Shares of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) recorded 1.68% gain during trading session on August 22nd, 2019. The script traded as low as $14.36 and last traded at $14.55. 3.67 million shares changed exchanged hands during trading, a drop of -79.82% from the 30-day average session volume of 2.04M shares. The firm had previously closed at $14.31. The company has $93.48M outstanding shares, a price-to-earnings ratio of 18.92, price-to-earnings-growth ratio of 2.77and a beta of 0.65. The company has a RSI of 34.43, ATR of 0.44 and a volatility of 2.47% this week. SKT has a 52 week low price of $14.20 and a 52 week high price of $24.73.
Investors have identified the tech company Tanger Factory Outlet Centers, Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 1.36B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Tanger Factory Outlet Centers, Inc. (SKT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For SKT, the company has in raw cash 966.81 million on their books with 516.81 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 2.34 billion total, with 0 as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
SKT were able to record 69.84 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 1.7 million. In cash movements, the company had a total of 92.72 million as operating cash flow.
Potential earnings growth for Tanger Factory Outlet Centers, Inc. (SKT)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Tanger Factory Outlet Centers, Inc. recorded a total of 115.71 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -0.03% coming in sequential stages and their sales for the third quarter reducing by -0.06%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 84.35 million trying to sell their products during the last quarter, with the result yielding a gross income of 31.36 million. This allows shareholders to hold on to 93.48M with the revenue now reading 150 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.57 cents a share).
Is the stock of SKT attractive?
Having a look at the company’s valuation, the company is expected to record 2.18 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SKT sounds very interesting.
In related news, Director HENRY DAVID bought 10,000 shares of the company’s stock in a transaction that recorded on August 21st, 2019. The purchase was performed at an average price of 14.41, for a total value of 144,090. As the purchase deal closes, the CEO HENRY DAVID now bought 10,000 shares of the company’s stock, valued at 144,760. Also, Director REDDIN THOMAS bought 7,000 shares of the company’s stock in a deal that was recorded on August 19th, 2019. The shares were bought at an average cost of 14.62 per share, with a total market value of 42,424. Following this completion of disposal, the SVP, Chief Marketing Officer now holds 6,878 shares of the company’s stock, valued at 124,224. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.30%.
0 out of 7 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on Tanger Factory Outlet Centers, Inc. stock. 0 analysts has assigned a Sell rating on the SKT stock. The 12-month mean consensus price target for the company’s shares has been set at $15.33.