Oregon Public Employees Retirement Fund purchased a new stake in shares of Frontdoor, Inc. (NASDAQ:FTDR – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 27,100 shares of the company’s stock, valued at approximately $553,000.
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Several other large investors have also recently bought and sold shares of FTDR. Raymond James & Associates raised its position in Frontdoor by 25.1% during the first quarter. Raymond James & Associates now owns 9,646 shares of the company’s stock valued at $288,000 after buying an additional 1,933 shares during the period. US Bancorp DE grew its stake in Frontdoor by 11.0% in the first quarter. US Bancorp DE now owns 20,310 shares of the company’s stock valued at $606,000 after purchasing an additional 2,017 shares in the last quarter. Citigroup Inc. grew its stake in Frontdoor by 42.5% in the first quarter. Citigroup Inc. now owns 13,991 shares of the company’s stock valued at $418,000 after purchasing an additional 4,172 shares in the last quarter. MetLife Investment Management LLC purchased a new position in Frontdoor in the first quarter valued at about $128,000. Finally, BlackRock Inc. grew its stake in Frontdoor by 7.1% in the first quarter. BlackRock Inc. now owns 3,755,323 shares of the company’s stock valued at $112,096,000 after purchasing an additional 249,371 shares in the last quarter.
Analyst Upgrades and Downgrades
FTDR has been the topic of a number of recent research reports. Raymond James downgraded Frontdoor from an “outperform” rating to a “market perform” rating in a research note on Friday, November 4th. William Blair downgraded Frontdoor from an “outperform” rating to a “market perform” rating in a research note on Friday, November 4th.
Frontdoor Stock Performance
FTDR opened at $26.68 on Friday. The company has a market cap of $2.17 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 0.87 and a beta of 0.64. The stock has a 50-day moving average of $22.56 and a 200-day moving average of $23.19. Frontdoor, Inc. has a 52-week low of $19.06 and a 52-week high of $37.22. The company has a debt-to-equity ratio of 12.68, a quick ratio of 0.88 and a current ratio of 0.88.
Frontdoor (NASDAQ:FTDR – Get Rating) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.09. The company had revenue of $484.00 million during the quarter, compared to the consensus estimate of $475.31 million. Frontdoor had a return on equity of 1,165.71% and a net margin of 4.21%. As a group, equities research analysts forecast that Frontdoor, Inc. will post 1 earnings per share for the current fiscal year.
Frontdoor Profile
Frontdoor, Inc engages in the provision of home service plans. Its home service plans cover the repair or replacement of major home’s systems and appliances. The firm’s service focuses on water heaters, garbage disposals, doorbells, smoke detectors, ceiling fans, central vacuums, refrigerators, dishwashers and trash compactors.
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