NYSE:SKT - Tanger Factory Outlet Centers Stock Price, News, & Analysis

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$24.38 +0.30 (+1.25 %)
(As of 08/19/2018 02:15 AM ET)
Previous Close$24.38
Today's Range$24.02 - $24.40
52-Week Range$19.86 - $26.73
Volume794,574 shs
Average Volume1.53 million shs
Market Capitalization$2.22 billion
P/E Ratio9.91
Dividend Yield5.87%
Beta0.55
Tanger Factory Outlet Centers logoTanger Factory Outlet Centers, Inc. (NYSE:SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that operates and owns, or has an ownership interest in, a portfolio of 44 upscale outlet shopping centers. Tanger's operating properties are located in 22 states coast to coast and in Canada, totaling approximately 15.3 million square feet leased to over 3,100 stores operated by more than 510 different brand name companies. The Company has more than 37 years of experience in the outlet industry. Tanger Outlet Centers continue to attract more than 189 million shoppers annually.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
SymbolNYSE:SKT
CUSIP87546510
Phone336-292-3010

Debt

Debt-to-Equity Ratio3.07
Current Ratio0.07
Quick Ratio0.07

Price-To-Earnings

Trailing P/E Ratio9.91
Forward P/E Ratio10.03
P/E Growth1.88

Sales & Book Value

Annual Sales$488.23 million
Price / Sales4.69
Cash Flow$2.1944 per share
Price / Cash11.11
Book Value$6.48 per share
Price / Book3.76

Profitability

EPS (Most Recent Fiscal Year)$2.46
Net Income$68 million
Net Margins12.60%
Return on Equity10.34%
Return on Assets2.45%

Miscellaneous

Employees640
Outstanding Shares93,910,000
Market Cap$2.22 billion

Tanger Factory Outlet Centers (NYSE:SKT) Frequently Asked Questions

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."

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 Thursday, July 12th. Investors of record on Tuesday, July 31st will be paid a dividend of $0.35 per share on Wednesday, August 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date is Monday, July 30th. View Tanger Factory Outlet Centers' Dividend History.

How will Tanger Factory Outlet Centers' stock buyback program work?

Tanger Factory Outlet Centers declared that its board has authorized a stock buyback program on Sunday, June 4th 2017, which permits the company to buyback $125,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 54% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

How were Tanger Factory Outlet Centers' earnings last quarter?

Tanger Factory Outlet Centers Inc. (NYSE:SKT) announced its quarterly earnings results on Tuesday, July, 31st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.59 by $0.35. The real estate investment trust earned $117.08 million during the quarter, compared to analyst estimates of $116.92 million. Tanger Factory Outlet Centers had a return on equity of 10.34% and a net margin of 12.60%. View Tanger Factory Outlet Centers' Earnings History.

When is Tanger Factory Outlet Centers' next earnings date?

Tanger Factory Outlet Centers is scheduled to release their next quarterly earnings announcement on Tuesday, November, 6th 2018. View Earnings Estimates for Tanger Factory Outlet Centers.

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

Tanger Factory Outlet Centers updated its FY18 earnings guidance on Tuesday, July, 31st. The company provided EPS guidance of $2.40 to $2.46 for the period, compared to the Thomson Reuters consensus estimate of $2.42.

What price target have analysts set for SKT?

6 brokerages have issued 12-month price objectives for Tanger Factory Outlet Centers' stock. Their predictions range from $19.00 to $24.00. On average, they expect Tanger Factory Outlet Centers' share price to reach $21.8333 in the next twelve months. This suggests that the stock has a possible downside of 10.4%. View Analyst Price Targets for Tanger Factory Outlet Centers.

What is the consensus analysts' recommendation for Tanger Factory Outlet Centers?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last year. There are currently 2 sell ratings and 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Tanger Factory Outlet Centers.

What are Wall Street analysts saying about Tanger Factory Outlet Centers stock?

