S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
What Should Investors Make of These 3 Dividend Cuts?
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Trading Channel Breakout in Lululemon Brought by Earnings
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Constellation Brands Taps into Growth: Analysts Bullish on Stock
Salesforce: Time to Snap it Up as the Market Buys the Dip?
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Zscaler: Analysts Raise the Bar for the AI Cloud Security Company
How major US stock indexes fared Friday 6/2/2023
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
What Should Investors Make of These 3 Dividend Cuts?
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Trading Channel Breakout in Lululemon Brought by Earnings
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Constellation Brands Taps into Growth: Analysts Bullish on Stock
Salesforce: Time to Snap it Up as the Market Buys the Dip?
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Zscaler: Analysts Raise the Bar for the AI Cloud Security Company
How major US stock indexes fared Friday 6/2/2023
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
What Should Investors Make of These 3 Dividend Cuts?
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Trading Channel Breakout in Lululemon Brought by Earnings
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Constellation Brands Taps into Growth: Analysts Bullish on Stock
Salesforce: Time to Snap it Up as the Market Buys the Dip?
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Zscaler: Analysts Raise the Bar for the AI Cloud Security Company
How major US stock indexes fared Friday 6/2/2023
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
What Should Investors Make of These 3 Dividend Cuts?
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Trading Channel Breakout in Lululemon Brought by Earnings
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Constellation Brands Taps into Growth: Analysts Bullish on Stock
Salesforce: Time to Snap it Up as the Market Buys the Dip?
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Zscaler: Analysts Raise the Bar for the AI Cloud Security Company
How major US stock indexes fared Friday 6/2/2023
NYSE:SKT

Tanger Factory Outlet Centers (SKT) Stock Forecast, Price & News

$20.98
+0.57 (+2.79%)
(As of 06/2/2023 ET)
Compare
Today's Range
$20.59
$21.09
50-Day Range
$18.24
$20.99
52-Week Range
$13.26
$21.09
Volume
790,599 shs
Average Volume
851,282 shs
Market Capitalization
$2.21 billion
P/E Ratio
26.56
Dividend Yield
4.67%
Price Target
$21.25

Tanger Factory Outlet Centers MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
1.3% Upside
$21.25 Price Target
Short Interest
Bearish
8.06% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.74
Upright™ Environmental Score
News Sentiment
0.75mentions of Tanger Factory Outlet Centers in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$99,750 Sold Last Quarter
Proj. Earnings Growth
-0.53%
From $1.87 to $1.86 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.67 out of 5 stars

Finance Sector

803rd out of 874 stocks

Real Estate Investment Trusts Industry

173rd out of 191 stocks


SKT stock logo

About Tanger Factory Outlet Centers (NYSE:SKT) Stock

Tanger Factory Outlet Centers, Inc. engages in the operation of upscale open-air outlet centers. The firm focuses on developing, acquiring, owning, operating, and managing outlet shopping centers. The company was founded by Stanley K. Tanger in 1981 and is headquartered in Greensboro, NC.

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SKT Stock News Headlines

Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
High-Flying REIT Lifts Dividend, Hits 52-Week High
Tanger Outlets CEO sees rebound in retail
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Tanger (SKT) Upgraded to Buy: Here's Why
Tanger Factory Outlet (SKT) Surpasses Q1 FFO Estimates
Tanger: Q1 Earnings Snapshot
See More Headlines

SKT Price History

SKT Company Calendar

Last Earnings
8/08/2022
Ex-Dividend for 5/15 Dividend
4/27/2023
Dividend Payable
5/15/2023
Today
6/02/2023
Next Earnings (Confirmed)
8/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Retail REITs
Sector
Finance
CUSIP
87546510
Employees
310
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$21.25
High Stock Price Forecast
$22.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
-7.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$82.06 million
Pretax Margin
18.34%

Debt

Sales & Book Value

Annual Sales
$442.69 million
Cash Flow
$1.96 per share
Book Value
$4.81 per share

Miscellaneous

Free Float
102,867,000
Market Cap
$2.21 billion
Optionable
Optionable
Beta
1.82

Key Executives

  • Stephen J. Yalof
    President, Chief Executive Officer & Director
  • Leslie A. Swanson
    Chief Operating Officer & Executive Vice President
  • Michael Jason Bilerman
    Secretary, Chief Financial & Investment Officer
  • Ricky L. Farrar
    Vice President-Information Technologies
  • Thomas J. Guerrieri
    Chief Accounting Officer & Senior Vice President













SKT Stock - Frequently Asked Questions

Should I buy or sell Tanger Factory Outlet Centers stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SKT shares.
View SKT analyst ratings
or view top-rated stocks.

What is Tanger Factory Outlet Centers' stock price forecast for 2023?

