LRI Investments LLC Makes New Investment in Frontdoor, Inc. (NASDAQ:FTDR)

LRI Investments LLC bought a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 6,856 shares of the company’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund boosted its position in shares of Frontdoor by 0.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 46,552 shares of the company’s stock valued at $1,517,000 after acquiring an additional 321 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Frontdoor by 13.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,839 shares of the company’s stock valued at $100,000 after acquiring an additional 341 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in Frontdoor by 5.3% in the 4th quarter. Meeder Asset Management Inc. now owns 7,137 shares of the company’s stock valued at $251,000 after buying an additional 359 shares during the period. Meritage Portfolio Management lifted its position in Frontdoor by 5.6% in the fourth quarter. Meritage Portfolio Management now owns 10,165 shares of the company’s stock valued at $358,000 after buying an additional 537 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in Frontdoor by 6.1% in the fourth quarter. Handelsbanken Fonder AB now owns 13,900 shares of the company’s stock valued at $490,000 after buying an additional 800 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company upped their target price on shares of Frontdoor from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Frontdoor has an average rating of “Hold” and a consensus price target of $40.00.

Frontdoor Trading Up 3.4 %

NASDAQ FTDR traded up $1.25 during trading hours on Friday, reaching $38.17. The company had a trading volume of 559,474 shares, compared to its average volume of 696,860. The stock has a market capitalization of $2.97 billion, a P/E ratio of 16.74 and a beta of 1.00. Frontdoor, Inc. has a 1-year low of $28.25 and a 1-year high of $38.97. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 3.54. The stock has a 50-day moving average of $35.37 and a 200 day moving average of $33.44.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.23. The business had revenue of $378.00 million for the quarter, compared to analysts’ expectations of $376.36 million. Frontdoor had a net margin of 10.27% and a return on equity of 132.00%. As a group, research analysts anticipate that Frontdoor, Inc. will post 2.52 earnings per share for the current fiscal year.

Frontdoor Profile

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.