At the time of writing, Tanger Inc. [SKT] stock is trading at $32.94, down -0.72%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SKT shares have gain 1.54% over the last week, with a monthly amount glided 8.21%, and seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Tanger Inc. fluctuated between $21.42 and $33.26. Currently, Wall Street analysts expect the stock to reach $31.4 within the next 12 months. Tanger Inc. [NYSE: SKT] shares were valued at $32.94 at the most recent close of the market. An investor can expect a potential drop of -4.68% based on the average SKT price forecast.
Analyzing the SKT fundamentals
According to Tanger Inc. [NYSE:SKT], the company’s sales were 497.15M for trailing twelve months, which represents an 16.62% jump. 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 32.65 points at the first support level, and at 32.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.21, and for the 2nd resistance point, it is at 33.49.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.25, the price to book ratio is 6.51 and price to earnings (TTM) ratio is 36.67.
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.
