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In the latest session, Tanger Inc (NYSE: SKT) closed at $32.70 down -0.49% from its previous closing price of $32.86. In other words, the price has decreased by -$0.49 from its previous closing price. On the day, 0.87 million shares were traded. SKT stock price reached its highest trading level at $32.98 during the session, while it also had its lowest trading level at $32.375.
Ratios:
For a deeper understanding of Tanger Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 78.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.56. In the meantime, Its Debt-to-Equity ratio is 2.34 whereas as Long-Term Debt/Eq ratio is at 2.34.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BMO Capital Markets on January 28, 2025, initiated with a Market Perform rating and assigned the stock a target price of $36.
On December 17, 2024, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $37.
BofA Securities Upgraded its Neutral to Buy on November 11, 2024, whereas the target price for the stock was revised from $35 to $40.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 11 ’25 when Swanson Gallardo Leslie sold 12,500 shares for $32.38 per share. The transaction valued at 404,750 led to the insider holds 113,158 shares of the business.
LESLIE A SWANSON GALLARDO bought 12,500 shares of SKT for $404,696 on Mar 11 ’25. On Feb 28 ’25, another insider, SKERRITT SUSAN E, who serves as the Director of the company, sold 9,844 shares for $34.79 each. As a result, the insider received 342,473 and left with 44,091 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SKT now has a Market Capitalization of 3685453568 and an Enterprise Value of 5194321920. As of this moment, Tanger’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.17, and their Forward P/E ratio for the next fiscal year is 31.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.01 while its Price-to-Book (P/B) ratio in mrq is 5.65. Its current Enterprise Value per Revenue stands at 9.667 whereas that against EBITDA is 18.188.
Stock Price History:
The Beta on a monthly basis for SKT is 1.45, which has changed by 0.15059817 over the last 52 weeks, in comparison to a change of 0.087141395 over the same period for the S&P500. Over the past 52 weeks, SKT has reached a high of $37.57, while it has fallen to a 52-week low of $25.94. The 50-Day Moving Average of the stock is -3.43%, while the 200-Day Moving Average is calculated to be 2.71%.
Shares Statistics:
For the past three months, SKT has traded an average of 779.09K shares per day and 953770 over the past ten days. A total of 112.74M shares are outstanding, with a floating share count of 109.77M. Insiders hold about 2.60% of the company’s shares, while institutions hold 90.49% stake in the company. Shares short for SKT as of 1740700800 were 4244921 with a Short Ratio of 5.45, compared to 1738281600 on 4808526. Therefore, it implies a Short% of Shares Outstanding of 4244921 and a Short% of Float of 5.7700000000000005.
Dividends & Splits
According to the company, the forward annual dividend rate for SKT is 1.10, from 1.1 in the trailing year. Against a Trailing Annual Dividend Yield of 0.03347535The stock’s 5-year Average Dividend Yield is 6.5. The current Payout Ratio is 123.39% for SKT, which recently paid a dividend on 2025-01-31 with an ex-dividend date of 1738281600. Stock splits for the company last occurred on 2011-01-25 when the company split stock in a 2:1 ratio.
