In the past 52-week period, shares of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) have moved within the range of $23.06 to $37.34. On the stock’s most recent trading day, the company’s shares ended the regular session at $24.13, which is 35.38% lower than its 52-week high.
Tanger Factory Outlet Centers, Inc. (SKT) has demonstrated a 20-day simple moving average (SMA) of -3.44%, and a 50-day SMA of -1.66%. This public company’s current market capitalization stands at $2.32 billion.
Analyzing Consensus Estimates, Sales Revenue and Net Income
Checking the amount of enthusiasm that Wall Street analysts hold for a particular stock is crucial when thinking about entering a position. According to the latest data, the consensus recommendation for Tanger Factory Outlet Centers, Inc. (SKT) is Hold.
Public companies normally post earnings and revenue results that fall somewhat above or below the average Wall Street estimate. In the most recent quarterly financial report, for the quarter ending Jun. 2017, Tanger Factory Outlet Centers, Inc. (SKT) delivered a 1.36% surprise with its net revenue. Sales reached $0.12 billion during the three-month period, compared to the average analyst estimate of $0.12 billion.
Meanwhile, during the same quarter Tanger Factory Outlet Centers, Inc. (SKT) delivered a 0.75% earnings surprise. Net earnings for the quarter were posted at $0.59 per share, whereas Wall Street had forecast $0.59 per share.
Ownership at Tanger Factory Outlet Centers, Inc. (SKT), According to Most Recent SEC Filings
A publicly-traded organization’s latest 13F filings tell us important details about its institutional ownership. Tanger Factory Outlet Centers, Inc. (SKT) has 0.1 billion shares outstanding currently, 96.91% of which belong to institutional investors. Those institutional holdings amount to $2.25 billion.
Additionally, according to the most recent 13F filing from Tanger Factory Outlet Centers, Inc. (SKT), there were 45 new positions totaling 2,606,481 shares of the company’s stock. There were 35 sold out positions, on the other hand, totaling 9,636,513 shares.
Short, Medium and Long Term Indicators
Assessing the average trade volume of a public company’s stock in the short, medium and long term is helpful to gain an understanding of trading activity and investor sentiment. Tanger Factory Outlet Centers, Inc. (SKT) has had a 20-day average volume of 1,112,835 shares, with an average of 60% of short term indicators pointed at Sell.
The stock’s 50-day average volume has been 1,363,618 shares, with an average of 75% of medium term indicators pointing toward Sell. Finally, its 100-day average volume is 1,762,526 shares with 67% of long-term indicators pointing to Sell.