Federated Hermes Inc. Has $6.03 Million Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Federated Hermes Inc. raised its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 0.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 178,516 shares of the company’s stock after acquiring an additional 244 shares during the quarter. Federated Hermes Inc.’s holdings in Frontdoor were worth $6,032,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Illinois Municipal Retirement Fund grew its stake in shares of Frontdoor by 0.7% in the first quarter. Illinois Municipal Retirement Fund now owns 46,552 shares of the company’s stock worth $1,517,000 after purchasing an additional 321 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Frontdoor by 13.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,839 shares of the company’s stock worth $100,000 after buying an additional 341 shares during the period. Tidal Investments LLC grew its position in shares of Frontdoor by 2.2% in the 1st quarter. Tidal Investments LLC now owns 15,740 shares of the company’s stock valued at $513,000 after buying an additional 344 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Frontdoor by 90.7% in the second quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock valued at $30,000 after buying an additional 418 shares during the period. Finally, Isthmus Partners LLC increased its stake in shares of Frontdoor by 0.5% in the second quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock valued at $37,000 after buying an additional 603 shares during the period.

Frontdoor Price Performance

Shares of FTDR opened at $48.42 on Thursday. The firm has a market cap of $3.77 billion, a PE ratio of 21.24 and a beta of 1.03. Frontdoor, Inc. has a 52-week low of $28.25 and a 52-week high of $49.40. The business’s 50 day moving average price is $43.74 and its two-hundred day moving average price is $36.95. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.27 and a current ratio of 1.27.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Thursday, August 1st. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.27. The company had revenue of $542.00 million for the quarter, compared to the consensus estimate of $536.74 million. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. Frontdoor’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.87 EPS. On average, equities analysts anticipate that Frontdoor, Inc. will post 2.79 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on FTDR shares. William Blair raised Frontdoor from a “market perform” rating to an “outperform” rating in a research note on Friday, August 2nd. Truist Financial upped their price objective on shares of Frontdoor from $45.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. lifted their target price on shares of Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, August 12th. Finally, The Goldman Sachs Group upped their price target on shares of Frontdoor from $33.00 to $41.00 and gave the company a “sell” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $47.75.

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.