Tanger Inc (NYSE: SKT) is -12.72% lower on its value in year-to-date trading and has touched a low of $25.94 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 $29.68 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $29.79, the stock is -4.64% and -7.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 0.37% at the moment leaves the stock -9.05% off its SMA200. SKT registered 8.49% gain for a year compared to 6-month loss of -10.24%.
The stock witnessed a -2.36% gain in the last 1 month and extending the period to 3 months gives it a -13.05%, and is -5.46% down 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 3.35% over the week and 3.80% over the month.
Tanger Inc (SKT) has around 372 employees, a market worth around $3.37B and $538.05M in sales. Current P/E ratio is 35.26 and Fwd P/E is 29.81. Profit margin for the company is 17.56%. Distance from 52-week low is 14.84% and -20.71% from its 52-week high. The company has generated returns on investments over the last 12 months (4.14%).
The EPS is expected to grow by 6.21% this year
The shares outstanding are 113.17M, and float is at 110.31M with Short Float at 4.36%.
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 19.2029 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 16.0615 of the shares outstanding. The other top investors are STATE STREET CORP which holds 6.34 million shares representing 5.8378 and valued at over $172.01 million, while FMR LLC holds 5.2364 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 purchase by Yalof Stephen, the company’s President & CEO. SEC filings show that Yalof Stephen bought 3,348 shares of the company’s common stock on May 05 ’25 at a price of $29.87 per share for a total of $100000.0. Following the purchase, the insider now owns 0.83 million shares.
Tanger Inc disclosed in a document filed with the SEC on Mar 11 ’25 that Swanson Gallardo Leslie (EVP, Chief Operating Officer) sold a total of 12,500 shares of the company’s common stock. The trade occurred on Mar 11 ’25 and was made at $32.38 per share for $0.4 million. Following the transaction, the insider now directly holds 0.11 million shares of the SKT stock.
Still, SEC filings show that on Mar 11 ’25, LESLIE A SWANSON GALLARDO (Officer) Proposed Sale 12,500 shares at an average price of $32.38 for $0.4 million. The insider now directly holds shares of Tanger Inc (SKT).
