The price-to-earnings ratio for Tanger Inc (NYSE: SKT) is 42.89x, which is above its average ratio. Moreover, the 36-month beta value for SKT is 1.85. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for SKT is 108.04M and currently, short sellers hold a 3.03% of that float. On November 28, 2024, SKT’s average trading volume was 717.76K shares.
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SKT) stock’s latest price update
Tanger Inc (NYSE: SKT)’s stock price has increased by 0.62 compared to its previous closing price of 36.87. However, the company has seen a 1.84% increase in its stock price over the last five trading sessions. youtube.com reported 2024-11-22 that Stephen Yalof, Tanger CEO, talks the state of retail and the consumer ahead of the holidays.
SKT’s Market Performance
SKT’s stock has risen by 1.84% in the past week, with a monthly rise of 9.63% and a quarterly rise of 22.93%. The volatility ratio for the week is 1.46% while the volatility levels for the last 30 days are 1.86% for Tanger Inc The simple moving average for the past 20 days is 4.47% for SKT’s stock, with a 24.72% simple moving average for the past 200 days.
Analysts’ Opinion of SKT
Many brokerage firms have already submitted their reports for SKT stocks, with BofA Securities repeating the rating for SKT by listing it as a “Buy.” The predicted price for SKT in the upcoming period, according to BofA Securities is $40 based on the research report published on November 11, 2024 of the current year 2024.
Scotiabank, on the other hand, stated in their research note that they expect to see SKT reach a price target of $28, previously predicting the price at $20. The rating they have provided for SKT stocks is “Sector Perform” according to the report published on May 17th, 2024.
Compass Point gave a rating of “Buy” to SKT, setting the target price at $32 in the report published on May 02nd of the current year.
SKT Trading at 8.32% 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 able to rebound, for now settling with 0.24% of gains for the given period.
Volatility was left at 1.86%, however, over the last 30 days, the volatility rate increased by 1.46%, as shares surge +9.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.53% upper at present.
During the last 5 trading sessions, SKT rose by +1.84%, which changed the moving average for the period of 200-days by +39.84% in comparison to the 20-day moving average, which settled at $35.51. In addition, Tanger Inc saw 33.84% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SKT starting from Guerrieri Thomas Joseph JR, who sale 3,000 shares at the price of $36.27 back on Nov 19 ’24. After this action, Guerrieri Thomas Joseph JR now owns 59,641 shares of Tanger Inc, valued at $108,810 using the latest closing price.
Thomas J Guerrieri Jr, the Chief Accounting Officer of Tanger Inc, proposed sale 3,000 shares at $36.03 during a trade that took place back on Nov 19 ’24, which means that Thomas J Guerrieri Jr is holding shares at $108,100 based on the most recent closing price.
Stock Fundamentals for SKT
Current profitability levels for the company are sitting at:
- 0.35 for the present operating margin
- 0.5 for the gross margin
The net margin for Tanger Inc stands at 0.19. The total capital return value is set at 0.08. Equity return is now at value 17.92, with 4.23 for asset returns.
Based on Tanger Inc (SKT), the company’s capital structure generated 0.71 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 2.51. The interest coverage ratio of the stock is 3.12.
Currently, EBITDA for the company is 242.73 million with net debt to EBITDA at 4.28. When we switch over and look at the enterprise to sales, we see a ratio of 10.93.
Conclusion
To wrap up, the performance of Tanger Inc (SKT) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
