Tanger Factory Outlet Centers Inc. News: Why SKT Stock Is Zooming Higher Today

In a recent bid Tanger Factory Outlet Centers Inc. [SKT] faced a contemporary bid of $9.96 yielding a -0.70% decline where 2.47 million shares have exchanged hands over the last week. SKT amount got a boost by 2.79% or $0.27 versus $9.69 at the end of the prior session. This change led market cap to move at 928.87M, putting the price 145.93% below the 52-week high and -41.17% above the 52-week low. The company’s stock has a normal trading capacity of 2.47 million shares while the relative volume is 1.02.

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On 19, November 2020, Tanger Outlets Partners with Delivering Good to Support Families in Need This Holiday Season. According to news published on Yahoo Finance, Outlet Industry Leader to Launch Holiday Fundraising Program Across its U.S. Shopping Centers this November.

Analyst Birdseye View:

The most recent analyst activity for Tanger Factory Outlet Centers Inc. [NYSE:SKT] stock was on September 21, 2020, when it was Upgrade with a Sector weight rating from KeyBanc Capital Markets. Before that, on November 09, 2020, Compass Point Recapitulated a Neutral rating and elevated its amount target to $7.50. On July 01, 2020, Goldman Resumed a Neutral rating. On June 04, 2020, Compass Point Initiated a Sell rating and increased its price target to $6. On March 23, 2020, BofA/Merrill Downgrade an Underperform rating. On May 09, 2019, Goldman Downgrade a Sell rating and boosted its amount target on this stock to $15. On December 19, 2018, JP Morgan Downgrade an Underweight rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $4.05 and a peak of $16.93. Right now, the middling Wall Street analyst 12-month amount mark is $7.00. At the most recent market close, shares of Tanger Factory Outlet Centers Inc. [NYSE:SKT] were valued at $9.96. According to the average price forecast, investors can expect a potential return of 0.0%.


Tanger Factory Outlet Centers Inc. [NYSE:SKT] most recently reported quarterly sales of 106.7 billion, which represented growth of -13.30%. This publicly-traded organization’s revenue is $757,071 per employee, while its income is $136,036 per employee. This company’s Gross Margin is currently 64.60%, its Operating Margin is -1.70%, its Pretax Margin is +19.26, and its Net Margin is +17.97. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 3.71, 18.94, 3.78 and 4.05 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 79.31 and the whole liability to whole assets at 72.69. It shows enduring liability to the whole principal at 78.88 and enduring liability to assets at 0.72 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 9.62 points at 1st support level, the second support level is making up to 9.27. But as of 1st resistance point, this stock is sitting at 10.21 and at 10.47 for 2nd resistance point.

Tanger Factory Outlet Centers Inc. [SKT] reported its earnings at $0.14 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.05/share signifying the difference of 0.19 and 380.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.25 calling estimates for -$0.03/share with the difference of -0.22 depicting the surprise of -733.30%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.84 and it’s amount to book ratio is 3.16.

Insider Stories

The most recent insider trade was by Williams James Floyd, Executive VP & CFO, and it was the purchase of 4300.0 shares on Aug 21. Yalof Stephen, the President & COO, completed a purchase of 10000.0 shares on Aug 21. On Mar 13, Worsham Charles Allen, SVP,Construction & Development, completed a sale of 12500.0 shares.