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NYSE:SKT

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

$17.58
-0.24 (-1.35%)
(As of 08/15/2022 03:38 PM ET)
Add
Compare
Today's Range
$17.57
$17.76
50-Day Range
$13.94
$17.82
52-Week Range
$13.77
$22.51
Volume
35,303 shs
Average Volume
993,925 shs
Market Capitalization
$1.83 billion
P/E Ratio
45.08
Dividend Yield
4.49%
Price Target
$21.00

Tanger Factory Outlet Centers MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
19.0% Upside
$21.00 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
0.07mentions of Tanger Factory Outlet Centers in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$180,000 Sold Last Quarter
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.

2.18 out of 5 stars

Finance Sector

588th out of 929 stocks

Real Estate Investment Trusts Industry

107th out of 195 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.

Analysts Set New Price Targets

Separately, Compass Point dropped their price objective on shares of Tanger Factory Outlet Centers from $23.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, June 22nd.

Tanger Factory Outlet Centers Price Performance

Shares of NYSE:SKT opened at $17.82 on Monday. The firm's 50 day moving average is $15.33 and its two-hundred day moving average is $16.44. Tanger Factory Outlet Centers has a 52 week low of $13.77 and a 52 week high of $22.51. The firm has a market capitalization of $1.86 billion, a P/E ratio of 45.69, a PEG ratio of 1.25 and a beta of 1.79. The company has a current ratio of 2.54, a quick ratio of 2.63 and a debt-to-equity ratio of 2.72.

Tanger Factory Outlet Centers (NYSE:SKT - Get Rating) last announced its quarterly earnings results on Monday, August 8th. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.23). Tanger Factory Outlet Centers had a net margin of 9.75% and a return on equity of 8.55%. The firm had revenue of $105.84 million during the quarter, compared to analyst estimates of $104.45 million. During the same quarter in the previous year, the business posted $0.43 EPS. Tanger Factory Outlet Centers's revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts anticipate that Tanger Factory Outlet Centers will post 1.75 earnings per share for the current year.

Tanger Factory Outlet Centers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 29th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $0.80 annualized dividend and a dividend yield of 4.49%. Tanger Factory Outlet Centers's payout ratio is currently 205.13%.

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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
Today
8/15/2022
Dividend Payable
8/15/2022
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
$21.00
High Stock Price Forecast
$21.00
Low Stock Price Forecast
$21.00
Forecasted Upside/Downside
+19.5%
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
$1.17 per share
Book Value
$4.80 per share

Miscellaneous

Free Float
98,317,000
Market Cap
$1.83 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 year. 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 research analysts have issued 1 year target prices for Tanger Factory Outlet Centers' shares. Their SKT share price forecasts range from $21.00 to $21.00. On average, they predict the company's stock price to reach $21.00 in the next twelve months. This suggests a possible upside of 19.5% 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 at the start of the year. Since then, SKT stock has decreased by 8.8% and is now trading at $17.58.
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 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 the consensus estimate 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 company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $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 paid a dividend of $0.20 per share on Monday, August 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.55%. 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 4.49%. 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, 9th. The company provided earnings per share (EPS) 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 investors include Northern Trust Corp (1.78%), FMR LLC (1.39%), Granite Investment Partners LLC (0.85%), Principal Financial Group Inc. (0.63%), Royce & Associates LP (0.60%) and UBS Asset Management Americas Inc. (0.46%). 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 $17.58.

How much money does Tanger Factory Outlet Centers make?

Tanger Factory Outlet Centers (NYSE:SKT) has a market capitalization of $1.83 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 8/15/2022 by MarketBeat.com Staff

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