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Tanger (SKT)
NYSE:SKT
Holding SKT?
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SKT Stock Chart & Stats
Day’s Range― - ―
52-Week Range$25.67 - $37.57
Previous CloseN/A
Volume212.94K
Average Volume (3M)715.64K
Market Cap
$3.63B
Enterprise Value$5.20B
Total Cash (Recent Filing)$12.22M
Total Debt (Recent Filing)$1.63B
Price to Earnings (P/E)37.9
Beta0.95
Next Earnings
Feb 19, 2025EPS Estimate
0.2Last Dividend Ex-Date
Jan 31, 2025Dividend Yield3.31%
Share Statistics
EPS (TTM)0.86
Shares Outstanding110,692,570
10 Day Avg. Volume675,217
30 Day Avg. Volume715,643
Standard Deviation0.17
R-Squared0.35
Alpha0.01
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)7.08
Price to Cash Flow (P/CF)13.90
P/FCF Ratio22.80
Enterprise Value/Market Cap1.43
Enterprise Value/Revenue10.25
Enterprise Value/Gross Profit16.30
Enterprise Value/Ebitda19.11
Forecast
1Y Price Target
$37.00Price Target Upside11.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
Tanger News
PremiumCompany Announcements
Tanger Factory Outlet Centers Reports Strong Q3 2024 Results
Bulls Say, Bears Say
Bulls Say
Financial StrategySKT's strategy of driving increased traffic through a reinvigorated tenancy and expansion into adjacent open-air centers is seen positively.
Growth PotentialRaising the target price from $34 to $41 reflects a +15% premium to NAV, indicating positive market conditions and growth potential.
Market TrendsRecent pricing on retail deals and narrowing debt spreads contribute to a larger premium, suggesting favorable market trends.
Bears Say
Lease TermsSKT's lease terms are shorter than those of traditional retail with a significant percentage of ABR turnover expected.
Market DemographicsSKT outlets are largely in secondary/tertiary markets, with lower demographics.
Tenant PerformanceTop tenants/brands aren't particularly vibrant with foot traffic underperforming peers as per Placer data.
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Ownership Overview
2.28% Insiders
26.26% Mutual Funds
0.37% Other Institutional Investors
39.54% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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SKT FAQ
What was Tanger’s price range in the past 12 months?
Tanger lowest stock price was $25.67 and its highest was $37.57 in the past 12 months.
What is Tanger’s market cap?
Tanger’s market cap is $3.63B.
When is Tanger’s upcoming earnings report date?
Tanger’s upcoming earnings report date is Feb 19, 2025 which is in 19 days.
How were Tanger’s earnings last quarter?
Tanger released its earnings results on Nov 06, 2024. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.207 by $0.013.
Is Tanger overvalued?
According to Wall Street analysts Tanger’s price is currently Undervalued.
Does Tanger pay dividends?
Tanger pays a Quarterly dividend of $1.084 which represents an annual dividend yield of 3.31%. See more information on Tanger dividends here
What is Tanger’s EPS estimate?
Tanger’s EPS estimate is 0.2.
How many shares outstanding does Tanger have?
Tanger has 110,692,570 shares outstanding.
What happened to Tanger’s price movement after its last earnings report?
Tanger reported an EPS of $0.22 in its last earnings report, beating expectations of $0.207. Following the earnings report the stock price went up 4.882%.
Which hedge fund is a major shareholder of Tanger?
Currently, no hedge funds are holding shares in SKT
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Tanger Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$37.00 (11.11% Upside)
$37.00 (11.11% Upside)
Blogger Sentiment
Bullish
SKT Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 556.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $108.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 6.1%
Last 30 Days ▼ 6.8%
Last 30 Days ▼ 6.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
22.90%
12-Months-Change
Fundamentals
Return on Equity
17.92%
Trailing 12-Months
Asset Growth
3.17%
Trailing 12-Months
Company Description
Tanger
Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust. It focuses on developing, acquiring, owning, operating and managing outlet shopping centers. The company was founded by Stanley K. Tanger in 1981 and is headquartered in Greensboro, NC.
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SKT Company Deck
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SKT Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call demonstrates strong financial performance with increased guidance and positive leasing activity, though there were challenges related to natural disasters and strategic retenanting. The overall sentiment is positive due to the outweighing highlights.Read More>---
SKT Stock 12 Month Forecast
Average Price Target
$37.00
▲(11.11% Upside)
Technical Analysis
Kimco Realty
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Macerich
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Regency Centers
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Simon Property
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CBL & Associates Properties
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Best Analysts Covering SKT
1 Year
1 Year Success Rate
4/8 ratings generated profit
1 Year Average Return
+10.66%
reiterated a buy rating 3 months ago
Copying Floris van Dijkum's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +10.66% per trade.
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