Creative Planning Has $530,000 Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Creative Planning increased its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 7.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,691 shares of the company’s stock after acquiring an additional 1,040 shares during the quarter. Creative Planning’s holdings in Frontdoor were worth $530,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Millennium Management LLC boosted its position in shares of Frontdoor by 440.4% during the 2nd quarter. Millennium Management LLC now owns 908,904 shares of the company’s stock worth $30,712,000 after acquiring an additional 740,711 shares in the last quarter. Swedbank AB grew its position in Frontdoor by 112.7% in the second quarter. Swedbank AB now owns 1,210,600 shares of the company’s stock valued at $40,906,000 after acquiring an additional 641,476 shares during the last quarter. Boston Partners lifted its holdings in shares of Frontdoor by 8.9% in the first quarter. Boston Partners now owns 6,198,543 shares of the company’s stock worth $201,662,000 after acquiring an additional 506,217 shares during the last quarter. Invenomic Capital Management LP boosted its stake in shares of Frontdoor by 57.3% in the 1st quarter. Invenomic Capital Management LP now owns 1,072,445 shares of the company’s stock valued at $34,940,000 after purchasing an additional 390,610 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Frontdoor by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company’s stock valued at $331,636,000 after purchasing an additional 373,091 shares during the last quarter.

Frontdoor Stock Up 3.0 %

Shares of NASDAQ:FTDR opened at $51.09 on Tuesday. The firm has a market cap of $3.97 billion, a P/E ratio of 22.41 and a beta of 1.04. Frontdoor, Inc. has a 12-month low of $28.25 and a 12-month high of $51.12. The business has a fifty day simple moving average of $47.55 and a 200 day simple moving average of $39.21. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.66.

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

Wall Street Analysts Forecast Growth

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