State of New Jersey Common Pension Fund D Sells 12,784 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

State of New Jersey Common Pension Fund D decreased its position in Frontdoor, Inc. (NASDAQ:FTDR) by 23.8% in the third quarter, Holdings Channel reports. The firm owned 40,907 shares of the company’s stock after selling 12,784 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Frontdoor were worth $1,963,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FTDR. Russell Investments Group Ltd. increased its position in shares of Frontdoor by 40.6% in the 1st quarter. Russell Investments Group Ltd. now owns 98,159 shares of the company’s stock valued at $3,198,000 after acquiring an additional 28,344 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Frontdoor by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 16,323 shares of the company’s stock worth $532,000 after purchasing an additional 1,126 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Frontdoor by 31.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 30,913 shares of the company’s stock worth $1,007,000 after purchasing an additional 7,410 shares during the last quarter. Vanguard Group Inc. raised its position 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 buying an additional 373,091 shares during the period. Finally, Covestor Ltd raised its position in shares of Frontdoor by 288.6% during the 1st quarter. Covestor Ltd now owns 1,154 shares of the company’s stock valued at $38,000 after buying an additional 857 shares during the period.

Wall Street Analysts Forecast Growth

FTDR has been the topic of a number of research analyst reports. Truist Financial boosted their target price on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. boosted 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 boosted their target price on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $49.50.

Frontdoor Stock Down 1.2 %

FTDR opened at $54.87 on Monday. The firm has a 50 day moving average price of $50.46 and a 200 day moving average price of $42.95. The company has a market cap of $4.16 billion, a PE ratio of 18.17 and a beta of 1.03. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $58.86. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.05 by $0.33. The company had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 EPS. Sell-side analysts expect that Frontdoor, Inc. will post 3.14 earnings per share for the current year.

Frontdoor Company 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.