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NYSE:SKT

Tanger (SKT) Stock Price, News & Analysis

$28.78
-0.35 (-1.20%)
(As of 02/23/2024 ET)
Today's Range
$28.56
$29.11
50-Day Range
$25.82
$29.13
52-Week Range
$17.22
$29.39
Volume
605,329 shs
Average Volume
805,104 shs
Market Capitalization
$3.03 billion
P/E Ratio
31.28
Dividend Yield
3.61%
Price Target
$25.50

Tanger MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
11.4% Downside
$25.50 Price Target
Short Interest
Healthy
4.14% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.69
Upright™ Environmental Score
News Sentiment
0.62mentions of Tanger in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$1.64 M Sold Last Quarter
Proj. Earnings Growth
2.44%
From $2.05 to $2.10 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.

3.36 out of 5 stars

Finance Sector

461st out of 853 stocks

Real Estate Investment Trusts Industry

105th out of 180 stocks


SKT stock logo

About Tanger Stock (NYSE:SKT)

Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading operator of upscale open-air outlet centers, fully or partially owns and/or manages a portfolio of 37 centers, including the newly opened Tanger Outlets Nashville. Tanger's operating centers, which comprise over 14 million square feet, are located in 20 states and in Canada and are leased to over 2,900 stores operated by more than 700 different brand name companies. Tanger has more than 42 years of experience in the outlet industry and has been a publicly traded REIT since 1993. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission ("SEC") that includes a supplemental information package for the quarter ended September 30, 2023.

SKT Stock Price History

SKT Stock News Headlines

SKT Jun 2024 22.000 call
KeyBanc Sticks to Their Hold Rating for Tanger Factory (SKT)
Free Stock Analysis Report: See The True Value of Any Stock
Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation.
O Apr 2024 50.000 put
Brokerages Set Tanger Inc. (NYSE:SKT) PT at $24.67
Free Stock Analysis Report: See The True Value of Any Stock
Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation.
Tanger Factory declares $0.26 dividend
Tanger Declares Dividend Payable February 15, 2024
Tanger Inc SKT
JP Morgan Upgrades Tanger (SKT)
Tanger pays $194M to acquire Alabama shopping center
See More Headlines
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Company Calendar

Last Earnings
8/08/2022
Ex-Dividend for 2/15 Dividend
1/30/2024
Dividend Payable
2/15/2024
Today
2/23/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
CUSIP
87546510
Employees
341
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$25.50
High Stock Price Target
$29.00
Low Stock Price Target
$20.00
Potential Upside/Downside
-12.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 Analysts

Profitability

Net Income
$99.15 million
Pretax Margin
20.59%

Debt

Sales & Book Value

Annual Sales
$464.41 million
Cash Flow
$1.96 per share
Book Value
$5.61 per share

Miscellaneous

Free Float
103,035,000
Market Cap
$3.05 billion
Optionable
Optionable
Beta
1.83
12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

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Key Executives

  • Mr. Stephen J. Yalof (Age 61)
    President, CEO & Director
    Comp: $2.48M
  • Mr. Michael Jason Bilerman (Age 49)
    Executive VP, CFO & Chief Investment Officer
    Comp: $1.05M
  • Ms. Leslie A. Swanson Gallardo (Age 53)
    Executive VP & COO
    Comp: $910.21k
  • 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
  • Ms. Virginie Julie Schena
    Senior Vice President of People & Culture
  • Brian A. Auger
    Senior Vice President of Legal
  • Joshua D. Cox
    Senior Vice President of Tax
  • Craig Wise
    Senior Vice President of Digital Strategy
  • Mr. Steve M. Dworkin
    Senior Vice President of Real Estate














SKT Stock Analysis - Frequently Asked Questions

Should I buy or sell Tanger stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tanger in the last year. There are currently 1 sell rating, 4 hold ratings and 1 buy rating 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?

6 brokers have issued 12 month price objectives for Tanger's shares. Their SKT share price targets range from $20.00 to $29.00. On average, they expect the company's share price to reach $25.50 in the next year. This suggests that the stock has a possible downside of 11.4%.
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 at the beginning of 2024. Since then, SKT stock has increased by 3.8% and is now trading at $28.78.
View the best growth stocks for 2024 here
.

Are investors shorting Tanger?

Tanger saw a decline in short interest in January. As of January 31st, there was short interest totaling 4,360,000 shares, a decline of 10.1% from the January 15th total of 4,850,000 shares. Based on an average daily volume of 922,300 shares, the days-to-cover ratio is currently 4.7 days.
View Tanger's Short Interest
.

When is Tanger's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our SKT earnings forecast
.

How were Tanger's earnings last quarter?

Tanger Inc. (NYSE:SKT) issued its quarterly earnings data on Monday, August, 8th. The real estate investment trust reported $0.19 earnings per share 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 the consensus estimate of $104.45 million. Tanger had a net margin of 21.19% and a trailing twelve-month return on equity of 18.59%. Tanger's revenue for the quarter was up 4.5% compared to the same quarter last year. 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 declared a quarterly dividend on Wednesday, January 17th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.26 per share on Thursday, February 15th. This represents a $1.04 annualized dividend and a yield of 3.61%. The ex-dividend date is Tuesday, January 30th.
Read our dividend analysis for SKT
.

Is Tanger a good dividend stock?

Tanger (NYSE:SKT) pays an annual dividend of $1.04 per share and currently has a dividend yield of 3.58%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 113.04%. 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 49.52% 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 issued an update on its FY 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share guidance of 2.020-2.100 for the period, compared to the consensus EPS estimate of 2.030. 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (15.99%), Charles Schwab Investment Management Inc. (1.88%), Waterfront Capital Partners LLC (1.46%), Dimensional Fund Advisors LP (1.41%), LSV Asset Management (1.32%) and GRS Advisors LLC (1.27%). 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 2/23/2024 by MarketBeat.com Staff