Harbor Capital Advisors Inc. Boosts Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Harbor Capital Advisors Inc. lifted its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 84.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,408 shares of the company’s stock after purchasing an additional 84,167 shares during the period. Harbor Capital Advisors Inc. owned about 0.24% of Frontdoor worth $8,850,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC purchased a new stake in Frontdoor during the 1st quarter worth approximately $549,000. Janney Montgomery Scott LLC raised its stake in Frontdoor by 288.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 29,807 shares of the company’s stock valued at $971,000 after purchasing an additional 22,136 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Frontdoor by 25.2% in the 1st quarter. Nordea Investment Management AB now owns 295,885 shares of the company’s stock valued at $9,631,000 after purchasing an additional 59,572 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in Frontdoor in the 1st quarter valued at $180,000. Finally, GSA Capital Partners LLP boosted its stake in Frontdoor by 188.5% during the 1st quarter. GSA Capital Partners LLP now owns 31,581 shares of the company’s stock worth $1,029,000 after purchasing an additional 20,635 shares during the last quarter.

Frontdoor Stock Performance

Frontdoor stock opened at $49.52 on Friday. The firm has a 50 day simple moving average of $48.81 and a 200-day simple moving average of $41.08. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 18.97 and a beta of 1.03. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.27. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $53.10.

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

Analyst Upgrades and Downgrades

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

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.