Tanger Inc. (NYSE:SKT) Stock Has Average Target Price of $40.17

Key Points

• Analysts maintain a “Hold” consensus on Tanger, with eight hold, two buy, and one sell rating among 11 firms. The average 12-month price target is $40.17, above the stock’s reported $34.25 opening price.
• Tanger’s latest quarterly results exceeded expectations, with EPS of $0.29 versus a $0.25 consensus estimate and revenue of $156.39 million versus $142.58 million expected. Revenue increased 11.2% year over year, while full-year 2026 guidance is $2.45–$2.52 EPS.
• Institutional ownership remains high at 85.23%, with BlackRock increasing its stake by 7.7% and several other institutions initiating sizable positions during the second quarter.

Tanger Inc. (NYSE:SKT - Get Free Report) has been assigned an average recommendation of "Hold" from the eleven ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $40.17.

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Tanger from an "overweight" rating to a "neutral" rating and set a $39.00 target price on the stock. in a research note on Thursday, September 24th. Barclays dropped their target price on shares of Tanger from $42.00 to $41.00 and set an "equal weight" rating for the company in a research report on Monday, September 28th. UBS Group set a $41.00 target price on shares of Tanger in a research report on Thursday, June 18th. Evercore set a $39.00 price target on shares of Tanger in a report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Tanger from $35.00 to $40.00 and gave the company a "hold" rating in a research report on Wednesday, June 17th.

Tanger Trading Down 1.3%

Shares of SKT opened at $34.25 on Thursday. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 2.65. The stock has a market cap of $3.93 billion, a PE ratio of 31.14, a PEG ratio of 1.70 and a beta of 1.12. Tanger has a 1 year low of $31.13 and a 1 year high of $42.53. The stock has a 50 day simple moving average of $36.67 and a 200-day simple moving average of $37.50.

Tanger (NYSE:SKT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04. Tanger had a return on equity of 17.72% and a net margin of 20.74%. The business had revenue of $156.39 million for the quarter, compared to analyst estimates of $142.58 million. During the same quarter in the previous year, the firm earned $0.58 EPS. Tanger's quarterly revenue was up 11.2% on a year-over-year basis. Tanger has set its FY 2026 guidance at 2.450-2.520 EPS. On average, sell-side analysts predict that Tanger will post 2.50 EPS for the current fiscal year.

Institutional Trading of Tanger

Hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Tanger by 7.7% in the second quarter. BlackRock Inc. now owns 22,211,493 shares of the real estate investment trust's stock valued at $876,688,000 after purchasing an additional 1,582,006 shares in the last quarter. Jupiter Topco LLC bought a new position in Tanger in the 2nd quarter valued at $33,960,000. Legal & General Group Plc bought a new position in Tanger in the 2nd quarter valued at $31,684,000. Nicholas Investment Partners LP acquired a new stake in shares of Tanger in the 2nd quarter valued at $16,977,000. Finally, Bank of America Corp DE acquired a new stake in shares of Tanger in the 2nd quarter valued at $14,825,000. Institutional investors and hedge funds own 85.23% of the company's stock.

About Tanger

Tanger Inc is a real estate investment trust that owns, operates and develops open-air outlet shopping centers. The company leases retail space to a broad range of brand-name and designer retailers, including apparel, footwear, accessories, home goods and other consumer-oriented businesses.

Founded in 1981 by Stanley K. Tanger, the company helped establish the outlet-center format in the United States. Tanger's properties are designed to serve both local shoppers and tourists, with tenants offering merchandise through outlet and value-oriented retail concepts.

Tanger serves markets across the United States and Canada through a portfolio of outlet centers located near major metropolitan areas, tourist destinations and highway corridors.

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