Frontdoor, Inc. (NASDAQ:FTDR – Get Rating) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 4,510,000 shares, a decline of 5.6% from the January 31st total of 4,780,000 shares. Based on an average trading volume of 639,700 shares, the days-to-cover ratio is presently 7.1 days. Currently, 5.6% of the shares of the stock are short sold.
Frontdoor Trading Down 3.8 %
Shares of NASDAQ FTDR opened at $28.34 on Monday. The company has a debt-to-equity ratio of 9.70, a current ratio of 0.91 and a quick ratio of 0.88. The stock has a market capitalization of $2.31 billion, a P/E ratio of 32.95 and a beta of 0.71. Frontdoor has a 1-year low of $19.06 and a 1-year high of $33.88. The business has a fifty day moving average price of $25.55 and a 200 day moving average price of $23.52.
Frontdoor (NASDAQ:FTDR – Get Rating) last issued its quarterly earnings data on Wednesday, March 1st. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.25. Frontdoor had a return on equity of 442.55% and a net margin of 4.27%. The firm had revenue of $339.00 million during the quarter, compared to analysts’ expectations of $333.26 million. During the same period in the prior year, the business posted $0.10 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. Equities research analysts expect that Frontdoor will post 1.3 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Willis Investment Counsel increased its position in Frontdoor by 0.8% during the 2nd quarter. Willis Investment Counsel now owns 65,570 shares of the company’s stock valued at $1,579,000 after buying an additional 521 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Frontdoor by 2.9% in the fourth quarter. Arizona State Retirement System now owns 22,994 shares of the company’s stock valued at $478,000 after purchasing an additional 641 shares during the period. Royal Bank of Canada increased its holdings in shares of Frontdoor by 7.0% in the third quarter. Royal Bank of Canada now owns 12,209 shares of the company’s stock valued at $249,000 after purchasing an additional 794 shares during the period. Advisory Services Network LLC increased its holdings in shares of Frontdoor by 5.9% in the first quarter. Advisory Services Network LLC now owns 16,446 shares of the company’s stock valued at $491,000 after purchasing an additional 916 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Frontdoor by 29.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,529 shares of the company’s stock valued at $94,000 after purchasing an additional 1,017 shares during the period.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on FTDR shares. Wells Fargo & Company boosted their target price on Frontdoor from $27.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on Frontdoor from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Friday. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, Frontdoor presently has an average rating of “Hold” and an average target price of $29.00.
Frontdoor Company 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.