Tanger Factory Outlet Centers, Inc

Joanna Estrada
January 13, 2018

The stock tapped a 52-week high of US$14.75 while the mean 12-month price target for the shares is US$16. Hsbc Holdings Plc who had been investing in Tanger Factory Outlet Ctrs I for a number of months, seems to be bullish on the $2.48B market cap company. The stock increased 2.22% or $0.58 during the last trading session, reaching $26.74. A stock rating will usually tell the investor how well a stock's market value relates to what analysts believe is a fair value for the stock, based on an objective evaluation of the company. Owens Corning (NYSE:OC) has risen 23.07% since January 12, 2017 and is uptrending. It has underperformed by 41.00% the S&P500. During the key period of last 5 years, Tanger Factory Outlet Centers, Inc. SKT's profit will be $62.17 million for 9.97 P/E if the $0.63 EPS becomes a reality. Ltd. owned approximately 0.21% of Tanger Factory Outlet Centers worth $4,962,000 at the end of the most recent reporting period. The stock increased 0.30% or $0.29 during the last trading session, reaching $95.78. About 575,687 shares traded. Schwab Charles Investment Management Inc. grew its holdings in shares of Tanger Factory Outlet Centers by 7.1% during the second quarter. (NYSE:SKT) has declined 24.30% since January 12, 2017 and is downtrending.

Dean Capital Management, which manages about $555.00M and $213.56M US Long portfolio, decreased its stake in Renasant Corp (NASDAQ:RNST) by 13,160 shares to 50,035 shares, valued at $2.15 million in 2017Q3, according to the filing.

Analysts await SM Energy Company (NYSE:SM) to report earnings on February, 28. Likewise, the downbeat performance for the last quarter was -0.60% and for the full year it was -31.46%. The share price has moved backward from its 20 days moving average, trading at a distance of -4.28% and stays -0.03% away from its 50 days moving average. Its down 0.06, from 0.87 in 2017Q2. McDonough Thomas E. sold $287,027 worth of stock. Crestpoint Cap Mngmt Ltd Liability Corporation has invested 0.21% in Foot Locker, Inc. Moreover, Dean Capital Management has 1.85% invested in the company for 161,520 shares. Barclays Public Limited Co accumulated 142,912 shares or 0% of the stock. Weiss Multi has 200,000 shares for 0.13% of their portfolio. James Rech reported 0.06% stake. The institutional investor held 869,618 shares of the consumer services company at the end of 2017Q3, valued at $21.24 million, up from 726,594 at the end of the previous reported quarter. 93,200 were accumulated by Pictet Asset Mgmt Limited. Amg Financial Bank holds 37,372 shares or 0.05% of its portfolio. It also upped Vmware Inc (NYSE:VMW) stake by 1.27M shares and now owns 3.91M shares.

When we look at the Analyst Recommendations of the stock, the company has 3 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Therefore 65% are positive. SmartFinancial had 4 analyst reports since August 29, 2016 according to SRatingsIntel. The firm has "Hold" rating by Jefferies given on Monday, July 17. Jefferies maintained the stock with "Buy" rating in Tuesday, June 20 report. The stock is a Buy among 1 brokerage firms polled by Factset Research. On Wednesday, January 4 the stock rating was upgraded by Jefferies to "Buy". The company was maintained on Wednesday, October 7 by RBC Capital Markets.

Investors sentiment increased to 1.06 in 2017 Q3. Its down 0.38, from 1.39 in 2017Q2. 56 funds opened positions while 132 raised stakes. Midas reported 0.58% stake. Bank of America downgraded Tanger Factory Outlet Centers, Inc. Exane Derivatives has invested 0% in Tanger Factory Outlet Centers, Inc. (NYSE:SKT) earned "Neutral" rating by UBS on Friday, August 26. Brown Brothers Harriman, New York-based fund reported 1,000 shares. Westpac Banking Corp has 98,686 shares for 0.05% of their portfolio. Midas holds 0.58% of its portfolio in Tanger Factory Outlet Centers, Inc. Price T Rowe Inc Md, a Maryland-based fund reported 15,894 shares. Great West Life Assurance Comm Can reported 2,611 shares. Denver Inv Ltd Limited Liability Company has 0.11% invested in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). Pettyjohn Wood And White has 34,540 shares. (NYSE:SKT) has "Hold" rating given on Friday, November 3 by Boenning & Scattergood.

KIM's debt-to-equity ratio is 1.06 versus a D/E of 3.07 for SKT. Riverhead Capital Management LLC raised its holdings in shares of Tanger Factory Outlet Centers by 101.5% during the 2nd quarter. For example, a stock that has a high standard deviation experiences higher volatility, and therefore, a higher level of risk is associated with the stock. 54,553 were reported by Dupont Cap Mngmt Corporation.

Tanger Factory Outlet Centers, Inc is an owner and operator of outlet centers in the United States and Canada. However, the volume average of the last three months is 1.64 million shares. For the past 5 years, the company's revenue has grown 3.4%, while the company's earnings per share has grown 22%. The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E ratio.

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