Just came across an interesting angle on growth stocks that's worth digging into. Most growth investors chase flashy names, but sometimes the real opportunities hide in plain sight with companies like Tanger (SKT).

Here's what caught my attention: the traditional metrics everyone looks at don't always tell the full story. Tanger's fundamentals actually stack up pretty well when you dig deeper. The company's earnings per share is projected to grow 5.1% this year, which beats the industry average of 3.4%. That's the kind of consistent outperformance you want to see in a growth play.

But it's not just about earnings. What really stands out is how efficiently Tanger operates. The sales-to-assets ratio is sitting at 0.23, meaning the company generates 23 cents in sales for every dollar of assets on the books. Compare that to the industry average of 0.14, and you're looking at a company that's doing more with what it has. Plus, sales growth expectations of 6% versus the 2.6% industry average suggests real momentum building.

There's also something worth noting about earnings estimate revisions. When analysts start upgrading their forecasts, it usually signals something positive is happening under the hood. Tanger's consensus estimates have been trending upward over the past month, which is exactly the kind of signal that often precedes solid stock performance.

The combination of these factors has given Tanger a Zacks Rank of 2 and a Growth Score of B. Historically, stocks hitting that combination tend to outperform the broader market. For growth-focused investors, that's exactly the kind of setup you're looking for. Worth keeping on your radar if you're hunting for companies with real growth potential rather than just hype.