AlphaMark Advisors LLC Acquires New Shares in Frontdoor, Inc. (NASDAQ:FTDR)

AlphaMark Advisors LLC bought a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR) during the 1st quarter, HoldingsChannel reports. The firm bought 8,645 shares of the company’s stock, valued at approximately $282,000.

A number of other large investors have also recently made changes to their positions in the stock. Boston Partners lifted its holdings in Frontdoor by 19.7% during the 4th quarter. Boston Partners now owns 5,692,326 shares of the company’s stock worth $200,186,000 after purchasing an additional 938,541 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Frontdoor by 1,152.1% during the fourth quarter. Victory Capital Management Inc. now owns 1,017,473 shares of the company’s stock valued at $35,835,000 after buying an additional 936,209 shares during the period. Norges Bank purchased a new stake in shares of Frontdoor in the fourth quarter worth about $18,725,000. Vanguard Group Inc. boosted its position in shares of Frontdoor by 4.5% in the third quarter. Vanguard Group Inc. now owns 9,556,259 shares of the company’s stock valued at $292,326,000 after acquiring an additional 413,393 shares during the period. Finally, Reinhart Partners LLC. grew its stake in Frontdoor by 15.4% during the first quarter. Reinhart Partners LLC. now owns 2,288,768 shares of the company’s stock valued at $74,568,000 after acquiring an additional 304,645 shares in the last quarter.

Frontdoor Stock Performance

Shares of FTDR opened at $33.39 on Tuesday. 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 price of $34.75 and a 200-day moving average price of $33.34. The company has a market cap of $2.60 billion, a PE ratio of 14.64 and a beta of 1.00. Frontdoor, Inc. has a 12-month low of $28.25 and a 12-month high of $38.97.

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

Analyst Ratings Changes

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

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.