Isthmus Partners LLC Has $37,000 Position in Frontdoor, Inc. (NASDAQ:FTDR)

Isthmus Partners LLC raised its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 0.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,249 shares of the company’s stock after purchasing an additional 603 shares during the period. Isthmus Partners LLC’s holdings in Frontdoor were worth $37,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Natixis Advisors L.P. acquired a new position in Frontdoor during the 4th quarter worth approximately $415,000. Charles Schwab Investment Management Inc. grew its position in Frontdoor by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 891,674 shares of the company’s stock valued at $31,405,000 after purchasing an additional 46,038 shares during the period. Versor Investments LP bought a new stake in Frontdoor during the 4th quarter valued at $333,000. Teacher Retirement System of Texas raised its holdings in Frontdoor by 41.6% during the fourth quarter. Teacher Retirement System of Texas now owns 60,086 shares of the company’s stock worth $2,116,000 after buying an additional 17,650 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Frontdoor by 7.5% in the fourth quarter. BNP Paribas Financial Markets now owns 175,755 shares of the company’s stock valued at $6,190,000 after buying an additional 12,248 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Frontdoor Stock Performance

Shares of FTDR stock traded down $0.29 during trading on Friday, hitting $47.59. The company’s stock had a trading volume of 455,738 shares, compared to its average volume of 751,826. The company has a market cap of $3.70 billion, a PE ratio of 20.87 and a beta of 1.04. Frontdoor, Inc. has a 52 week low of $28.25 and a 52 week high of $49.21. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.66. The business has a fifty day moving average of $41.77 and a 200-day moving average of $36.12.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Thursday, August 1st. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.27. The firm had revenue of $542.00 million during 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%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 EPS. As a group, research analysts anticipate that Frontdoor, Inc. will post 2.73 earnings per share for the current year.

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.