Tanger Inc [SKT] stock prices are down -0.09% to $32.86 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SKT shares have gain 2.02% over the last week, with a monthly amount drifted -6.91%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Tanger Inc [NYSE: SKT] stock has seen the most recent analyst activity on January 28, 2025, when BMO Capital Markets initiated its Market Perform rating and assigned the stock a price target of $36. Previously, Deutsche Bank started tracking the stock with Hold rating on December 17, 2024, and set its price target to $37. On November 11, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $40 on the stock. Scotiabank upgraded its rating to a Sector Perform and increased its price target to $28 on May 17, 2024. Compass Point upgraded its rating to a Buy and raised its price target to $32 on May 02, 2024. BofA Securities upgraded its rating to Neutral for this stock on April 05, 2024, and upped its price target to $31. In a note dated March 22, 2024, Citigroup upgraded an Buy rating on this stock and boosted its target price from $30 to $33.
The stock price of Tanger Inc [SKT] has been fluctuating between $25.94 and $37.57 over the past year. Currently, Wall Street analysts expect the stock to reach $35 within the next 12 months. Tanger Inc [NYSE: SKT] shares were valued at $32.86 at the most recent close of the market. An investor can expect a potential return of 6.51% based on the average SKT price forecast.
Analyzing the SKT fundamentals
The Tanger Inc [NYSE:SKT] reported sales of 526.06M for trailing twelve months, representing a surge of 10.40%. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.42%, Pretax Profit Margin comes in at 0.2%, 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 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.22.
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 32.62 points at the first support level, and at 32.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.20, and for the 2nd resistance point, it is at 33.55.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.04, the price to book ratio is 5.68 and price to earnings (TTM) ratio is 37.35.
Transactions by insiders
Recent insider trading involved Swanson Gallardo Leslie, EVP, Chief Operating Officer, that happened on Mar 11 ’25 when 12500.0 shares were sold. Officer, LESLIE A SWANSON GALLARDO completed a deal on Mar 11 ’25 to buy 12500.0 shares. Meanwhile, Director SKERRITT SUSAN E sold 9844.0 shares on Feb 28 ’25.
