Clark Estates Inc. NY Has $4.49 Million Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Clark Estates Inc. NY lessened its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 7.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,500 shares of the company’s stock after selling 7,600 shares during the period. Frontdoor accounts for 0.8% of Clark Estates Inc. NY’s portfolio, making the stock its 16th largest holding. Clark Estates Inc. NY owned about 0.12% of Frontdoor worth $4,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new stake in shares of Frontdoor during the 3rd quarter worth approximately $27,000. GAMMA Investing LLC lifted its holdings in Frontdoor by 90.7% during the second quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after acquiring an additional 418 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Frontdoor in the third quarter valued at about $31,000. Isthmus Partners LLC increased its holdings in shares of Frontdoor by 0.5% in the second quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock worth $37,000 after acquiring an additional 603 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of Frontdoor by 468.1% in the second quarter. Quarry LP now owns 1,085 shares of the company’s stock worth $37,000 after acquiring an additional 894 shares in the last quarter.

Frontdoor Price Performance

NASDAQ FTDR opened at $58.63 on Wednesday. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $60.42. The firm’s 50 day moving average is $51.53 and its 200-day moving average is $43.85. The company has a market capitalization of $4.45 billion, a PE ratio of 19.41 and a beta of 1.03. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.33. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The company had revenue of $540.00 million during the quarter, compared to the consensus estimate of $541.88 million. During the same period in the prior year, the business posted $0.94 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Equities research analysts anticipate that Frontdoor, Inc. will post 3.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FTDR shares. William Blair upgraded Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their price objective on shares of Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. The Goldman Sachs Group boosted their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Finally, Truist Financial increased their target price on Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $49.50.

Frontdoor Company 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.