Frontdoor, Inc. (NASDAQ:FTDR) is Reinhart Partners LLC.’s 2nd Largest Position

Reinhart Partners LLC. cut its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 2.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,276,696 shares of the company’s stock after selling 54,241 shares during the quarter. Frontdoor comprises 4.1% of Reinhart Partners LLC.’s portfolio, making the stock its 2nd biggest position. Reinhart Partners LLC.’s holdings in Frontdoor were worth $109,259,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its stake in shares of Frontdoor by 44.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 870,440 shares of the company’s stock worth $30,657,000 after purchasing an additional 267,762 shares during the period. Vanguard Group Inc. grew its stake in shares of Frontdoor by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 9,806,048 shares of the company’s stock worth $345,369,000 after purchasing an additional 249,789 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Frontdoor by 10.1% during the 1st quarter. Los Angeles Capital Management LLC now owns 80,624 shares of the company’s stock worth $2,627,000 after purchasing an additional 7,401 shares during the period. AlphaMark Advisors LLC acquired a new stake in shares of Frontdoor during the 1st quarter worth approximately $282,000. Finally, Principal Financial Group Inc. grew its stake in shares of Frontdoor by 1.6% during the 1st quarter. Principal Financial Group Inc. now owns 441,726 shares of the company’s stock worth $14,391,000 after purchasing an additional 6,931 shares during the period.

Frontdoor Trading Up 1.7 %

Shares of FTDR opened at $49.59 on Friday. Frontdoor, Inc. has a 52-week low of $28.25 and a 52-week high of $49.70. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.66. The firm’s fifty day moving average is $47.40 and its two-hundred day moving average is $38.98. The stock has a market cap of $3.80 billion, a PE ratio of 19.00 and a beta of 1.04.

Frontdoor (NASDAQ:FTDR) last announced its earnings results on Thursday, August 1st. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.27. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. The company had revenue of $542.00 million for the quarter, compared to analysts’ expectations of $536.74 million. During the same quarter in the previous year, the company posted $0.87 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Research analysts forecast that Frontdoor, Inc. will post 2.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FTDR shares. William Blair raised shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research note on Friday, August 2nd. 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. The Goldman Sachs Group lifted their price target on shares of Frontdoor from $33.00 to $41.00 and gave the company a “sell” rating in a research note on Friday, August 2nd. Finally, Truist Financial lifted their price target on shares of Frontdoor from $45.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One equities research 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. According to data from MarketBeat, Frontdoor presently has an average rating of “Hold” and an average 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.