Jefferies Financial Group Inc. Purchases New Shares in Frontdoor Inc. $FTDR

Jefferies Financial Group Inc. purchased a new stake in shares of Frontdoor Inc. (NASDAQ:FTDR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 24,000 shares of the company’s stock, valued at approximately $1,385,000.

A number of other hedge funds also recently bought and sold shares of the business. Swedbank AB raised its stake in Frontdoor by 6.0% during the fourth quarter. Swedbank AB now owns 1,283,600 shares of the company’s stock valued at $74,051,000 after purchasing an additional 73,000 shares in the last quarter. Invesco Ltd. raised its stake in Frontdoor by 2.5% during the third quarter. Invesco Ltd. now owns 1,108,815 shares of the company’s stock valued at $74,612,000 after purchasing an additional 27,410 shares in the last quarter. Wasatch Advisors LP raised its stake in Frontdoor by 2.7% during the third quarter. Wasatch Advisors LP now owns 968,286 shares of the company’s stock valued at $65,156,000 after purchasing an additional 25,613 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in Frontdoor by 18.6% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 744,513 shares of the company’s stock valued at $42,951,000 after purchasing an additional 116,722 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Frontdoor by 4.7% during the second quarter. Bank of America Corp DE now owns 699,289 shares of the company’s stock valued at $41,216,000 after purchasing an additional 31,087 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms recently issued reports on FTDR. The Goldman Sachs Group raised shares of Frontdoor from a “sell” rating to a “neutral” rating and upped their price target for the company from $50.00 to $67.00 in a research note on Monday, March 2nd. Wall Street Zen downgraded shares of Frontdoor from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Weiss Ratings downgraded shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. Benchmark initiated coverage on shares of Frontdoor in a research note on Thursday, March 26th. They issued a “buy” rating and a $80.00 target price on the stock. Finally, Oppenheimer reissued an “outperform” rating and issued a $70.00 target price on shares of Frontdoor in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.60.

Frontdoor Stock Up 0.2%

Shares of Frontdoor stock opened at $62.09 on Friday. The company has a debt-to-equity ratio of 4.95, a current ratio of 1.47 and a quick ratio of 1.47. Frontdoor Inc. has a 1 year low of $48.47 and a 1 year high of $70.77. The firm’s 50-day moving average is $60.14 and its two-hundred day moving average is $58.52. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 17.79 and a beta of 1.55.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Thursday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. The company had revenue of $451.00 million for the quarter, compared to analysts’ expectations of $442.28 million. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 EPS. As a group, research analysts expect that Frontdoor Inc. will post 4.48 earnings per share for the current fiscal year.

Frontdoor Company Profile

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.