TD Asset Management Inc Sells 7,598 Shares of Frontdoor Inc. $FTDR

TD Asset Management Inc reduced its holdings in Frontdoor Inc. (NASDAQ:FTDR) by 29.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 18,018 shares of the company’s stock after selling 7,598 shares during the quarter. TD Asset Management Inc’s holdings in Frontdoor were worth $1,212,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Hillsdale Investment Management Inc. increased its position in shares of Frontdoor by 8.1% in the third quarter. Hillsdale Investment Management Inc. now owns 144,240 shares of the company’s stock valued at $9,706,000 after acquiring an additional 10,800 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of 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 purchasing an additional 10,938 shares during the last quarter. Beirne Wealth Consulting Services LLC bought a new stake in shares of Frontdoor during the 3rd quarter worth approximately $221,000. JPMorgan Chase & Co. raised its stake in shares of Frontdoor by 26.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 225,385 shares of the company’s stock worth $15,166,000 after purchasing an additional 47,587 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of Frontdoor by 3.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 36,255 shares of the company’s stock valued at $2,440,000 after buying an additional 1,182 shares during the last quarter.

Frontdoor Stock Up 0.3%

Shares of FTDR opened at $68.13 on Friday. The firm has a market cap of $4.81 billion, a P/E ratio of 19.98 and a beta of 1.31. The company has a debt-to-equity ratio of 4.73, a quick ratio of 1.55 and a current ratio of 1.55. Frontdoor Inc. has a 52 week low of $35.61 and a 52 week high of $70.77. The firm’s 50-day simple moving average is $59.33 and its 200 day simple moving average is $60.07.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FTDR shares. Weiss Ratings restated a “hold (c+)” rating on shares of Frontdoor in a report on Monday, December 29th. Oppenheimer reissued an “outperform” rating and issued a $70.00 price objective on shares of Frontdoor in a research report on Thursday, February 26th. The Goldman Sachs Group raised shares of Frontdoor from a “sell” rating to a “neutral” rating and upped their target price for the company from $50.00 to $67.00 in a report on Monday. Truist Financial set a $71.00 target price on shares of Frontdoor in a research note on Monday, January 26th. Finally, Wall Street Zen raised Frontdoor from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $65.75.

About Frontdoor

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.