Kennedy Capital Management LLC Decreases Holdings in Frontdoor Inc. $FTDR

Kennedy Capital Management LLC trimmed its holdings in Frontdoor Inc. (NASDAQ:FTDR) by 20.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,684 shares of the company’s stock after selling 38,416 shares during the period. Kennedy Capital Management LLC owned 0.21% of Frontdoor worth $8,635,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Private Trust Co. NA raised its position in shares of Frontdoor by 256.3% in the fourth quarter. Private Trust Co. NA now owns 563 shares of the company’s stock valued at $32,000 after buying an additional 405 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Frontdoor by 164.6% in the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after buying an additional 497 shares during the last quarter. Quarry LP raised its position in shares of Frontdoor by 429.5% in the third quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after buying an additional 713 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Frontdoor by 8,376.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock valued at $64,000 after buying an additional 1,089 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in shares of Frontdoor in the third quarter valued at about $87,000.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FTDR. The Goldman Sachs Group upgraded shares of Frontdoor from a “sell” rating to a “neutral” rating and increased their target price for the company from $50.00 to $67.00 in a research report on Monday, March 2nd. Weiss Ratings cut shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. Benchmark began coverage on shares of Frontdoor in a research report on Thursday, March 26th. They issued a “buy” rating and a $80.00 target price for the company. Oppenheimer reiterated an “outperform” rating and issued a $70.00 target price on shares of Frontdoor in a research report on Thursday, February 26th. Finally, Wall Street Zen cut shares of Frontdoor from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

Frontdoor Price Performance

Frontdoor stock opened at $68.83 on Monday. Frontdoor Inc. has a 12-month low of $48.47 and a 12-month high of $70.77. The stock has a market cap of $4.83 billion, a P/E ratio of 19.72 and a beta of 1.50. The company has a 50-day moving average price of $61.90 and a 200 day moving average price of $59.57. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.95.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data 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. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The firm had revenue of $451.00 million during the quarter, compared to analysts’ expectations of $442.28 million. During the same period last year, the business earned $0.64 earnings per share. Frontdoor’s revenue was up 5.9% compared to the same quarter last year. Sell-side analysts anticipate that Frontdoor Inc. will post 4.48 earnings per share for the current year.

About Frontdoor

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.