In the past week, SKT stock has gone down by -6.97%, with a monthly decline of -4.45% and a quarterly plunge of -11.90%. The volatility ratio for the week is 2.98%, and the volatility levels for the last 30 days are 2.58% for Tanger Inc The simple moving average for the last 20 days is -8.16% for SKT stock, with a simple moving average of -0.35% for the last 200 days.
Is It Worth Investing in Tanger Inc (NYSE: SKT) Right Now?
Tanger Inc (NYSE: SKT) has a higher price-to-earnings ratio of 36.09x compared to its average ratio, The 36-month beta value for SKT is at 1.45. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for SKT is 109.77M, and currently, shorts hold a 3.87% of that float. The average trading volume for SKT on March 14, 2025 was 790.98K shares.
SKT) stock’s latest price update
Tanger Inc (NYSE: SKT)’s stock price has decreased by -2.91 compared to its previous closing price of 32.70. However, the company has seen a -6.97% decrease in its stock price over the last five trading sessions. zacks.com reported 2025-03-11 that Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Tanger (SKT) have what it takes?
Analysts’ Opinion of SKT
Many brokerage firms have already submitted their reports for SKT stocks, with BMO Capital Markets repeating the rating for SKT by listing it as a “Market Perform.” The predicted price for SKT in the upcoming period, according to BMO Capital Markets is $36 based on the research report published on January 28, 2025 of the current year 2025.
Deutsche Bank, on the other hand, stated in their research note that they expect to see SKT reach a price target of $37. The rating they have provided for SKT stocks is “Hold” according to the report published on December 17th, 2024.
BofA Securities gave a rating of “Buy” to SKT, setting the target price at $40 in the report published on November 11th of the previous year.
SKT Trading at -6.11% 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 -15.49% of loss for the given period.
Volatility was left at 2.58%, however, over the last 30 days, the volatility rate increased by 2.98%, as shares sank -5.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.67% lower at present.
During the last 5 trading sessions, SKT fell by -6.97%, which changed the moving average for the period of 200-days by +17.55% in comparison to the 20-day moving average, which settled at $34.57. In addition, Tanger Inc saw -6.97% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SKT starting from Swanson Gallardo Leslie, who sale 12,500 shares at the price of $32.38 back on Mar 11 ’25. After this action, Swanson Gallardo Leslie now owns 113,158 shares of Tanger Inc, valued at $404,750 using the latest closing price.
LESLIE A SWANSON GALLARDO, the Officer of Tanger Inc, proposed sale 12,500 shares at $32.38 during a trade that took place back on Mar 11 ’25, which means that LESLIE A SWANSON GALLARDO is holding shares at $404,696 based on the most recent closing price.
Stock Fundamentals for SKT
Current profitability levels for the company are sitting at:
- 0.42 for the present operating margin
- 0.57 for the gross margin
The net margin for Tanger Inc stands at 0.19. The total capital return value is set at 0.1. Equity return is now at value 16.02, with 4.15 for asset returns.
Based on Tanger Inc (SKT), the company’s capital structure generated 0.69 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 2.22. The interest coverage ratio of the stock is 3.65.
Currently, EBITDA for the company is 302.09 million with net debt to EBITDA at 4.02. When we switch over and look at the enterprise to sales, we see a ratio of 9.58.
Conclusion
In conclusion, Tanger Inc (SKT) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
