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Is Tanger Factory Outlet (SKT) a Great Value Stock Right Now?
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is Tanger Factory Outlet (SKT - Free Report) . SKT is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 7.34 right now. For comparison, its industry sports an average P/E of 15.48. SKT's Forward P/E has been as high as 10.08 and as low as 6.29, with a median of 8.25, all within the past year.
We should also highlight that SKT has a P/B ratio of 2.92. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 4.03. SKT's P/B has been as high as 4.36 and as low as 2.52, with a median of 3.48, over the past year.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. SKT has a P/S ratio of 3.11. This compares to its industry's average P/S of 6.81.
Finally, investors will want to recognize that SKT has a P/CF ratio of 7.21. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 14.90. Within the past 12 months, SKT's P/CF has been as high as 12.47 and as low as 6.18, with a median of 7.92.
These are only a few of the key metrics included in Tanger Factory Outlet's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, SKT looks like an impressive value stock at the moment.
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Is Tanger Factory Outlet (SKT) a Great Value Stock Right Now?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is Tanger Factory Outlet (SKT - Free Report) . SKT is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 7.34 right now. For comparison, its industry sports an average P/E of 15.48. SKT's Forward P/E has been as high as 10.08 and as low as 6.29, with a median of 8.25, all within the past year.
We should also highlight that SKT has a P/B ratio of 2.92. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 4.03. SKT's P/B has been as high as 4.36 and as low as 2.52, with a median of 3.48, over the past year.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. SKT has a P/S ratio of 3.11. This compares to its industry's average P/S of 6.81.
Finally, investors will want to recognize that SKT has a P/CF ratio of 7.21. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 14.90. Within the past 12 months, SKT's P/CF has been as high as 12.47 and as low as 6.18, with a median of 7.92.
These are only a few of the key metrics included in Tanger Factory Outlet's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, SKT looks like an impressive value stock at the moment.