Tanger Factory Outlet Centers Inc. (NYSE:SKT) went down by -0.51% from its latest closing price compared to the recent 1-year high of $22.51. The company’s stock price has collected 2.60% of gains in the last five trading sessions. Press Release reported on 11/17/21 that Tanger Outlets Demonstrates its Commitment to ESG Transparency by Participating in the 2021 GRESB Real Estate Assessment
Is It Worth Investing in Tanger Factory Outlet Centers Inc. (NYSE :SKT) Right Now?
Plus, the 36-month beta value for SKT is at 1.88. Opinions of the stock are interesting as 1 analysts out of 9 who provided ratings for Tanger Factory Outlet Centers Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 3 as “sell.”
The average price from analysts is $19.57, which is -$2.27 below the current price. SKT currently public float of 101.61M and currently shorts hold a 19.41% ratio of that float. Today, the average trading volume of SKT was 948.88K shares.
SKT’s Market Performance
SKT stocks went up by 2.60% for the week, with a monthly jump of 24.14% and a quarterly performance of 31.48%, while its annual performance rate touched 112.76%. The volatility ratio for the week stands at 2.80% while the volatility levels for the past 30 days are set at 4.21% for Tanger Factory Outlet Centers Inc.. The simple moving average for the period of the last 20 days is 6.43% for SKT stocks with a simple moving average of 22.53% for the last 200 days.
Analysts’ Opinion of SKT
Many brokerage firms have already submitted their reports for SKT stocks, with Evercore ISI repeating the rating for SKT by listing it as a “In-line.” The predicted price for SKT in the upcoming period, according to Evercore ISI is $22 based on the research report published on November 05th of the current year 2021.
Compass Point, on the other hand, stated in their research note that they expect to see SKT reach a price target of $23. The rating they have provided for SKT stocks is “Buy” according to the report published on November 03rd, 2021.
Goldman gave a rating of “Sell” to SKT, setting the target price at $12.50 in the report published on March 09th of the current year.
SKT Trading at 17.08% from the 50-Day Moving Average
After a stumble in the market that brought SKT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.20% of loss for the given period.
Volatility was left at 4.21%, however, over the last 30 days, the volatility rate increased by 2.80%, as shares surge +25.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.86% upper at present.
During the last 5 trading sessions, SKT rose by +2.60%, which changed the moving average for the period of 200-days by +47.38% in comparison to the 20-day moving average, which settled at $20.27. In addition, Tanger Factory Outlet Centers Inc. saw 114.26% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at SKT starting from WARREN CARRIE A, who sale 1,383 shares at the price of $20.55 back on Nov 16. After this action, WARREN CARRIE A now owns 50,158 shares of Tanger Factory Outlet Centers Inc., valued at $28,421 using the latest closing price.
Perry Chad, the EVP,General Counsel,Secretary of Tanger Factory Outlet Centers Inc., sale 5,000 shares at $21.28 during a trade that took place back on Nov 04, which means that Perry Chad is holding 120,406 shares at $106,420 based on the most recent closing price.
Stock Fundamentals for SKT
Current profitability levels for the company are sitting at:
- +23.15 for the present operating margin
- +35.30 for the gross margin
The net margin for Tanger Factory Outlet Centers Inc. stands at -8.64. The total capital return value is set at 4.36, while invested capital returns managed to touch -1.67. Equity return is now at value -1.00, with -0.20 for asset returns.
Based on Tanger Factory Outlet Centers Inc. (SKT), the company’s capital structure generated 490.61 points at debt to equity in total, while total debt to capital is 83.07. Total debt to assets is 76.50, with long-term debt to equity ratio resting at 473.86. Finally, the long-term debt to capital ratio is 80.23.
When we switch over and look at the enterprise to sales, we see a ratio of 8.91, with the company’s debt to enterprise value settled at 0.66. The receivables turnover for the company is 6.17 and the total asset turnover is 0.18.