Tanger Factory Outlet Centers Inc. [SKT] fell -56.35% so far this year. What now?

Tanger Factory Outlet Centers Inc. [NYSE: SKT] loss -2.28% or -0.15 points to close at $6.43 with a heavy trading volume of 2600054 shares. The company report on July 31, 2020 that Tanger Outlets Gears Up For Back To School.

Shop and Save on Stylish Deals for Back-To-School & Fall in an Open-Air Environment.

Tanger Factory Outlet Centers, Inc., a leader in the outlet industry, invites shoppers to kick off their back-to-school shopping with the 2020 TangerSTYLE sale. Back-to-school savings begin at Tanger Outlets, with deals for the entire family on the latest seasonal trends to head back to class in style. Tanger shoppers can find fashionable savings on back-to-school must-haves from their favorite brand names and designer stores all in one convenient location and one stop.

It opened the trading session at $6.62, the shares rose to $6.64 and dropped to $6.30, the range by which the price of stock traded the whole day. The daily chart for SKT points out that the company has recorded -56.05% loss over the past six months. However, it is still -58.77% lower than its most recent low trading price.

If we look at the average trading volume of 3.58M shares, SKT reached to a volume of 2600054 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Tanger Factory Outlet Centers Inc. [SKT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SKT shares is $5.89 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SKT stock is a recommendation set at 3.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Tanger Factory Outlet Centers Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 01, 2020. While these analysts kept the previous recommendation, Compass Point raised their target price to Sell. The new note on the price target was released on June 04, 2020, representing the official price target for Tanger Factory Outlet Centers Inc. stock. On May 09, 2019, analysts decreased their price target for SKT shares from 19.80 to 15.

The Average True Range (ATR) for Tanger Factory Outlet Centers Inc. is set at 0.42, with the Price to Sales ratio for SKT stock in the period of the last 12 months amounting to 1.32. The Price to Book ratio for the last quarter was 1.90, with the Price to Cash per share for the same quarter was set at 6.28. Price to Free Cash Flow for SKT in the course of the last twelve months was 7.68.

Trading performance analysis for SKT stock

Tanger Factory Outlet Centers Inc. [SKT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.38. With this latest performance, SKT shares dropped by -8.79% in over the last four-week period, additionally sinking by -56.05% over the last 6 months – not to mention a drop of -58.33% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SKT stock in for the last two-week period is set at 44.23, with the RSI for the last a single of trading hit 41.52, and the three-weeks RSI is set at 45.65 for Tanger Factory Outlet Centers Inc. [SKT]. The present Moving Average for the last 50 days of trading for this stock 7.04, while it was recorded at 6.69 for the last single week of trading, and 10.80 for the last 200 days.

Tanger Factory Outlet Centers Inc. [SKT]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Tanger Factory Outlet Centers Inc. [SKT] shares currently have an operating margin of +17.00 and a Gross Margin at +41.41. Tanger Factory Outlet Centers Inc.’s Net Margin is presently recorded at +17.97.

Return on Total Capital for SKT is now 3.78, given the latest momentum, and Return on Invested Capital for the company is 4.05. Return on Equity for this stock inclined to 18.94, with Return on Assets sitting at 3.71. When it comes to the capital structure of this company, Tanger Factory Outlet Centers Inc. [SKT] has a Total Debt to Total Equity ratio set at 383.42. Additionally, SKT Total Debt to Total Capital is recorded at 79.31, with Total Debt to Total Assets ending up at 72.69. Long-Term Debt to Equity for the company is recorded at 381.31, with the Long-Term Debt to Total Capital now at 78.88.

Reflecting on the efficiency of the workforce at the company, Tanger Factory Outlet Centers Inc. [SKT] managed to generate an average of $136,036 per employee.

Tanger Factory Outlet Centers Inc. [SKT]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Tanger Factory Outlet Centers Inc. posted 0.15/share EPS, while the average EPS was predicted by analysts to be reported at 0.24/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -37.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SKT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Tanger Factory Outlet Centers Inc. go to 6.70%.

An analysis of insider ownership at Tanger Factory Outlet Centers Inc. [SKT]

There are presently around $509 million, or 86.10% of SKT stock, in the hands of institutional investors. The top three institutional holders of SKT stocks are: VANGUARD GROUP INC with ownership of 16,518,373, which is approximately 8.018% of the company’s market cap and around 2.60% of the total institutional ownership; BLACKROCK INC., holding 16,196,060 shares of the stock with an approximate value of $104.14 million in SKT stocks shares; and STATE STREET CORP, currently with $33.9 million in SKT stock with ownership of nearly -82.213% of the company’s market capitalization.

Positions in Tanger Factory Outlet Centers Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 146 institutional holders increased their position in Tanger Factory Outlet Centers Inc. [NYSE:SKT] by around 15,255,578 shares. Additionally, 137 investors decreased positions by around 38,461,985 shares, while 34 investors held positions by with 25,453,165 shares. The mentioned changes placed institutional holdings at 79,170,728 shares, according to the latest SEC report filing. SKT stock had 50 new institutional investments in for a total of 4,750,709 shares, while 49 institutional investors sold positions of 5,084,780 shares during the same period.

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