Previous close | 28.67 |
Open | 28.79 |
Bid | 28.88 x 800 |
Ask | 28.91 x 800 |
Day's range | 28.75 - 29.01 |
52-week range | 18.34 - 29.98 |
Volume | |
Avg. volume | 795,496 |
Market cap | 3.153B |
Beta (5Y monthly) | 1.81 |
PE ratio (TTM) | 31.39 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 1.10 (3.84%) |
Ex-dividend date | 29 Apr 2024 |
1y target est | N/A |
Tanger (SKT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Tanger Outlets (SKT) ended 2023 with 40 shopping centers as the company continues to build their portfolio of outlet destinations. Tanger CEO Stephen Yalof joins Yahoo Finance Live to discuss plans for further expansion moving forward in 2024. Yalof says he's "very optimistic about 2024" as consumers have remained resilient amid economic uncertainty. He notes apparel was "a big trend" in Tanger's fourth-quarter results, with family apparel seeing particular success. He calls this "exciting," given around 50% of their portfolio is apparel brands. Other categories showing continued momentum are athleisure and athletic footwear. Beyond the merchandise itself, Yalof says Tanger focuses on creating "a sense of community" within their shopping centers. He stresses their expansion strategy targets areas that allow them to engage both tourist and local shopper bases, which continually drives sales. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Q4 2023 Earnings Call Transcript February 16, 2024 Tanger Factory Outlet Centers, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Ashley Curtis: Good morning. I’m Ashley Curtis, Assistant Vice President of Investor Relations, and […]