2 equities research analysts have issued 1-year price targets for Tanger Factory Outlet Centers' shares. Their SKT share price forecasts range from $20.00 to $22.00. On average, they anticipate the company's share price to reach $21.25 in the next year. This suggests a possible upside of 1.3% from the stock's current price.
View analysts price targets for SKT
or view top-rated stocks among Wall Street analysts.

How have SKT shares performed in 2023?

Tanger Factory Outlet Centers' stock was trading at $17.94 at the beginning of 2023. Since then, SKT stock has increased by 17.0% and is now trading at $20.9850.
View the best growth stocks for 2023 here
.

Are investors shorting Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 8,480,000 shares, an increase of 19.4% from the April 30th total of 7,100,000 shares. Based on an average daily volume of 1,130,000 shares, the days-to-cover ratio is presently 7.5 days.
View Tanger Factory Outlet Centers' Short Interest
.

When is Tanger Factory Outlet Centers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our SKT earnings forecast
.

How can I listen to Tanger Factory Outlet Centers' earnings call?

Tanger Factory Outlet Centers will be holding an earnings conference call on Friday, August 4th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-660-6853 with passcode "13739144".

How were Tanger Factory Outlet Centers' earnings last quarter?

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) issued its earnings results on Monday, August, 8th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by $0.23. The real estate investment trust earned $105.84 million during the quarter, compared to analysts' expectations of $104.45 million. Tanger Factory Outlet Centers had a trailing twelve-month return on equity of 16.52% and a net margin of 19.12%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share.

How often does Tanger Factory Outlet Centers pay dividends? What is the dividend yield for Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers announced a quarterly dividend on Tuesday, April 11th. Investors of record on Friday, April 28th will be given a dividend of $0.245 per share on Monday, May 15th. This represents a $0.98 annualized dividend and a dividend yield of 4.67%. The ex-dividend date is Thursday, April 27th. This is an increase from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for SKT
.

Is Tanger Factory Outlet Centers a good dividend stock?

Tanger Factory Outlet Centers (NYSE:SKT) pays an annual dividend of $0.98 per share and currently has a dividend yield of 4.84%. SKT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 124.05%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SKT will have a dividend payout ratio of 52.69% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SKT.

What guidance has Tanger Factory Outlet Centers issued on next quarter's earnings?

Tanger Factory Outlet Centers updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $1.82-$1.90 for the period. The company issued revenue guidance of -.

What is Steven B. Tanger's approval rating as Tanger Factory Outlet Centers' CEO?

19 employees have rated Tanger Factory Outlet Centers Chief Executive Officer Steven B. Tanger on Glassdoor.com. Steven B. Tanger has an approval rating of 98% among the company's employees. This puts Steven B. Tanger in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Tanger Factory Outlet Centers own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tanger Factory Outlet Centers investors own include AT&T (T), Verizon Communications (VZ), Enterprise Products Partners (EPD), Delta Air Lines (DAL), Cisco Systems (CSCO), AbbVie (ABBV), Exxon Mobil (XOM), Simon Property Group (SPG), CVS Health (CVS) and Intel (INTC).

What is Tanger Factory Outlet Centers' stock symbol?

Tanger Factory Outlet Centers trades on the New York Stock Exchange (NYSE) under the ticker symbol "SKT."

Who are Tanger Factory Outlet Centers' major shareholders?

Tanger Factory Outlet Centers' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (17.58%), State Street Corp (6.14%), Ameriprise Financial Inc. (2.61%), LSV Asset Management (2.40%), JPMorgan Chase & Co. (2.21%) and FMR LLC (2.14%). Insiders that own company stock include Carrie A Warren, Chad Perry, Steven B Tanger, Thomas Joseph Guerrieri Jr and Thomas Reddin.
View institutional ownership trends
.

How do I buy shares of Tanger Factory Outlet Centers?

Shares of SKT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Tanger Factory Outlet Centers' stock price today?

One share of SKT stock can currently be purchased for approximately $20.99.

How much money does Tanger Factory Outlet Centers make?

Tanger Factory Outlet Centers (NYSE:SKT) has a market capitalization of $2.21 billion and generates $442.69 million in revenue each year. The real estate investment trust earns $82.06 million in net income (profit) each year or $0.79 on an earnings per share basis.

How many employees does Tanger Factory Outlet Centers have?

The company employs 310 workers across the globe.

How can I contact Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers' mailing address is 3200 NORTHLINE AVENUE SUITE 360, GREENSBORO NC, 27408. The official website for the company is www.tangeroutlet.com. The real estate investment trust can be reached via phone at (336) 292-3010, via email at tangerir@tangeroutlet.com, or via fax at 336-852-2096.

This page (NYSE:SKT) was last updated on 6/3/2023 by MarketBeat.com Staff

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