Is Tanger Factory Outlet Centers Inc. (NYSE:SKT) A Safe Bet For Investors?


Tanger Factory Outlet Centers Inc. (NYSE:SKT) closed its last session at $21.81. The stock traded within a range of $21.14 and $23.33. The company operates in the Real Estate sector with a market capitalization of 2.05 Million. Trading volume for Tanger Factory Outlet Centers Inc. was 7.91 Million in its previous trading session. Currently, Tanger Factory Outlet Centers Inc. (NYSE:SKT) has an average volume of 1.44 Million.

Company Profile

Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust which focuses exclusively on developing, acquiring, owning and operating factory outlet centers.  Since entering the factory outlet center business, they have become one of the largest owners and operators of factory outlet centers in the United States.

Analyst Views

Tanger Factory Outlet Centers Inc. (NYSE:SKT) received a Buy rating from 0 analysts. 0 analysts gave its stock an Outperform rating. 3 analysts say it’s a Hold while 0 analysts provided their expert opinion as Sell.

Tanger Factory Outlet Centers Inc. (NYSE:SKT) touched its 1-Year High price of $34.76 on 02/27/17 and its 1-Year Low price of $21.14 on 02/14/18.

EPS & Financials

Tanger Factory Outlet Centers Inc. (NYSE:SKT) reported its EPS in the last quarter as $0.33/Share beating the analyst estimate of $0.28/Share by a difference of $0.05. This showed a surprise of 17.9% in the last quarter earnings.

For the current quarter, 2 analysts are projecting a mean EPS of $0.25/share. According to their observations and findings, the stock could provide a high EPS of $0.25/share and a low EPS of $0.25/share.

Analysts believe that the company has the potential to earn average revenue of $122.68 Million for the current quarter. According to their predictions high & low revenue estimates are 123.37 Million and 122 Million respectively.

Technical Analysis

By taking a look at the stock’s current statistics it can gauged that the stock candle is BEARISH with HIGH volatility. Tanger Factory Outlet Centers Inc. (NYSE:SKT) has a 20-Day average volume of 2.02 Million. According to today’s trading volume Tanger Factory Outlet Centers Inc. is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The trend for the past 10-days shows that the company was in BEARISH territory while an analysis of the last 40-Day trend shows a BEARISH signal. The 100-Day trend also shows a BULLISH trend as well.

The company currently has an insider ownership of 0.6 Percent and Institutional ownership of 0 Percent. The return on assets stands at 2.3%, Return on Equity currently is 9.4% and the Return on Investment value is 6.4%.

Tanger Factory Outlet Centers Inc. (NYSE:SKT) gross margin percentage stands at 67.8% while its operating margin for the past trailing twelve month is 24.6 percent and its overall profit margin (ttm) is 12.2 Percent. The stock is currently moving below its 20-Day Simple Moving Average of -10.78% with a 50-Day Simple Moving Average of -13.04 percent. As of today, the company has a SMA200 (200-day simple moving average) of -13.91 Percent. The Stock has YTD (year to date) performance of -17.73 percent.

The TTM operating margin for the company stands at 24.6%. The return on invested capital is at 6.4%, which is good, compared to its peers. The Free Cash Flow or FCF margin is 18.97.

The company’s stock is currently moving with a -ve distance from the 200 day SMA of approximately -13.91%, and has a solid year to date (YTD) performance of -17.73% which means that the stock is constantly adding to its value from the previous fiscal year end price.