Tanger Factory Outlet Centers CMO Sells $88,500 in Stock (SKT)
Tanger Factory Outlet Centers (NYSE:SKT) CMO Carrie A. Geldner sold 2,500 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $35.40, for a total value of $88,500.00. Following the transaction, the chief marketing officer now directly owns 74,614 shares of the company’s stock, valued at approximately $2,641,336. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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 price-to-earnings ratio of 31.54.
Tanger Factory Outlet Centers (NYSE:SKT) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.45 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.42 earnings per share. Tanger Factory Outlet Centers’s revenue was up 16.0% compared to the same quarter last year. On average, analysts predict that Tanger Factory Outlet Centers will post $1.95 earnings per share 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.
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