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NYSE:SKT

Tanger (SKT) Stock Price, News & Analysis

Tanger logo
$33.25
-0.72 (-2.12%)
(As of 10/31/2024 ET)

About Tanger Stock (NYSE:SKT)

Key Stats

Today's Range
$33.20
$33.83
50-Day Range
$28.78
$34.71
52-Week Range
$21.51
$34.81
Volume
793,424 shs
Average Volume
728,232 shs
Market Capitalization
$3.64 billion
P/E Ratio
36.94
Dividend Yield
3.31%
Price Target
$32.33
Consensus Rating
Moderate Buy

Company Overview

Tanger 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.

Tanger Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
62nd Percentile Overall Score

SKT 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.

  • Consensus Rating

    Tanger 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 Coverage

    Tanger 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 Growth

    Earnings 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 Market

    The 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. Sector

    The 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 Ratio

    Tanger has a PEG Ratio of 2.86. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Tanger 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.
  • Percentage of Shares Shorted

    3.93% of the outstanding shares of Tanger have been sold short.
  • Short Interest Ratio / Days to Cover

    Tanger has a short interest ratio ("days to cover") of 6.3.
  • Change versus previous month

    Short interest in Tanger has recently decreased by 1.60%, indicating that investor sentiment is improving.
  • Dividend Yield

    Tanger pays a meaningful dividend of 3.27%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Tanger does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Tanger is 122.22%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based 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.
  • Percentage of Shares Shorted

    3.93% of the outstanding shares of Tanger have been sold short.
  • Short Interest Ratio / Days to Cover

    Tanger has a short interest ratio ("days to cover") of 6.3.
  • Change versus previous month

    Short interest in Tanger has recently decreased by 1.60%, indicating that investor sentiment is improving.
  • News Sentiment

    Tanger 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 Week

    MarketBeat has tracked 8 news articles for Tanger this week, compared to 4 articles on an average week.
  • Search Interest

    Only 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 Follows

    1 people have added Tanger to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Tanger insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 5.80% of the stock of Tanger is held by insiders.

  • Percentage Held by Institutions

    85.23% 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.
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SKT Stock News Headlines

Tanger (SKT) Scheduled to Post Earnings on Wednesday
Tanger (NYSE:SKT) Price Target Raised to $36.00 at Compass Point
Banking failure dead ahead
If you missed it, my emergency election broadcast is now available - but will be removed soon
Compass Point Remains a Buy on Tanger (SKT)
Tanger Factory price target raised to $36 from $34 at Compass Point
See More Headlines

SKT Stock Analysis - Frequently Asked Questions

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
.

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.

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
.

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.

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 Earnings
8/08/2022
Ex-Dividend for 8/15 Dividend
7/31/2024
Dividend Payable
8/15/2024
Today
10/31/2024
Ex-Dividend for 11/15 Dividend
10/31/2024
Next Earnings (Confirmed)
11/06/2024
Dividend Payable
11/15/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
CUSIP
87546510
Employees
364
Year Founded
N/A

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$99.15 million
Pretax Margin
18.68%

Debt

Sales & Book Value

Annual Sales
$464.41 million
Cash Flow
$1.95 per share
Book Value
$5.44 per share

Miscellaneous

Free Float
103,011,000
Market Cap
$3.70 billion
Optionable
Optionable
Beta
1.89

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This page (NYSE:SKT) was last updated on 10/31/2024 by MarketBeat.com Staff
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