Royce & Associates LP Sells 17,641 Shares of Frontdoor Inc. $FTDR

Royce & Associates LP cut its stake in shares of Frontdoor Inc. (NASDAQ:FTDR) by 13.3% during the 3rd quarter, Holdings Channel reports. The fund owned 115,175 shares of the company’s stock after selling 17,641 shares during the period. Royce & Associates LP’s holdings in Frontdoor were worth $7,750,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Choreo LLC increased its stake in Frontdoor by 7.4% in the third quarter. Choreo LLC now owns 17,612 shares of the company’s stock valued at $1,185,000 after purchasing an additional 1,216 shares in the last quarter. US Bancorp DE grew its stake in shares of Frontdoor by 20.4% in the 3rd quarter. US Bancorp DE now owns 4,144 shares of the company’s stock valued at $279,000 after buying an additional 702 shares during the period. Empirical Asset Management LLC acquired a new stake in shares of Frontdoor in the 3rd quarter valued at about $804,000. Hillsdale Investment Management Inc. increased its position in Frontdoor by 8.1% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 144,240 shares of the company’s stock valued at $9,706,000 after buying an additional 10,800 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Frontdoor by 2.3% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 488,874 shares of the company’s stock worth $32,897,000 after buying an additional 10,938 shares during the period.

Frontdoor Trading Up 2.4%

Shares of Frontdoor stock opened at $69.11 on Wednesday. The company has a market capitalization of $4.88 billion, a P/E ratio of 20.27 and a beta of 1.31. The stock has a fifty day simple moving average of $58.92 and a 200 day simple moving average of $59.96. Frontdoor Inc. has a 12-month low of $35.61 and a 12-month high of $70.77. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 4.73.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.12. The business had revenue of $433.00 million for the quarter, compared to analysts’ expectations of $421.62 million. Frontdoor had a return on equity of 120.79% and a net margin of 12.18%.The business’s revenue was up 13.1% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. On average, sell-side analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. The Goldman Sachs Group raised Frontdoor from a “sell” rating to a “neutral” rating and raised their price objective for the company from $50.00 to $67.00 in a research note on Monday. Wall Street Zen upgraded Frontdoor from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings restated a “hold (c+)” rating on shares of Frontdoor in a research note on Monday, December 29th. Truist Financial set a $71.00 price objective on shares of Frontdoor in a report on Monday, January 26th. Finally, Oppenheimer reiterated an “outperform” rating and set a $70.00 price objective on shares of Frontdoor in a report on Thursday, February 26th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $65.75.

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.