Insider Selling: Thomas E. Mcdonough Sells 1,000 Shares of Tanger Factory Outlet Centers Stock (SKT)
Tanger Factory Outlet Centers (NYSE:SKT) COO Thomas E. Mcdonough sold 1,000 shares of Tanger Factory Outlet Centers stock on the open market in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $35.61, for a total transaction of $35,610.00. Following the completion of the transaction, the chief operating officer now directly owns 163,539 shares in the company, valued at approximately $5,823,624. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Tanger Factory Outlet Centers (NYSE:SKT) traded up 0.93% during mid-day trading on Tuesday, hitting $35.69. The stock had a trading volume of 483,980 shares. Tanger Factory Outlet Centers has a 1-year low of $30.06 and a 1-year high of $36.32. The stock has a 50-day moving average of $35.6 and a 200-day moving average of $34.09. The company has a market cap of $3.340 billion and a P/E ratio of 31.54.
Tanger Factory Outlet Centers (NYSE:SKT) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.47 by $0.02. The company had revenue of $102.84 million for the quarter, compared to the consensus estimate of $99.03 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Analysts expect that Tanger Factory Outlet Centers will post $1.95 EPS for the current fiscal year.
Tanger Factory Outlet Centers, Inc is a fully integrated, self-administered and self-managed real estate investment trust (NYSE:SKT), which focuses on developing, acquiring, owning, operating and managing outlet shopping centers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.