Diamond Hill Capital Management Upped By $2.88 Million Its Tanger Factory Outlet Centers (SKT) Position; Lacrosse Footwear Has 1.03 Sentiment

November 15, 2017 - By Vivian Park

Diamond Hill Capital Management Inc increased Tanger Factory Outlet Centers (SKT) stake by 30.33% reported in 2017Q2 SEC filing. Diamond Hill Capital Management Inc acquired 115,385 shares as Tanger Factory Outlet Centers (SKT)’s stock declined 22.80%. The Diamond Hill Capital Management Inc holds 495,869 shares with $12.88 million value, up from 380,484 last quarter. Tanger Factory Outlet Centers now has $2.32B valuation. The stock declined 0.89% or $0.22 reaching $24.5 on the news. About 59,171 shares traded. Tanger Factory Outlet Centers Inc. (NYSE:SKT) has declined 24.30% since November 15, 2016 and is downtrending. It has underperformed by 41.00% the S&P500.

Boot Barn Holdings, Inc. is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The company has market cap of $334.81 million. The Company’s stores are located in or near neighborhood shopping centers with trade areas of approximately five or more miles, and it has opened stores in malls and outlet center locations. It has a 22.75 P/E ratio. The Company’s stores average an area of approximately 11,490 square feet and feature an assortment of brands and styles.

Among 10 analysts covering Tanger Factory Outlet Centers (NYSE:SKT), 2 have Buy rating, 1 Sell and 7 Hold. Therefore 20% are positive. Tanger Factory Outlet Centers had 36 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, September 22, the company rating was maintained by KeyBanc Capital Markets. The firm has “Buy” rating by Goldman Sachs given on Tuesday, December 8. The company was upgraded on Wednesday, August 26 by Zacks. Jefferies maintained the shares of SKT in report on Wednesday, August 16 with “Hold” rating. Citigroup maintained the shares of SKT in report on Friday, November 10 with “Sell” rating. The stock of Tanger Factory Outlet Centers Inc. (NYSE:SKT) has “Sell” rating given on Thursday, August 3 by Boenning & Scattergood. Zacks downgraded the stock to “Buy” rating in Tuesday, August 18 report. UBS maintained Tanger Factory Outlet Centers Inc. (NYSE:SKT) on Friday, August 26 with “Neutral” rating. Hilliard Lyons downgraded Tanger Factory Outlet Centers Inc. (NYSE:SKT) on Wednesday, July 6 to “Neutral” rating. On Tuesday, October 6 the stock rating was upgraded by Bank of America to “Neutral”.

Diamond Hill Capital Management Inc decreased Live Nation Entertainment Inc (NYSE:LYV) stake by 126,965 shares to 1.40M valued at $48.88M in 2017Q2. It also reduced Kimberly (NYSE:KMB) stake by 65,639 shares and now owns 2.05M shares. Procter & Gamble Co. (NYSE:PG) was reduced too.

Investors sentiment increased to 1.39 in Q2 2017. Its up 0.29, from 1.1 in 2017Q1. It increased, as 31 investors sold SKT shares while 73 reduced holdings. 53 funds opened positions while 92 raised stakes. 89.64 million shares or 1.53% more from 88.29 million shares in 2017Q1 were reported. Wells Fargo And Mn has 0% invested in Tanger Factory Outlet Centers Inc. (NYSE:SKT) for 122,414 shares. Stifel Financial Corporation accumulated 128,557 shares. Strs Ohio invested 0.02% of its portfolio in Tanger Factory Outlet Centers Inc. (NYSE:SKT). Goldman Sachs Group Incorporated, a New York-based fund reported 832,330 shares. 93,960 were accumulated by Sumitomo Mitsui Tru Holding. 8,871 were accumulated by Cambridge Invest Rech Advsrs. Ny State Common Retirement Fund reported 217,560 shares. M&R Capital Mngmt Inc has 2,000 shares for 0.01% of their portfolio. Moreover, Brinker Capital Incorporated has 0.01% invested in Tanger Factory Outlet Centers Inc. (NYSE:SKT). Nationwide Fund invested in 169,302 shares. Meeder Asset Mngmt Inc owns 2,719 shares. Bb&T Limited Liability Corp reported 8,575 shares. Ar Asset Management Inc has invested 0.27% in Tanger Factory Outlet Centers Inc. (NYSE:SKT). Raymond James Associates reported 206,223 shares. Salem Invest Counselors holds 4,900 shares.

Analysts await Boot Barn Holdings Inc (NYSE:BOOT) to report earnings on January, 30. They expect $0.42 EPS, up 7.69% or $0.03 from last year’s $0.39 per share. BOOT’s profit will be $11.20 million for 7.48 P/E if the $0.42 EPS becomes a reality. After $0.04 actual EPS reported by Boot Barn Holdings Inc for the previous quarter, Wall Street now forecasts 950.00% EPS growth.

About 144,847 shares traded. Boot Barn Holdings Inc (BOOT) has risen 24.96% since November 15, 2016 and is uptrending. It has outperformed by 8.26% the S&P500.

Ratings analysis reveals 33% of Boot Barn Holdings’s analysts are positive. Out of 3 Wall Street analysts rating Boot Barn Holdings, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $15.0 while the high is $17.0. The stock’s average target of $16 is 27.39% above today’s ($12.56) share price. BOOT was included in 3 notes of analysts from November 14, 2016. Robert W. Baird downgraded the shares of BOOT in report on Wednesday, November 30 to “Neutral” rating. The rating was initiated by Mizuho with “Neutral” on Thursday, December 15. The rating was upgraded by Citigroup to “Buy” on Monday, November 14.

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