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

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$22.04 +0.23 (+1.05 %)
(As of 01/15/2019 04:00 PM ET)
Previous Close$21.81
Today's Range$21.83 - $22.2250
52-Week Range$19.76 - $26.16
Volume763,026 shs
Average Volume1.05 million shs
Market Capitalization$2.07 billion
P/E Ratio8.96
Dividend Yield6.36%
Beta0.64
Tanger 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 530 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. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission that includes a supplemental information package for the quarter ended September 30, 2018.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
CUSIP87546510
Phone336-292-3010

Debt

Current Ratio0.06
Quick Ratio0.06

Price-To-Earnings

Sales & Book Value

Annual Sales$488.23 million
Price / Sales4.24
Cash Flow$2.1295 per share
Price / Cash Flow10.35
Book Value$6.48 per share
Price / Book3.40

Profitability

Net Income$68 million
Net Margins11.16%
Return on Assets2.22%

Miscellaneous

Employees640
Market Cap$2.07 billion
OptionableOptionable

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, January 10th. Stockholders of record on Thursday, January 31st will be paid a dividend of $0.35 per share on Friday, February 15th. This represents a $1.40 annualized dividend and a dividend yield of 6.35%. The ex-dividend date of this dividend is Wednesday, January 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 of Directors has approved a share repurchase program on Sunday, June 4th 2017, which authorizes the company to buyback $125,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 54% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.

How were Tanger Factory Outlet Centers' earnings last quarter?

Tanger Factory Outlet Centers Inc. (NYSE:SKT) announced its quarterly earnings results on Thursday, November, 1st. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. The real estate investment trust earned $124.24 million during the quarter, compared to analysts' expectations of $119.47 million. Tanger Factory Outlet Centers had a return on equity of 9.57% and a net margin of 11.16%. The business's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 earnings per share. 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 Wednesday, February 13th 2019. View Earnings Estimates for Tanger Factory Outlet Centers.

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

Tanger Factory Outlet Centers will be holding an earnings conference call on Thursday, February 14th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8772775113.

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

Tanger Factory Outlet Centers updated its FY18 earnings guidance on Thursday, November, 1st. The company provided EPS guidance of $2.42-2.46 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.43.

What price target have analysts set for SKT?

6 brokerages have issued 12 month price targets for Tanger Factory Outlet Centers' stock. Their forecasts range from $19.00 to $22.50. On average, they expect Tanger Factory Outlet Centers' stock price to reach $21.1667 in the next twelve months. This suggests that the stock has a possible downside of 4.0%. 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 4 sell ratings and 2 hold ratings for the stock, resulting in a consensus recommendation of "Sell." 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. " (12/22/2018)
  • 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)

Has Tanger Factory Outlet Centers been receiving favorable news coverage?

Media headlines about SKT stock have trended somewhat positive this week, InfoTrie reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Tanger Factory Outlet Centers earned a coverage optimism score of 1.9 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days.

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 70)
  • Mr. Thomas E. McDonough, Pres & COO (Age 61)
  • Mr. James F. Williams CPA, Exec. VP & CFO (Age 54)
  • Mr. Chad D. Perry, Exec. VP, Gen. Counsel & Sec. (Age 47)
  • Ms. Lisa J. Morrison, Exec. VP of Leasing (Age 59)

Who are Tanger Factory Outlet Centers' major shareholders?

Tanger Factory Outlet Centers' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Northstar Investment Advisors LLC (0.40%), State of Alaska Department of Revenue (0.03%) and Louisiana State Employees Retirement System (0.03%). Company insiders that own Tanger Factory Outlet Centers stock include Allan L Schuman, Carrie A Geldner, Carrie A Warren, Chad Perry, Charles Allen Worsham, Lisa J Morrison, Thomas E Mcdonough, Thomas Joseph Guerrieri Jr and Virginia R Summerell. View Institutional Ownership Trends for Tanger Factory Outlet Centers.

Which major investors are selling Tanger Factory Outlet Centers stock?

SKT stock was sold by a variety of institutional investors in the last quarter, including Northstar Investment Advisors LLC and Louisiana State Employees Retirement System. Company insiders that have sold Tanger Factory Outlet Centers company stock in the last year include Carrie A Warren, Chad Perry, Charles Allen Worsham, Lisa J Morrison, Thomas E Mcdonough, Thomas Joseph Guerrieri Jr and Virginia R Summerell. View Insider Buying and Selling for Tanger Factory Outlet Centers.

Which major investors are buying Tanger Factory Outlet Centers stock?

SKT stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. 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 $22.04.

How big of a company is Tanger Factory Outlet Centers?

Tanger Factory Outlet Centers has a market capitalization of $2.07 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.

What is Tanger Factory Outlet Centers' official website?

The official website for Tanger Factory Outlet Centers is http://www.tangeroutlet.com.

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:  300 (Vote Outperform)
Underperform Votes:  381 (Vote Underperform)
Total Votes:  681
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 1/15/2019 by MarketBeat.com Staff

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