Tanger Factory Outlet Centers, Inc. (SKT) EPS Estimated At $0.60

October 13, 2018 - By Ellis Scott

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) LogoInvestors sentiment decreased to 0.9 in Q2 2018. Its down 0.31, from 1.21 in 2018Q1. It fall, as 36 investors sold Tanger Factory Outlet Centers, Inc. shares while 78 reduced holdings. 26 funds opened positions while 77 raised stakes. 92.48 million shares or 1.54% more from 91.08 million shares in 2018Q1 were reported.
Arizona State Retirement System has 65,528 shares for 0.02% of their portfolio. Endowment Management Limited Partnership has 67,100 shares for 0.21% of their portfolio. 1,240 were reported by Pinebridge Ltd Partnership. Panagora Asset Mngmt stated it has 607,595 shares. Amalgamated Bancorp reported 15,023 shares. Asset One stated it has 0.01% of its portfolio in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). Jefferies Gru Ltd stated it has 0% in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). 59,623 were accumulated by Metropolitan Life Ins Communication Ny. Louisiana State Employees Retirement has invested 0.03% of its portfolio in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). 19,901 were accumulated by Teachers Retirement Sys Of The State Of Kentucky. Federated Invsts Pa invested in 0% or 40,557 shares. 107,783 are held by Amica Pension Fund Board Of Trustees. Aperio Grp Inc Ltd Liability Company has 0.01% invested in Tanger Factory Outlet Centers, Inc. (NYSE:SKT) for 50,799 shares. Cambridge Advsrs Incorporated accumulated 9,222 shares or 0% of the stock. 10,000 are held by Telemus Cap.

Since May 22, 2018, it had 0 buys, and 4 sales for $202,373 activity. Worsham Charles Allen sold $92,928 worth of stock. Guerrieri Thomas Joseph JR also sold $12,131 worth of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) shares.

Analysts expect Tanger Factory Outlet Centers, Inc. (NYSE:SKT) to report $0.60 EPS on November, 6.They anticipate $0.33 EPS change or 122.22 % from last quarter’s $0.27 EPS. SKT’s profit would be $58.88 million giving it 8.92 P/E if the $0.60 EPS is correct. After having $0.60 EPS previously, Tanger Factory Outlet Centers, Inc.’s analysts see 0.00 % EPS growth. The stock decreased 1.61% or $0.35 during the last trading session, reaching $21.4. About 1.60M shares traded or 24.53% up from the average. Tanger Factory Outlet Centers, Inc. (NYSE:SKT) has declined 5.34% since October 14, 2017 and is downtrending. It has underperformed by 20.96% the S&P500.

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Ratings Coverage

Among 2 analysts covering Tanger Factory Outlet (NYSE:SKT), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Tanger Factory Outlet had 2 analyst reports since May 2, 2018 according to SRatingsIntel. The stock of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) has “Neutral” rating given on Thursday, August 16 by Citigroup. The rating was downgraded by KeyBanc Capital Markets on Wednesday, May 2 to “Underweight”.

Tanger Factory Outlet Centers, Inc. , is a publicly-traded REIT headquartered in Greensboro, North Carolina that operates and owns, or has an ownership interest in, a portfolio of 44 upscale outlet shopping centers. The company has market cap of $2.10 billion. Tanger's operating properties are located in 22 states coast to coast and in Canada, totaling approximately 15.3 million square feet leased to over 3,100 stores operated by more than 510 different brand name companies. It has a 33.08 P/E ratio. The Firm has more than 36 years experience in the outlet industry.

Another recent and important Tanger Factory Outlet Centers, Inc. (NYSE:SKT) news was published by Seekingalpha.com which published an article titled: “Why We Sold Tanger Factory Outlet” on September 30, 2018.

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Institutional Positions Chart

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