Schroder Investment Management Group Has $22.78 Million Stake in Frontdoor Inc. $FTDR

Schroder Investment Management Group boosted its stake in shares of Frontdoor Inc. (NASDAQ:FTDR) by 148.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 386,559 shares of the company’s stock after buying an additional 230,743 shares during the quarter. Schroder Investment Management Group owned approximately 0.53% of Frontdoor worth $22,784,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FTDR. Boston Partners raised its position in shares of Frontdoor by 1.2% during the first quarter. Boston Partners now owns 5,980,271 shares of the company’s stock worth $229,891,000 after acquiring an additional 68,733 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in Frontdoor by 33.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,752,723 shares of the company’s stock valued at $105,760,000 after purchasing an additional 685,148 shares during the period. Invesco Ltd. increased its position in Frontdoor by 46.9% during the 1st quarter. Invesco Ltd. now owns 1,223,776 shares of the company’s stock valued at $47,017,000 after purchasing an additional 390,434 shares during the period. Northern Trust Corp raised its holdings in Frontdoor by 3.2% during the 1st quarter. Northern Trust Corp now owns 963,544 shares of the company’s stock worth $37,019,000 after purchasing an additional 29,892 shares during the last quarter. Finally, Nuveen LLC bought a new position in Frontdoor during the 1st quarter worth approximately $32,213,000.

Analyst Upgrades and Downgrades

FTDR has been the subject of several recent analyst reports. Wall Street Zen cut shares of Frontdoor from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. The Goldman Sachs Group upped their price target on shares of Frontdoor from $44.00 to $50.00 and gave the company a “sell” rating in a research report on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Frontdoor in a report on Monday. Zacks Research lowered Frontdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Oppenheimer raised their price objective on shares of Frontdoor from $56.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $59.75.

Frontdoor Stock Performance

Shares of Frontdoor stock opened at $52.76 on Wednesday. The business has a 50-day simple moving average of $60.73 and a 200 day simple moving average of $59.66. Frontdoor Inc. has a one year low of $35.61 and a one year high of $70.14. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 15.03 and a beta of 1.32.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. The firm had revenue of $618.00 million during the quarter, compared to analysts’ expectations of $610.77 million. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.38 earnings per share. On average, research analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

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.