Analysts See $0.59 EPS for Tanger Factory Outlet Centers Inc. (SKT)

July 17, 2017 - By Nellie Frank

 Analysts See $0.59 EPS for Tanger Factory Outlet Centers Inc. (SKT)
Investors sentiment increased to 1.21 in 2016 Q4. Its up 0.12, from 1.09 in 2016Q3. It is positive, as 20 investors sold Tanger Factory Outlet Centers Inc. shares while 89 reduced holdings. 31 funds opened positions while 101 raised stakes. 86.86 million shares or 0.72% less from 87.49 million shares in 2016Q3 were reported.
Parkwood holds 0.04% or 7,131 shares in its portfolio. Ls Invest Llc, a Michigan-based fund reported 6,518 shares. Moreover, Bessemer Gru Incorporated has 0.02% invested in Tanger Factory Outlet Centers Inc. (NYSE:SKT). Fincl Bank Of Montreal Can has invested 0% in Tanger Factory Outlet Centers Inc. (NYSE:SKT). State Of Alaska Department Of Revenue has invested 0.13% of its portfolio in Tanger Factory Outlet Centers Inc. (NYSE:SKT). 34,187 are held by Amp Invsts. Credit Agricole S A has 0.01% invested in Tanger Factory Outlet Centers Inc. (NYSE:SKT) for 110,058 shares. Wetherby Asset Management holds 0.07% or 9,485 shares in its portfolio. Echo Street Management Ltd Co reported 0.33% of its portfolio in Tanger Factory Outlet Centers Inc. (NYSE:SKT). Thompson Siegel & Walmsley Limited Co holds 104 shares. Blackrock Advsrs Limited Liability Corp holds 0.02% of its portfolio in Tanger Factory Outlet Centers Inc. (NYSE:SKT) for 563,927 shares. Sg Americas Securities Limited Liability Co has 18,360 shares for 0.01% of their portfolio. Guggenheim Cap Ltd Liability Corp holds 0.01% in Tanger Factory Outlet Centers Inc. (NYSE:SKT) or 61,843 shares. South Dakota Invest Council reported 0.06% of its portfolio in Tanger Factory Outlet Centers Inc. (NYSE:SKT). 63,877 are owned by Wells Fargo & Communications Mn.

Since February 21, 2017, it had 0 insider purchases, and 8 insider sales for $2.55 million activity. Perry Chad sold $103,362 worth of stock. 3,000 Tanger Factory Outlet Centers Inc. (NYSE:SKT) shares with value of $103,818 were sold by Williams James Floyd. The insider SCHUMAN ALLAN L sold $939,032. 7,000 Tanger Factory Outlet Centers Inc. (NYSE:SKT) shares with value of $239,316 were sold by SUMMERELL VIRGINIA R. GELDNER CARRIE A sold $67,504 worth of stock. McDonough Thomas E. had sold 10,409 shares worth $340,270 on Monday, April 3.

Investors wait Tanger Factory Outlet Centers Inc. (NYSE:SKT) to report on July, 25. its quarterly earnings Wall Street analysts expect $0.59 earnings per share, $0.00 or 0.00 % from last year’s $0.59 same quarter earnings. This translates into $57.49M profit for SKT giving the stock a 11.26 P/E. This is assuming the current $0.59 EPS is accurate. Tanger Factory Outlet Centers Inc.’s Wall Street analysts see 1.72 % EPS growth, taking into account the $0.58 EPS reproted in the previous quarter, It is down 24.30% since July 17, 2016 and is downtrending. It has underperformed by 41.00% the S&P500.

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

Among 8 analysts covering Tanger Factory Outlet Centers (NYSE:SKT), 2 have Buy rating, 1 Sell and 5 Hold. Therefore 25% are positive. Tanger Factory Outlet Centers had 24 analyst reports since July 21, 2015 according to SRatingsIntel. Hilliard Lyons upgraded the stock to “Buy” rating in Thursday, February 11 report. The rating was upgraded by Hilliard Lyons on Tuesday, August 25 to “Neutral”. The firm has “Neutral” rating by Hilliard Lyons given on Thursday, October 29. On Monday, June 12 the stock rating was upgraded by Citigroup to “Hold”. The rating was downgraded by Citigroup on Tuesday, December 13 to “Sell”. As per Tuesday, August 11, the company rating was maintained by M Partners. Bank of America downgraded it to “Underperform” rating and $25.50 target in Friday, June 23 report. The rating was upgraded by Zacks on Wednesday, August 26 to “Hold”. Hilliard Lyons downgraded the shares of SKT in report on Wednesday, July 6 to “Neutral” rating. The firm has “Hold” rating given on Tuesday, September 8 by Evercore.

Tanger Factory Outlet Centers, Inc. is an owner and operator of outlet centers in the United States and Canada. The company has market cap of $2.59 billion. The Firm is a fully-integrated, self-administered and self-managed real estate investment trust , which focuses on developing, acquiring, owning, operating and managing outlet shopping centers. It has a 13.57 P/E ratio. As of December 31, 2016, its portfolio consisted of 36 outlet centers, with a total gross leasable area of approximately 12.7 million square feet, which were 98% occupied and contained over 2,600 stores representing approximately 400 store brands.

More notable recent Tanger Factory Outlet Centers Inc. (NYSE:SKT) news were published by: Seekingalpha.com which released: “Why Tanger Factory Outlets Is On My Shopping List” on June 29, 2017, also Seekingalpha.com with their article: “Tanger Factory Outlet Centers: A Beaten-Down, High-Yield REIT Paying Safe …” published on June 06, 2017, Prnewswire.com published: “Tanger Closes on $300 Million 3.875% Senior Notes Due 2027” on July 03, 2017. More interesting news about Tanger Factory Outlet Centers Inc. (NYSE:SKT) were released by: Prnewswire.com and their article: “TANGER FACTORY OUTLET CENTERS, INC. CEO Presentation at NAREIT’s REITWeek 2017” published on May 30, 2017 as well as Prnewswire.com‘s news article titled: “Tanger Outlets Awards Childrens Education Grants Nationwide” with publication date: June 19, 2017.

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