Swiss National Bank Lowers Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Swiss National Bank decreased its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,003 shares of the company’s stock after selling 2,200 shares during the quarter. Swiss National Bank’s holdings in Frontdoor were worth $7,295,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. BOKF NA bought a new stake in shares of Frontdoor in the 2nd quarter worth $493,000. Harbor Capital Advisors Inc. increased its holdings in shares of Frontdoor by 84.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company’s stock worth $8,850,000 after purchasing an additional 84,167 shares in the last quarter. Swedbank AB bought a new stake in shares of Frontdoor in the 1st quarter worth $18,542,000. CANADA LIFE ASSURANCE Co increased its holdings in shares of Frontdoor by 22.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 125,556 shares of the company’s stock worth $4,092,000 after purchasing an additional 23,194 shares in the last quarter. Finally, Natixis Advisors LLC bought a new stake in shares of Frontdoor in the 2nd quarter worth $513,000.

Frontdoor Stock Performance

Shares of FTDR opened at $59.54 on Tuesday. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $60.42. The firm has a market capitalization of $4.51 billion, a P/E ratio of 19.72 and a beta of 1.03. The business has a fifty day moving average of $51.31 and a 200 day moving average of $43.68.

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on FTDR. Truist Financial lifted their target price on Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their target price on Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. The Goldman Sachs Group lifted their price objective on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Finally, William Blair raised Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. One research 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. According to MarketBeat.com, Frontdoor presently has a consensus rating of “Hold” and a consensus target price of $49.50.

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.