Tanger Inc (NYSE: SKT) is -2.75% lower on its value in year-to-date trading and has touched a low of $25.67 and a high of $37.57 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SKT stock was last observed hovering at around $32.85 in the last trading session, with the day’s gains setting it 0.34%.
Currently trading at $33.19, the stock is -1.57% and -5.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.61 million and changing 1.04% at the moment leaves the stock 8.10% off its SMA200. SKT registered 23.61% gain for a year compared to 6-month gain of 17.24%. The firm has a 50-day simple moving average (SMA 50) of $35.0786 and a 200-day simple moving average (SMA200) of $30.70165.
The stock witnessed a -6.51% loss in the last 1 month and extending the period to 3 months gives it a -3.71%, and is 1.81% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.14% over the week and 1.99% over the month.
Tanger Inc (SKT) has around 364 employees, a market worth around $3.67B and $512.80M in sales. Current P/E ratio is 38.37 and Fwd P/E is 36.67. Profit margin for the company is 18.50%. Distance from 52-week low is 29.29% and -11.66% from its 52-week high. The company has generated returns on investments over the last 12 months (4.57%).
with sales reaching $129.1M over the same period.The EPS is expected to shrink by -10.37% this year, but quarterly earnings will post 7.30% year-over-year. Quarterly sales are estimated to grow 1.28% in year-over-year returns.
Tanger Inc (SKT) Top Institutional Holders
458.0 institutions hold shares in Tanger Inc (SKT), with institutional investors hold 91.42% of the company’s shares. The shares outstanding are 110.21M, and float is at 108.11M with Short Float at 4.27%. Institutions hold 89.31% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 20.87 million shares valued at $565.79 million. The investor’s holdings represent 19.2586% of the SKT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 17.46 million shares valued at $473.23 million to account for 16.108 of the shares outstanding. The other top investors are STATE STREET CORP which holds 6.34 million shares representing 5.8547% and valued at over $172.01 million, while FMR LLC holds 5.2516 of the shares totaling 5.69 million with a market value of $154.29 million.
Tanger Inc (SKT) Insider Activity
The most recent transaction is an insider sale by Guerrieri Thomas Joseph JR, the company’s SVP, CAO. SEC filings show that Guerrieri Thomas Joseph JR sold 3,000 shares of the company’s common stock on Nov 19 ’24 at a price of $36.27 per share for a total of $0.11 million. Following the sale, the insider now owns 59641.0 shares.
Still, SEC filings show that on Sep 09 ’24, Swanson Gallardo Leslie (EVP, Chief Operating Officer) disposed off 17,900 shares at an average price of $30.74 for $0.55 million. The insider now directly holds 85,396 shares of Tanger Inc (SKT).
