The Tanger Factory Outlet Centers, Inc. (NYSE:SKT) is going up by 0.95% in today’s trading session, a rise equivalent to 0.15% of the stock’s price from yesterday’s market close. A news came out on 07/31/19 stating that Tanger Reports Second Quarter Results by WSJ. The lowest point that the shares touched during the trading session was $15.74, while the peak of the day was recorded at a share price of $15.985. SKT finished the previous session at $15.78 according to the data provided by Barchart, while the trading volume was observed to be $1,218,289.
In the 100 days of trading, SKT managed to top a 16.33% Moving average. Additionally, Tanger Factory Outlet Centers, Inc. shares have achieved a 52-week range between 13.61 and 24.65 alongside 100 days raw stochastic set at 43.76%.
The number of shares outstanding, according to the fundamentals of the company, is set at 93.77M, equal to the value of $1.48B in market capitalization. In the last 30 days, Tanger Factory Outlet Centers, Inc. shares went down by -7.88%, adding 17.25 to growth in value, on top of a +16.75% boost since 08/20/19.
Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Analyst’s Estimates
Tanger Factory Outlet Centers, Inc. (SKT) could record at least $0.23 per share in quarterly earnings in the upcoming report on 11/04/2019, a number that would actually represent a decrease of -38.47% YOY.
According to the average analyst rating, Tanger Factory Outlet Centers, Inc. would be rated as Underweight. Out of 6 different analysts monitoring SKT stock, 0 analysts rate the stock as a BUY, 2 suggest to give the rating of HOLD, 0 indicate that SKT is an OVERWEIGHT, 4 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On May-09-19, the stock earned a Downgrade rating due to a new analyst call from Goldman, while analysts from JP Morgan believe that the stock is set at Underweight from Neutral, as concluded on Dec-19-18. KeyBanc Capital Mkts, is still rather wary about the stock, deciding to keep the rating at Underweight as confirmed through a call on May-02-18.
BofA/Merrill, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Nov-09-17, giving the stock a Neutral from the Underperform rating.
SKT Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +40.99% has been attained, while the operating margin has been recorded at +18.75%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 1.72%. Beta value of the stock is recorded at 0.69. Additionally, Tanger Factory Outlet Centers, Inc. is recording price volatility of 2.72% for the period of the last seven days and 3.37% in the last 30 days.
Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Technical Outlook
For the period of the last 50 days, Tanger Factory Outlet Centers, Inc. had its Raw Stochastic average set at 62.64% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 62.64%. Stochastic %K for Tanger Factory Outlet Centers, Inc., with the last 20 days included, was set at 60.90%, having Stochastic %D topping 62.30%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Tanger Factory Outlet Centers, Inc. stocks with recording -21.96% in metrics.
Tanger Factory Outlet Centers, Inc. Insider Watch:
Similarly, 102.37% of the company’s float is held by institutions – and there are 388 institutions in total holding shares of this company. The top three institutional holders of SKT stocks are: State Street Corporation with ownership of $315.18 million, which is approximately 19,443,829 of the company’s shares; Vanguard Group, Inc. (The), holding 14,377,421 shares of the stock with an approximate value of $233.06 million; and Blackrock Inc., currently with more than 13,253,948 shares of the company valued at $214.85 million. Positions in Tanger Factory Outlet Centers, Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 6 insider purchases amounting to 30,972 shares. Similarly, there were 4 sale transactions amounting to 31,482 shares, with the net shares purchased during the last six months reaching -509.