Here are some recent quotes from research analysts about Tanger Factory Outlet Centers stock:
  • 1. According to Zacks Investment Research, "Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust which focuses exclusively on developing, acquiring, owning and operating factory outlet centers. Since entering the factory outlet center business, they have become one of the largest owners and operators of factory outlet centers in the United States. " (5/8/2018)
  • 2. Boenning Scattergood analysts commented, "We continue to rate SKT Neutral as the company has a solid balance sheet, but the lack of underlying growth and development will result in poor earnings momentum during 2018." (2/15/2018)

Who are some of Tanger Factory Outlet Centers' key competitors?

Who are Tanger Factory Outlet Centers' key executives?

Tanger Factory Outlet Centers' management team includes the folowing people:
  • Mr. Steven B. Tanger, CEO & Director (Age 69)
  • Mr. Thomas E. McDonough, Pres & COO (Age 60)
  • Mr. James F. Williams CPA, Exec. VP & CFO (Age 53)
  • Mr. Chad D. Perry, Exec. VP, Gen. Counsel & Sec. (Age 46)
  • Ms. Lisa J. Morrison, Exec. VP of Leasing (Age 58)

Has Tanger Factory Outlet Centers been receiving favorable news coverage?

News coverage about SKT stock has trended positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tanger Factory Outlet Centers earned a media and rumor sentiment score of 0.42 on Accern's scale. They also assigned news articles about the real estate investment trust an impact score of 47.67 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term. View Recent Headlines for Tanger Factory Outlet Centers.

Who are Tanger Factory Outlet Centers' major shareholders?

Tanger Factory Outlet Centers' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.47%), Bank of New York Mellon Corp (1.86%), AEW Capital Management L P (1.63%), Dimensional Fund Advisors LP (1.62%), Schwab Charles Investment Management Inc. (1.44%) and First Manhattan Co. (0.95%). Company insiders that own Tanger Factory Outlet Centers stock include Allan L Schuman, Carrie A Geldner, Carrie A Warren, Chad Perry, Charles Allen Worsham, Jeffrey B Citrin, Lisa J Morrison, Thomas E Mcdonough, Thomas Joseph Guerrieri Jr and Virginia R Summerell. View Institutional Ownership Trends for Tanger Factory Outlet Centers.

Which institutional investors are selling Tanger Factory Outlet Centers stock?

SKT stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, AEW Capital Management L P, First Manhattan Co., State Board of Administration of Florida Retirement System, Russell Investments Group Ltd., Wedge Capital Management L L P NC, Advisors Asset Management Inc. and Sei Investments Co.. Company insiders that have sold Tanger Factory Outlet Centers company stock in the last year include Carrie A Geldner, Carrie A Warren, Chad Perry, Charles Allen Worsham, Thomas E Mcdonough, Thomas Joseph Guerrieri Jr and Virginia R Summerell. View Insider Buying and Selling for Tanger Factory Outlet Centers.

Which institutional investors are buying Tanger Factory Outlet Centers stock?

SKT stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., American Century Companies Inc., Schwab Charles Investment Management Inc., Aviance Capital Management LLC, Bank of New York Mellon Corp, Virginia Retirement Systems ET AL, Chicago Equity Partners LLC and Wells Fargo & Company MN. View Insider Buying and Selling for Tanger Factory Outlet Centers.

How do I buy shares of Tanger Factory Outlet Centers?

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

What is Tanger Factory Outlet Centers' stock price today?

One share of SKT stock can currently be purchased for approximately $24.38.

How big of a company is Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers has a market capitalization of $2.22 billion and generates $488.23 million in revenue each year. The real estate investment trust earns $68 million in net income (profit) each year or $2.46 on an earnings per share basis. Tanger Factory Outlet Centers employs 640 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 real estate investment trust can be reached via phone at 336-292-3010 or via email at [email protected]


MarketBeat Community Rating for Tanger Factory Outlet Centers (NYSE SKT)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  277 (Vote Outperform)
Underperform Votes:  351 (Vote Underperform)
Total Votes:  628
MarketBeat's community ratings are surveys of what our community members think about Tanger Factory Outlet Centers and other stocks. Vote "Outperform" if you believe SKT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SKT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/19/2018 by MarketBeat.com Staff

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