised its price target from $80 to $96 and assigned a Buy rating, while Truist increased its target from $82 to $105 and also rated the stock Buy. The revisions indicate greater confidence in Frontdoor’s earnings outlook following the quarterly results. Benzinga analyst updates

Frontdoor Profile

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.