In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
After finishing at $33.13 in the prior trading day, Tanger Inc (NYSE: SKT) closed at $32.65, down -1.45%. In other words, the price has decreased by -$1.45 from its previous closing price. On the day, 0.6 million shares were traded. SKT stock price reached its highest trading level at $32.945 during the session, while it also had its lowest trading level at $32.58.
Ratios:
Our goal is to gain a better understanding of SKT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 327.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.85. In the meantime, Its Debt-to-Equity ratio is 2.66 whereas as Long-Term Debt/Eq ratio is at 2.65.
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, Deutsche Bank on December 17, 2024, initiated with a Hold rating and assigned the stock a target price of $37.
On November 11, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $35 to $40.
Scotiabank Upgraded its Sector Underperform to Sector Perform on May 17, 2024, whereas the target price for the stock was revised from $20 to $28.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 19 ’24 when Guerrieri Thomas Joseph JR sold 3,000 shares for $36.27 per share. The transaction valued at 108,810 led to the insider holds 59,641 shares of the business.
Thomas J Guerrieri Jr bought 3,000 shares of SKT for $108,100 on Nov 19 ’24. On Sep 09 ’24, another insider, Swanson Gallardo Leslie, who serves as the EVP, Chief Operating Officer of the company, sold 17,900 shares for $30.74 each. As a result, the insider received 550,246 and left with 85,396 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 3614126592 and an Enterprise Value of 5140094464. As of this moment, Tanger’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.75, and their Forward P/E ratio for the next fiscal year is 36.07. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.05 while its Price-to-Book (P/B) ratio in mrq is 6.33. Its current Enterprise Value per Revenue stands at 9.832 whereas that against EBITDA is 18.169.
Stock Price History:
The Beta on a monthly basis for SKT is 1.86, which has changed by 0.16899395 over the last 52 weeks, in comparison to a change of 0.24359846 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 $25.67. The 50-Day Moving Average of the stock is -6.84%, while the 200-Day Moving Average is calculated to be 6.17%.
Shares Statistics:
The stock has traded on average 711.15K shares per day over the past 3-months and 687750 shares per day over the last 10 days, according to various share statistics. A total of 110.21M shares are outstanding, with a floating share count of 108.11M. Insiders hold about 2.34% of the company’s shares, while institutions hold 87.29% stake in the company. Shares short for SKT as of 1735603200 were 4618625 with a Short Ratio of 6.49, compared to 1732838400 on 3252224. Therefore, it implies a Short% of Shares Outstanding of 4618625 and a Short% of Float of 6.460000000000001.
Dividends & Splits
In the trailing 12 months, SKT’s forward annual dividend rate was 1.085, compared to 1.08 this year. Against a Trailing Annual Dividend Yield of 0.032749772The stock’s 5-year Average Dividend Yield is 6.75. The current Payout Ratio is 105.48% for SKT, which recently paid a dividend on 2024-10-31 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.
