.png "Tanger Factory (NYSE: SKT)")
Today, the SVP,Construction & Development of Tanger Factory (NYSE: SKT), Charles Allen Worsham, sold shares of SKT for $92.93K.
In addition to Charles Allen Worsham, one other SKT executive reported Sell trades in the last month.
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Based on Tanger Factory’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $124 million and quarterly net profit of $22.58 million. In comparison, last year the company earned revenue of $122 million and had a net profit of $22.04 million. SKT’s market cap is $2.05B and the company has a P/E ratio of 30.61. Currently, Tanger Factory has an average volume of 1.45M.
Five different firms, including Boenning & Scattergood and Merrill Lynch, currently also have a Sell rating on the stock.
The insider sentiment on Tanger Factory has been negative according to 50 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust. It focuses on developing, acquiring, owning, operating and managing outlet shopping centers. The company was founded by Stanley K. Tanger in 1981 and is headquartered in Greensboro, NC.
