Stock News Buzz: Tanger Factory Outlet Centers (NYSE:SKT)

Tanger Factory Outlet Centers (NYSE:SKT) changed 0.49% to recent value of $6.14. The stock transacted 3557304 shares during most recent day however it has an average volume of 2.45M shares. It spotted trading -65.77% off 52-week high price. On the other end, the stock has been noted 51.60% away from the low price over the last 52-weeks.

 On Oct. 19, 2020, Tanger Factory Outlet Centers (NYSE:SKT) a leader in the outlet industry, notified its 2019 Tanger Corporate Responsibility Report, which highlights the company’s efforts, accomplishments, and performance in relation to environmental, social and governance (ESG) matters.

The 2019 Tanger Corporate Responsibility Report provides an overview of the company’s approach to the environment, community engagement, and developing a diverse, collaborative, and entrepreneurial workplace for its employees.

The Report found Tanger’s environmental efforts in 2019 resulted in a 5.7% decrease in greenhouse gas (GHG) emissions at stable centers compared to 2018, with an overall reduction in GHG emissions of 11.4% since 2016. More than 30% of Tanger’s centers have now achieved LEED Gold certification. Additionally, the Report reviewed the company’s gender diversity, finding women comprised 87% of field employees and 53% of Tanger’s Executive Leadership Team, as of December 2019.

 SKT has a gross margin of 65.00% and an operating margin of 4.50% while its profit margin remained -9.40% for the last 12 months. Its earnings per share (EPS) expected to touch remained 104.90% for this year while earning per share for the next 5-years is expected to reach at 6.70%.

 The company has 92.63M of outstanding shares and 91.04M shares were floated in the market. The price moved ahead of -1.55% from the mean of 20 days, 0.54% from mean of 50 days SMA and performed -25.06% from mean of 200 days price. Company’s performance for the week was -6.54%, -4.06% for month and YTD performance remained -58.32%.

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