Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
In the latest session, Tanger Inc. (NYSE: SKT) closed at $27.43 down -0.11% from its previous closing price of $27.46. In other words, the price has decreased by -$0.11 from its previous closing price. On the day, 0.7 million shares were traded. SKT stock price reached its highest trading level at $27.65 during the session, while it also had its lowest trading level at $27.055.
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 188.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.47. In the meantime, Its Debt-to-Equity ratio is 2.80 whereas as Long-Term Debt/Eq ratio is at 2.80.
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 the company, Compass Point on May 02, 2024, Upgraded its rating to Buy and sets its target price to $32 from $31 previously.
On April 05, 2024, BofA Securities Upgraded its rating to Neutral which previously was Underperform and also upped its target price recommendation from $24 to $31.
Citigroup Upgraded its Neutral to Buy on March 22, 2024, whereas the target price for the stock was revised from $30 to $33.
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 12 ’24 when Guerrieri Thomas Joseph JR sold 3,000 shares for $29.27 per share. The transaction valued at 87,810 led to the insider holds 63,782 shares of the business.
REDDIN THOMAS sold 5,000 shares of SKT for $145,000 on Feb 21 ’24. The Director now owns 46,602 shares after completing the transaction at $29.00 per share. On Dec 04 ’23, another insider, TANGER STEVEN B, who serves as the Executive Chair of the Board of the company, sold 150,000 shares for $26.25 each. As a result, the insider received 3,937,500 and left with 901,983 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 3002817024 and an Enterprise Value of 4569881600. As of this moment, Tanger’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.43, and their Forward P/E ratio for the next fiscal year is 31.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.26 while its Price-to-Book (P/B) ratio in mrq is 5.40. Its current Enterprise Value per Revenue stands at 9.371 whereas that against EBITDA is 18.091.
Stock Price History:
Over the past 52 weeks, SKT has reached a high of $29.98, while it has fallen to a 52-week low of $18.34. The 50-Day Moving Average of the stock is -3.27%, while the 200-Day Moving Average is calculated to be 6.24%.
Shares Statistics:
For the past three months, SKT has traded an average of 807.30K shares per day and 902040 over the past ten days. A total of 108.79M shares are outstanding, with a floating share count of 106.69M. Insiders hold about 2.44% of the company’s shares, while institutions hold 85.90% stake in the company. Shares short for SKT as of 1713139200 were 4143350 with a Short Ratio of 5.13, compared to 1710460800 on 4167121. Therefore, it implies a Short% of Shares Outstanding of 4143350 and a Short% of Float of 5.8999999999999995.
Dividends & Splits
According to the company, the forward annual dividend rate for SKT is 1.04, from 1.04 in the trailing year. Against a Trailing Annual Dividend Yield of 0.03787327The stock’s 5-year Average Dividend Yield is 7.51.
