At the time of writing, Tanger Inc. [SKT] stock is trading at $28.78, down -1.20%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SKT shares have gain 3.90% over the last week, with a monthly amount glided 3.94%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 15, February 2024, Tanger Reports Fourth Quarter and Full Year 2023 Results and Introduces 2024 Guidance. In a post published today on Yahoo Finance, Expanded Portfolio by Adding Three New Centers.
From an analyst’s perspective:
Tanger Inc. [NYSE: SKT] stock has seen the most recent analyst activity on December 18, 2023, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $29 from $27. Previously, Compass Point downgraded its rating to Neutral on November 08, 2023, and kept the price target unchanged to $26. On October 12, 2023, upgrade upgraded it’s rating to Neutral and revised its price target to $25 on the stock. Goldman downgraded its rating to a Neutral but stick to its price target of $26 on August 16, 2023. Compass Point upgraded its rating to a Buy and raised its price target to $26 on August 07, 2023. In a note dated January 30, 2023, Compass Point downgraded an Neutral rating on this stock but restated the target price of $21.
For the past year, the stock price of Tanger Inc. fluctuated between $17.22 and $29.39. Currently, Wall Street analysts expect the stock to reach $26 within the next 12 months. Tanger Inc. [NYSE: SKT] shares were valued at $28.78 at the most recent close of the market. An investor can expect a potential drop of -9.66% based on the average SKT price forecast.
Analyzing the SKT fundamentals
According to Tanger Inc. [NYSE:SKT], the company’s sales were 464.35M for trailing twelve months, which represents an 9.46% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 28.52 points at the first support level, and at 28.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.07, and for the 2nd resistance point, it is at 29.37.
Tanger Inc. [SKT] reported earnings per share of $0.22 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.21/share, meaning a difference of $0.01 and a surprise factor of 4.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.26 per share as compared to estimates of $0.19 per share, a difference of $0.07 representing a surprise of 36.80%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 6.75, the price to book ratio is 5.52 and price to earnings (TTM) ratio is 31.25.
Transactions by insiders
Recent insider trading involved REDDIN THOMAS, Director, that happened on Feb 21 when 5000.0 shares were sold. Executive Chair of the Board, TANGER STEVEN B completed a deal on Dec 04 to sell 0.15 million shares. Meanwhile, Executive Chair of the Board TANGER STEVEN B sold 10788.0 shares on Dec 01.
