Tanger Inc. [SKT] stock is trading at $32.44, up 0.71%. 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 3.28% over the last week, with a monthly amount glided 9.52%, 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
From an analyst’s perspective:
Tanger Inc. [NYSE: SKT] stock has seen the most recent analyst activity on May 17, 2024, when Scotiabank upgraded its rating to a Sector Perform and also boosted its price target to $28 from $20. Previously, Compass Point upgraded its rating to Buy on May 02, 2024, and elevated its price target to $32. On April 05, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $31 on the stock. Citigroup upgraded its rating to a Buy and increased its price target to $33 on March 22, 2024. JP Morgan upgraded its rating to a Overweight and raised its price target to $29 on December 18, 2023. Compass Point downgraded its rating to Neutral for this stock on November 08, 2023, but kept the price target unchanged to $26. In a note dated October 12, 2023, JP Morgan upgraded an Neutral rating on this stock and boosted its target price from $24 to $25.
Tanger Inc. [SKT] stock has fluctuated between $21.42 and $32.28 over the past year. Currently, Wall Street analysts expect the stock to reach $31.4 within the next 12 months. Tanger Inc. [NYSE: SKT] shares were valued at $32.44 at the most recent close of the market. An investor can expect a potential drop of -3.21% based on the average SKT price forecast.
Analyzing the SKT fundamentals
Tanger Inc. [NYSE:SKT] reported sales of 497.15M for the trailing twelve months, which represents a growth of 16.62%. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.18 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.64.
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 32.08 points at the first support level, and at 31.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.64, and for the 2nd resistance point, it is at 32.83.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.14, the price to book ratio is 6.41 and price to earnings (TTM) ratio is 36.11.
Transactions by insiders
Recent insider trading involved Swanson Gallardo Leslie, EVP, Chief Operating Officer, that happened on Sep 09 ’24 when 17900.0 shares were sold. Officer, LESLIE A SWANSON GALLARDO completed a deal on Sep 09 ’24 to buy 17900.0 shares. Meanwhile, SVP, CAO Guerrieri Thomas Joseph JR sold 3000.0 shares on Mar 12 ’24.
