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NYSE:SKT

Tanger (SKT) Stock Price, News & Analysis

$26.55
-0.26 (-0.97%)
(As of 06/21/2024 ET)
Today's Range
$26.38
$27.00
50-Day Range
$26.47
$28.91
52-Week Range
$20.34
$29.98
Volume
1.54 million shs
Average Volume
571,997 shs
Market Capitalization
$2.90 billion
P/E Ratio
29.18
Dividend Yield
4.14%
Price Target
$29.57

Tanger MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
11.4% Upside
$29.57 Price Target
Short Interest
Bearish
3.77% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.69
Upright™ Environmental Score
News Sentiment
0.76mentions of Tanger in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.37%
From $2.06 to $2.15 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.03 out of 5 stars

Finance Sector

479th out of 833 stocks

Real Estate Investment Trusts Industry

90th out of 172 stocks

SKT stock logo

About Tanger Stock (NYSE:SKT)

Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 700 different brand name companies. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission ("SEC") that includes a supplemental information package for the quarter and year ended December 31, 2023.

SKT Stock Price History

SKT Stock News Headlines

Gold Set to EXPLODE!
The perfect storm is brewing to drive gold's price through the roof! And our weakening dollars are causing demand from Central Banks and billionaires to EXPLODE! The elites are buying up gold like nothing we've seen before…
Tanger Expands Partnership with Sephora
$5k to $1.3m in just 3 trades
It doesn’t happen often, but occasionally, something completely unique comes across my radar. In this case, I’m talking about legal “Insider Trading”. Traders who have consistently signaled 453% … 610% .. and even 1036%... gains. And until now they have been doing it completely under the radar. In an upcoming interview I am revealing the strategy behind this gold-mine and how you can piggy back their every trade.
Scotiabank Upgrades Tanger (SKT)
Decoding 7 Analyst Evaluations For Tanger
Q1 2024 Tanger Inc Earnings Call Transcript
Scotiabank Reaffirms Their Sell Rating on Tanger Factory (SKT)
In-Depth Examination Of 5 Analyst Recommendations For Tanger
Here's what to expect from Tanger Factory Outlet Centers's earnings
See More Headlines
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Company Calendar

Last Earnings
8/08/2022
Ex-Dividend for 5/15 Dividend
4/29/2024
Dividend Payable
5/15/2024
Today
6/23/2024
Next Earnings (Confirmed)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
CUSIP
87546510
Employees
364
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$29.57
High Stock Price Target
$33.00
Low Stock Price Target
$26.00
Potential Upside/Downside
+11.4%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$99.15 million
Pretax Margin
19.53%

Debt

Sales & Book Value

Annual Sales
$464.41 million
Cash Flow
$1.92 per share
Book Value
$5.44 per share

Miscellaneous

Free Float
103,011,000
Market Cap
$2.90 billion
Optionable
Optionable
Beta
1.85
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Key Executives

  • Mr. Stephen J. Yalof (Age 61)
    President, CEO & Director
    Comp: $2.6M
  • Mr. Michael Jason Bilerman (Age 49)
    Executive VP, CFO & Chief Investment Officer
    Comp: $1.35M
  • Ms. Leslie A. Swanson Gallardo (Age 53)
    Executive VP & COO
    Comp: $496.65k
  • Mr. Thomas J. Guerrieri Jr. (Age 51)
    Senior VP & Chief Accounting Officer
    Comp: $471.93k
  • Ms. Jessica K. Norman (Age 42)
    Executive VP, General Counsel & Secretary
  • Regina Campbell
    Senior Vice President of Marketing
  • Christi Downes
    Senior Vice President of People, Culture & Diversity
  • Brian A. Auger
    Senior Vice President of Legal & Corporate Counsel
  • Joshua D. Cox
    Senior Vice President of Tax
  • Craig Wise
    Senior Vice President of Digital Strategy

SKT Stock Analysis - Frequently Asked Questions

Should I buy or sell Tanger stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tanger in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SKT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SKT, but not buy additional shares or sell existing shares.
View SKT analyst ratings
or view top-rated stocks.

What is Tanger's stock price target for 2024?

7 analysts have issued 1-year target prices for Tanger's shares. Their SKT share price targets range from $26.00 to $33.00. On average, they expect the company's share price to reach $29.57 in the next year. This suggests a possible upside of 11.4% 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 2024?

Tanger's stock was trading at $27.72 on January 1st, 2024. Since then, SKT shares have decreased by 4.2% and is now trading at $26.55.
View the best growth stocks for 2024 here
.

When is Tanger's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our SKT earnings forecast
.

How can I listen to Tanger's earnings call?

Tanger will be holding an earnings conference call on Friday, August 2nd 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 "13746825".

How were Tanger's earnings last quarter?

Tanger Inc. (NYSE:SKT) announced its quarterly earnings data on Monday, August, 8th. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.42 by $0.23. The real estate investment trust had revenue of $105.84 million for the quarter, compared to analyst estimates of $104.45 million. Tanger had a net margin of 20.27% and a trailing twelve-month return on equity of 17.72%. The firm's revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share.

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

Tanger announced a quarterly dividend on Wednesday, April 10th. Investors of record on Tuesday, April 30th will be given a dividend of $0.275 per share on Wednesday, May 15th. This represents a $1.10 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Monday, April 29th. This is an increase from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for SKT
.

Is Tanger a good dividend stock?

Tanger (NYSE:SKT) pays an annual dividend of $1.10 per share and currently has a dividend yield of 4.10%. SKT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 120.88%. 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 51.16% 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 issued on next quarter's earnings?

Tanger updated its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided earnings per share guidance of 2.030-2.110 for the period, compared to the consensus EPS estimate of 2.070. The company issued revenue guidance of -.

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

19 employees have rated Tanger 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 own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tanger 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).

Who are Tanger's major shareholders?

Tanger's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (15.96%), LSV Asset Management (0.84%), Principal Financial Group Inc. (0.56%), O Keefe Stevens Advisory Inc. (0.35%), BROOKFIELD Corp ON (0.32%) and Portman Square Capital LLP (0.00%). Insiders that own company stock include Carrie A Warren, Chad Perry, Steven B Tanger, Susan E Skerritt, Thomas Joseph Guerrieri Jr and Thomas Reddin.
View institutional ownership trends
.

How do I buy shares of Tanger?

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

This page (NYSE:SKT) was last updated on 6/23/2024 by MarketBeat.com Staff

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