At the time of writing, Tanger Inc [SKT] stock is trading at $34.58, down -2.34%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SKT shares have lost -2.81% over the last week, with a monthly amount drifted -4.21%, and not 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 December 17, 2024, when Deutsche Bank initiated its Hold rating and assigned the stock a price target of $37. Previously, BofA Securities upgraded its rating to Buy on November 11, 2024, and elevated its price target to $40. On May 17, 2024, upgrade upgraded it’s rating to Sector Perform and revised its price target to $28 on the stock. Compass Point upgraded its rating to a Buy and increased its price target to $32 on May 02, 2024. BofA Securities upgraded its rating to a Neutral and raised its price target to $31 on April 05, 2024. Citigroup upgraded its rating to Buy for this stock on March 22, 2024, and upped its price target to $33. In a note dated December 18, 2023, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $27 to $29.
For the past year, the stock price of Tanger Inc fluctuated between $25.67 and $37.57. Currently, Wall Street analysts expect the stock to reach $33.5 within the next 12 months. Tanger Inc [NYSE: SKT] shares were valued at $34.58 at the most recent close of the market. An investor can expect a potential drop of -3.12% based on the average SKT price forecast.
Analyzing the SKT fundamentals
According to Tanger Inc [NYSE:SKT], the company’s sales were 512.80M for trailing twelve months, which represents an 13.34% jump. 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 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.51.
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 33.95 points at the first support level, and at 33.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.51, and for the 2nd resistance point, it is at 36.45.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.46, the price to book ratio is 6.71 and price to earnings (TTM) ratio is 39.98.
Transactions by insiders
Recent insider trading involved Guerrieri Thomas Joseph JR, SVP, CAO, that happened on Nov 19 ’24 when 3000.0 shares were sold. Chief Accounting Officer, Thomas J Guerrieri Jr completed a deal on Nov 19 ’24 to buy 3000.0 shares. Meanwhile, EVP, Chief Operating Officer Swanson Gallardo Leslie sold 17900.0 shares on Sep 09 ’24.
