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NYSE:SKT

Tanger Factory Outlet Centers - SKT Stock Forecast, Price & News

$17.78
-0.19 (-1.06%)
(As of 08/17/2022 09:56 AM ET)
Add
Compare
Today's Range
$17.58
$17.80
50-Day Range
$13.94
$17.97
52-Week Range
$13.77
$22.51
Volume
1,533 shs
Average Volume
580,783 shs
Market Capitalization
$1.86 billion
P/E Ratio
45.59
Dividend Yield
4.55%
Price Target
$19.00

Tanger Factory Outlet Centers MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
5.7% Upside
$19.00 Price Target
Short Interest
Bearish
6.81% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.48
Upright™ Environmental Score
News Sentiment
0.29mentions of Tanger Factory Outlet Centers in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.71%
From $1.75 to $1.78 Per Share

Overall MarketRank

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

1.81 out of 5 stars

Finance Sector

772nd out of 924 stocks

Real Estate Investment Trusts Industry

154th out of 197 stocks

SKT stock logo

About Tanger Factory Outlet Centers (NYSE:SKT) Stock

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies. The Company has more than 39 years of experience in the outlet industry and is a publicly-traded REIT. 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, 2020.

Tanger Factory Outlet Centers Stock Performance

Tanger Factory Outlet Centers stock opened at $17.97 on Wednesday. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 2.72. The company has a market capitalization of $1.88 billion, a P/E ratio of 46.08, a PEG ratio of 1.25 and a beta of 1.79. The stock's 50 day moving average is $15.36 and its 200 day moving average is $16.45. Tanger Factory Outlet Centers has a twelve month low of $13.77 and a twelve month high of $22.51.

Tanger Factory Outlet Centers (NYSE:SKT - Get Rating) last released its quarterly earnings data on Monday, August 8th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.23). The business had revenue of $105.84 million during the quarter, compared to the consensus estimate of $104.45 million. Tanger Factory Outlet Centers had a net margin of 9.75% and a return on equity of 8.55%. The business's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. On average, equities research analysts predict that Tanger Factory Outlet Centers will post 1.75 earnings per share for the current fiscal year.

Tanger Factory Outlet Centers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 29th were given a $0.20 dividend. The ex-dividend date was Thursday, July 28th. This represents a $0.80 annualized dividend and a yield of 4.45%. Tanger Factory Outlet Centers's dividend payout ratio (DPR) is presently 205.13%.

Analysts Set New Price Targets

SKT has been the topic of a number of research analyst reports. Compass Point reduced their price target on Tanger Factory Outlet Centers from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, June 22nd. Evercore ISI boosted their price target on Tanger Factory Outlet Centers to $17.00 in a report on Monday.

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SKT Stock News Headlines

Buy Tanger Factory Outlet's Solid 5.5% Yield
Down 34%, This Retail Stock Is a Major Bargain
Tanger Factory Outlet Centers, Inc.
Tanger Factory Outlet ousts CFO James Williams
Tanger Outlets Nashville Breaks Ground
See More Headlines
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SKT Company Calendar

Ex-Dividend for 8/15 Dividend
7/28/2022
Last Earnings
8/08/2022
Dividend Payable
8/15/2022
Today
8/17/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
12/31/2022

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
$19.00
High Stock Price Forecast
$21.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
+6.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$9.12 million
Pretax Margin
8.14%

Debt

Sales & Book Value

Annual Sales
$426.52 million
Cash Flow
$1.19 per share
Book Value
$4.91 per share

Miscellaneous

Free Float
98,317,000
Market Cap
$1.86 billion
Optionable
Optionable
Beta
1.79

Key Executives

  • Mr. Steven B. Tanger (Age 73)
    Exec. Chair of the Board
    Comp: $2.3M
  • Mr. Stephen J. Yalof (Age 59)
    Pres, CEO & Director
    Comp: $2.58M
  • Ms. Leslie A. Swanson Gallardo (Age 51)
    Exec. VP & COO
    Comp: $778.59k
  • Mr. Chad D. Perry J.D. (Age 50)
    Exec. VP, Sec. & Gen. Counsel
    Comp: $1.05M
  • Mr. Thomas J. Guerrieri Jr. (Age 49)
    Sr. VP & Chief Accounting Officer
  • Ms. Virginie Julie Schena
    Sr. VP of People & Culture
  • Brian A. Auger
    Sr. VP of Legal
  • Joshua D. Cox
    Sr. VP of Tax
  • Ms. Cyndi M. Holt
    Sr. VP of Capital Markets
  • Mary E. Shifflette
    Sr. VP of Leasing













SKT Stock - Frequently Asked Questions

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

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tanger Factory Outlet Centers in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street 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 2022?

1 Wall Street analysts have issued 1-year price objectives for Tanger Factory Outlet Centers' stock. Their SKT share price forecasts range from $17.00 to $21.00. On average, they predict the company's stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 5.7% 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 2022?

Tanger Factory Outlet Centers' stock was trading at $19.28 on January 1st, 2022. Since then, SKT shares have decreased by 6.8% and is now trading at $17.97.
View the best growth stocks for 2022 here
.

When is Tanger Factory Outlet Centers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our SKT earnings forecast
.

How were Tanger Factory Outlet Centers' earnings last quarter?

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) released 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 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 8.55% and a net margin of 9.75%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm 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 declared a quarterly dividend on Friday, July 15th. Stockholders of record on Friday, July 29th will be given a dividend of $0.20 per share on Monday, August 15th. This represents a $0.80 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Thursday, July 28th.
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 $0.80 per share and currently has a dividend yield of 4.55%. SKT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 205.13%. 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 44.94% 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 issued an update on its FY 2022 earnings guidance on Tuesday, August, 16th. The company provided earnings per share guidance of $1.73-$1.79 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 shareholders include State Street Corp (6.02%), Northern Trust Corp (1.78%), FMR LLC (1.39%), Granite Investment Partners LLC (0.85%), Principal Financial Group Inc. (0.63%) and Royce & Associates LP (0.60%). Insiders that own company stock include Carrie A Warren, Chad Perry, Charles Allen Worsham, Steven B Tanger, Stewart Martin, Thomas Joseph Guerrieri Jr, Thomas Reddin and Virginia R Summerell.
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 $17.97.

How much money does Tanger Factory Outlet Centers make?

Tanger Factory Outlet Centers (NYSE:SKT) has a market capitalization of $1.88 billion and generates $426.52 million in revenue each year. The real estate investment trust earns $9.12 million in net income (profit) each year or $0.39 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 8/17/2022 by MarketBeat.com Staff

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