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

Clark Estates Inc. NY lowered its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 7.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 93,500 shares of the company’s stock after selling 7,600 shares during the period. Frontdoor accounts for approximately 0.8% of Clark Estates Inc. NY’s holdings, making the stock its 16th largest position. Clark Estates Inc. NY’s holdings in Frontdoor were worth $4,487,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FTDR. Exchange Traded Concepts LLC acquired a new position in shares of Frontdoor in the third quarter valued at $27,000. V Square Quantitative Management LLC bought a new stake in shares of Frontdoor during the 3rd quarter worth about $31,000. GAMMA Investing LLC grew its stake in Frontdoor by 90.7% in the 2nd quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock valued at $30,000 after buying an additional 418 shares during the last quarter. Quarry LP raised its holdings in 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 acquiring an additional 894 shares during the period. Finally, CWM LLC lifted its position in Frontdoor by 15.8% during the third quarter. CWM LLC now owns 2,695 shares of the company’s stock worth $129,000 after acquiring an additional 367 shares during the last quarter.

Frontdoor Trading Down 1.5 %

Shares of FTDR stock opened at $58.63 on Wednesday. The stock has a market cap of $4.45 billion, a P/E ratio of 19.41 and a beta of 1.03. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $60.42. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The stock has a 50 day simple moving average of $51.53 and a 200 day simple moving average of $43.85.

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

Analysts Set New Price Targets

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

About Frontdoor

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.