Company Stock Price of Tanger Factory Outlet Centers, Inc. (SKT) Increases 4.19%

Tanger Factory Outlet Centers, Inc. s trend and data analysis indicates that the stock price has dropped -6.52% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -16.48% . Looking at the past 52 week period, the stock price is down -9.49% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Tanger Factory Outlet Centers, Inc. has a negative value of -2.54 compared to overall market performance.Tanger Factory Outlet Centers, Inc. is having a Relative Strength Index of 43.75 which indicates the stock is not yet over sold or over bought based on the technical indicators.

Stocks of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) rallied by 4.19% during the past week but lost 3.41% on a 4-week basis. The company has outperformed the S&P 500 by 3.95% in the past week but underperformed the index by 4.51% in the last 4 weeks.

Company shares have received an average consensus rating of Hold for the current week Tanger Factory Outlet Centers, Inc. (NYSE:SKT) : On Friday heightened volatility was witnessed in Tanger Factory Outlet Centers, Inc. (NYSE:SKT) which led to swings in the share price. The stock opened for trading at $32.35 and hit $32.61 on the upside , eventually ending the session at $32.54, with a gain of 0.68% or 0.22 points. The heightened volatility saw the trading volume jump to 1,630,679 shares. The 52-week high of the share price is $42.2 and the company has a market cap of $3,132 million. The 52-week low of the share price is at $30.98 .

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Tanger Factory Outlet Centers was Upgraded by Jefferies on Jan 4, 2017 to Buy, Price Target of the shares are set at $42.

Company has reported several Insider transactions to the SEC, on Mar 2, 2017, Thomas E. Mcdonough (EVP, Chief Operating Officer) sold 15,645 shares at 33.97 per share price.On Mar 1, 2017, James Floyd Williams (Sr.VP &CFO) sold 3,000 shares at 34.61 per share price.On Mar 1, 2017, Chad Perry (EVP,General Counsel,Secretary) sold 3,000 shares at 34.45 per share price.

Tanger Factory Outlet Centers Last issued its quarterly earnings results on Feb 14, 2017. The company reported $0.61 EPS for the quarter. Analyst had a consensus estimate of $0.61. The company had revenue of $124.60 million for the quarter, compared to analysts expectations of $121.93 million. The companys revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

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.


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