Janus Henderson Group PLC Has $4.35 Million Stake in Frontdoor, Inc. (NASDAQ:FTDR)

Janus Henderson Group PLC grew its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 43.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 90,542 shares of the company’s stock after buying an additional 27,280 shares during the period. Janus Henderson Group PLC owned approximately 0.12% of Frontdoor worth $4,347,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Exchange Traded Concepts LLC bought a new stake in shares of Frontdoor in the 3rd quarter worth approximately $27,000. V Square Quantitative Management LLC acquired a new stake in Frontdoor during the third quarter worth $31,000. Isthmus Partners LLC increased its holdings in Frontdoor by 0.5% in the 2nd quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock valued at $37,000 after buying an additional 603 shares during the period. Quarry LP raised its stake in shares of Frontdoor by 468.1% in the 2nd quarter. Quarry LP now owns 1,085 shares of the company’s stock valued at $37,000 after buying an additional 894 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Frontdoor by 89.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,667 shares of the company’s stock valued at $80,000 after buying an additional 788 shares in the last quarter.

Analyst Ratings Changes

A number of analysts recently weighed in on FTDR shares. Truist Financial upped their target price on shares of Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group upped their price objective on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $49.50.

Frontdoor Trading Up 2.3 %

Shares of FTDR stock opened at $58.82 on Wednesday. The company has a market capitalization of $4.46 billion, a P/E ratio of 19.48 and a beta of 1.08. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $60.42. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The firm has a 50-day moving average price of $53.75 and a 200 day moving average price of $45.59.

Frontdoor (NASDAQ:FTDR) last announced its earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.05 by $0.33. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business had revenue of $540.00 million for the quarter, compared to the consensus estimate of $541.88 million. During the same period in the previous year, the business earned $0.94 EPS. Frontdoor’s revenue was up 3.1% compared to the same quarter last year. Research analysts forecast that Frontdoor, Inc. will post 3.14 earnings per share for the current fiscal year.

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.