NYSE:SKT Tanger (SKT) Stock Price, News & Analysis $33.25 -0.72 (-2.12%) (As of 10/31/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Tanger Stock (NYSE:SKT) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Tanger alerts:Sign Up Key Stats Today's Range$33.20▼$33.8350-Day Range$28.78▼$34.7152-Week Range$21.51▼$34.81Volume793,424 shsAverage Volume728,232 shsMarket Capitalization$3.64 billionP/E Ratio36.94Dividend Yield3.31%Price Target$32.33Consensus RatingModerate Buy Company OverviewTanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 700 different brand name companies. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission ("SEC") that includes a supplemental information package for the quarter and year ended December 31, 2023.Read More… Ex WH Advisor Who Predicted Biden Leaving Race Makes Startling New Prediction (Ad)Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.Click here to see it because it’s a SHOCKER… Tanger Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks62nd Percentile Overall ScoreSKT MarketRank™: Tanger scored higher than 62% of companies evaluated by MarketBeat, and ranked 534th out of 942 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion1.3 / 5Analyst RatingModerate Buy Consensus RatingTanger has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageTanger has only been the subject of 4 research reports in the past 90 days.Read more about Tanger's stock forecast and price target. Earnings and Valuation1.9 / 5Proj. Earnings Growth4.76% Earnings GrowthEarnings for Tanger are expected to grow by 4.76% in the coming year, from $2.10 to $2.20 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tanger is 36.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.66.Price to Earnings Ratio vs. SectorThe P/E ratio of Tanger is 36.94, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.69.Price to Earnings Growth RatioTanger has a PEG Ratio of 2.86. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTanger has a P/B Ratio of 6.11. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Tanger's valuation and earnings. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted3.93% of the outstanding shares of Tanger have been sold short.Short Interest Ratio / Days to CoverTanger has a short interest ratio ("days to cover") of 6.3.Change versus previous monthShort interest in Tanger has recently decreased by 1.60%, indicating that investor sentiment is improving. Dividend1.7 / 5Dividend StrengthWeak Dividend YieldTanger pays a meaningful dividend of 3.27%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTanger does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Tanger is 122.22%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Tanger will have a dividend payout ratio of 50.00% next year. This indicates that Tanger will be able to sustain or increase its dividend.Read more about Tanger's dividend. Sustainability and ESG0.6 / 5Environmental Score-3.69 Percentage of Shares Shorted3.93% of the outstanding shares of Tanger have been sold short.Short Interest Ratio / Days to CoverTanger has a short interest ratio ("days to cover") of 6.3.Change versus previous monthShort interest in Tanger has recently decreased by 1.60%, indicating that investor sentiment is improving. News and Social Media2.5 / 5News Sentiment0.56 News SentimentTanger has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Tanger this week, compared to 4 articles on an average week.Search InterestOnly 1 people have searched for SKT on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows1 people have added Tanger to their MarketBeat watchlist in the last 30 days. Company Ownership1.7 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Tanger insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 5.80% of the stock of Tanger is held by insiders.Percentage Held by Institutions85.23% of the stock of Tanger is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Tanger's insider trading history. Receive SKT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tanger and its competitors with MarketBeat's FREE daily newsletter. Email Address SKT Stock News HeadlinesTanger (SKT) Scheduled to Post Earnings on WednesdayOctober 30 at 1:06 AM | americanbankingnews.comTanger (NYSE:SKT) Price Target Raised to $36.00 at Compass PointOctober 28 at 5:19 AM | americanbankingnews.comBanking failure dead aheadIf you missed it, my emergency election broadcast is now available - but will be removed soonOctober 31, 2024 | Porter & Company (Ad)Compass Point Remains a Buy on Tanger (SKT)October 26, 2024 | markets.businessinsider.comTanger Factory price target raised to $36 from $34 at Compass PointOctober 26, 2024 | markets.businessinsider.comTanger Inc. (NYSE:SKT) Receives $32.00 Consensus PT from BrokeragesOctober 23, 2024 | americanbankingnews.comCracking The Code: Understanding Analyst Reviews For TangerOctober 11, 2024 | benzinga.comTanger Inc (SKT) Q2 2024 Earnings Call Highlights: Strong Financial Performance and Strategic ...October 11, 2024 | finance.yahoo.comSee More Headlines SKT Stock Analysis - Frequently Asked Questions How have SKT shares performed this year? Tanger's stock was trading at $27.72 at the beginning of the year. Since then, SKT shares have increased by 19.9% and is now trading at $33.25. View the best growth stocks for 2024 here. How were Tanger's earnings last quarter? Tanger Inc. (NYSE:SKT) 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 analysts' consensus estimates of $0.42 by $0.23. The business's revenue was up 4.5% on a year-over-year basis. Who are Tanger's major shareholders? Top institutional shareholders of Tanger include Principal Financial Group Inc. (0.52%), O Keefe Stevens Advisory Inc. (0.34%), Portman Square Capital LLP and Allspring Global Investments Holdings LLC (0.29%). Insiders that own company stock include Steven B Tanger, Thomas Joseph Guerrieri Jr, Thomas Reddin and Chad Perry. 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. What other stocks do shareholders of Tanger own? Based on aggregate information from My MarketBeat watchlists, some other companies that Tanger investors own include AT&T (T), NVIDIA (NVDA), Meta Platforms (META), AbbVie (ABBV), Exxon Mobil (XOM), Verizon Communications (VZ) and Delta Air Lines (DAL). Company Calendar Last Earnings8/08/2022Ex-Dividend for 8/15 Dividend7/31/2024Dividend Payable8/15/2024Today10/31/2024Ex-Dividend for 11/15 Dividend10/31/2024Next Earnings (Confirmed)11/06/2024Dividend Payable11/15/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryRetail REITs Current SymbolNYSE:SKT CUSIP87546510 CIK899715 Webwww.tangeroutlet.com Phone(336) 292-3010Fax336-852-2096Employees364Year FoundedN/APrice Target and Rating Average Stock Price Target$32.33 High Stock Price Target$36.00 Low Stock Price Target$29.00 Potential Upside/Downside-4.3%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$0.90 Trailing P/E Ratio37.56 Forward P/E Ratio16.10 P/E Growth2.86Net Income$99.15 million Net Margins19.65% Pretax Margin18.68% Return on Equity17.28% Return on Assets4.28% Debt Debt-to-Equity Ratio2.53 Current Ratio0.13 Quick Ratio0.13 Sales & Book Value Annual Sales$464.41 million Price / Sales7.96 Cash Flow$1.95 per share Price / Cash Flow17.34 Book Value$5.44 per share Price / Book6.21Miscellaneous Outstanding Shares109,350,000Free Float103,011,000Market Cap$3.70 billion OptionableOptionable Beta1.89 Social Links Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? 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