Tanger Inc [SKT] stock is trading at $35.62, down -0.89%. 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 5.38% over the last week, with a monthly amount glided 4.58%, 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 November 11, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $40 from $35. Previously, Scotiabank upgraded its rating to Sector Perform on May 17, 2024, and elevated its price target to $28. On May 02, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $32 on the stock. BofA Securities upgraded its rating to a Neutral and increased its price target to $31 on April 05, 2024. Citigroup upgraded its rating to a Buy and raised its price target to $33 on March 22, 2024. JP Morgan upgraded its rating to Overweight for this stock on December 18, 2023, and upped its price target to $29. In a note dated November 08, 2023, Compass Point downgraded an Neutral rating on this stock but restated the target price of $26.
Tanger Inc [SKT] stock has fluctuated between $24.25 and $36.46 over the past year. Currently, Wall Street analysts expect the stock to reach $32 within the next 12 months. Tanger Inc [NYSE: SKT] shares were valued at $35.62 at the most recent close of the market. An investor can expect a potential drop of -10.16% based on the average SKT price forecast.
Analyzing the SKT fundamentals
Tanger Inc [NYSE:SKT] reported sales of 512.80M for the trailing twelve months, which represents a growth of 13.34%. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.17 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.3.
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 35.32 points at the first support level, and at 35.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.13, and for the 2nd resistance point, it is at 36.64.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.69, the price to book ratio is 6.91 and price to earnings (TTM) ratio is 41.18.
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.
