Los Angeles Capital Management LLC Has $3.06 Million Position in Frontdoor, Inc. (NASDAQ:FTDR)

Los Angeles Capital Management LLC lifted its position in Frontdoor, Inc. (NASDAQ:FTDR) by 3.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,699 shares of the company’s stock after acquiring an additional 2,202 shares during the period. Los Angeles Capital Management LLC owned approximately 0.08% of Frontdoor worth $3,057,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC acquired a new stake in Frontdoor in the third quarter worth $27,000. V Square Quantitative Management LLC acquired a new stake in Frontdoor during the 3rd quarter worth $31,000. GAMMA Investing LLC lifted its holdings in Frontdoor by 90.7% during the second quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after acquiring an additional 418 shares in the last quarter. Quarry LP grew its stake in Frontdoor by 468.1% in the second quarter. Quarry LP now owns 1,085 shares of the company’s stock valued at $37,000 after acquiring an additional 894 shares during the period. Finally, Covestor Ltd grew its stake in Frontdoor by 288.6% in the first quarter. Covestor Ltd now owns 1,154 shares of the company’s stock valued at $38,000 after acquiring an additional 857 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FTDR shares. The Goldman Sachs Group lifted their price objective on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on shares of Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. Finally, Truist Financial raised their price objective on shares of Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $49.50.

Frontdoor Price Performance

NASDAQ:FTDR opened at $56.78 on Wednesday. Frontdoor, Inc. has a 52-week low of $29.41 and a 52-week high of $58.86. The company has a market cap of $4.31 billion, a P/E ratio of 18.80 and a beta of 1.03. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.27 and a current ratio of 1.42. The stock’s 50-day simple moving average is $49.99 and its 200 day simple moving average is $42.43.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data 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 the consensus estimate of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 EPS. As a group, sell-side analysts forecast that Frontdoor, Inc. will post 3.14 EPS for the current fiscal 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.