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The closing price of Tanger Inc. (NYSE: SKT) was $30.22 for the day, down -0.72% from the previous closing price of $30.44. In other words, the price has decreased by -$0.72 from its previous closing price. On the day, 0.89 million shares were traded. SKT stock price reached its highest trading level at $30.41 during the session, while it also had its lowest trading level at $29.9679.
Ratios:
Our analysis of SKT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 293.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.15. In the meantime, Its Debt-to-Equity ratio is 2.79 whereas as Long-Term Debt/Eq ratio is at 2.79.
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, Scotiabank on May 17, 2024, Upgraded its rating to Sector Perform and sets its target price to $28 from $20 previously.
On May 02, 2024, Compass Point Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $31 to $32.
BofA Securities Upgraded its Underperform to Neutral on April 05, 2024, whereas the target price for the stock was revised from $24 to $31.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 3328732928 and an Enterprise Value of 4861399040. As of this moment, Tanger’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.64, and their Forward P/E ratio for the next fiscal year is 33.88. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.65 while its Price-to-Book (P/B) ratio in mrq is 5.97. Its current Enterprise Value per Revenue stands at 9.584 whereas that against EBITDA is 17.993.
Stock Price History:
Over the past 52 weeks, SKT has reached a high of $30.69, while it has fallen to a 52-week low of $21.42. The 50-Day Moving Average of the stock is 8.24%, while the 200-Day Moving Average is calculated to be 9.35%.
Shares Statistics:
SKT traded an average of 746.93K shares per day over the past three months and 676320 shares per day over the past ten days. A total of 108.79M shares are outstanding, with a floating share count of 106.70M. Insiders hold about 2.43% of the company’s shares, while institutions hold 87.12% stake in the company. Shares short for SKT as of 1723680000 were 3798875 with a Short Ratio of 5.09, compared to 1721001600 on 4500239. Therefore, it implies a Short% of Shares Outstanding of 3798875 and a Short% of Float of 5.41.
Dividends & Splits
With its trailing 12-month dividend rate of 1.07, SKT has a forward annual dividend rate of 1.07. Against a Trailing Annual Dividend Yield of 0.035151117The stock’s 5-year Average Dividend Yield is 7.16.
