4 hours ago

Tanger Recent Insider Activity

A substantial insider sell was reported on November 20, by Joseph Thomas Guerrieri JR, SVP at Tanger (NYSE:SKT), based on the recent SEC filing.

What Happened: After conducting a thorough analysis, JR sold 3,000 shares of Tanger. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The total transaction value is $108,810.

The latest market snapshot at Thursday morning reveals Tanger shares down by 0.0%, trading at $36.43.

Get to Know Tanger Better

Tanger Inc is a leading owner and operator of outlet and open-air retail shopping destinations. Tanger's portfolio of 38 outlet centers and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in U.S. states and Canada.

A Deep Dive into Tanger's Financials

Revenue Growth: Tanger's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 13.34%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.

Holistic Profitability Examination: