Gallardo Swanson, Executive Vice President and Chief Operating Officer of Tanger Inc (SKT, Financial), sold 17,900 shares of the company on September 9, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 85,396 shares of Tanger Inc.
Tanger Inc operates as a real estate investment trust primarily focused on shopping centers. It specializes in outlet centers that feature a variety of brand-name and designer retailers.
Over the past year, the insider has sold a total of 17,900 shares and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 7 insider sells and no insider buys over the past year.
On the date of the sale, shares of Tanger Inc were trading at $30.74, valuing the company at a market cap of $3.38 billion. The price-earnings ratio of the company stands at 34.34, which is above both the industry median of 16.78 and the historical median for the company.
According to the GF Value, the intrinsic value of Tanger Inc is estimated at $21.04 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.46.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business results.
This sale by the insider may be of interest to current and potential investors, providing insight into insider confidence and valuation perspectives at Tanger Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
