SKT Stock 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. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 3/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
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Tanger Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$34.34 |
| 52 Week High | US$37.57 |
| 52 Week Low | US$25.67 |
| Beta | 1.86 |
| 1 Month Change | -5.89% |
| 3 Month Change | 6.61% |
| 1 Year Change | 22.47% |
| 3 Year Change | 78.58% |
| 5 Year Change | 128.78% |
| Change since IPO | 449.44% |
Recent News & Updates
Recent updates
Tanger: A Fair Price For A Great Business
Nov 30Tanger Factory: 3.5% Yield, Margin Of Safety, Moderate FFO Multiple
Sep 12Tanger: Building Wealth With Consistent Returns And Growth
Aug 29Tanger: 4% Yield, Re-Tenanting Upside, Low FFO Multiple
Jun 15Tanger Factory Outlets: Still Growing While Beating 2020 Expectations
Apr 16Tanger: Sustained Growth With Desirable Locations
Mar 27Tanger: A Well-Covered 4% Dividend Plus Growth Potential
Jan 16After Fantastic Upside, Tanger Is No Longer On Sale (Rating Downgrade)
Nov 20Tanger Factory: A Quality 'Buy' At The Right Price
Sep 26Tanger Factory Outlet: Flush With Cash, 4.2% Dividend Yield, A Buy?
Jul 19Tanger Factory FFO of $0.47 beats by $0.02, revenue of $116.46M beats by $7.45M, guidance in-line
Feb 21Dividend Cut Risk For Tanger But SWAN With Simon
Jan 30Tanger Factory Outlet: 5 Reasons Why You Should Sell This REIT
Jan 16Simon Says, Sell Tanger Factory Outlets
Dec 19Tanger Factory: Secure A 4.5% Yield For Tough Times
Dec 07Shareholder Returns
| SKT | US Retail REITs | US Market | |
|---|---|---|---|
| 7D | -3.3% | -4.3% | -2.4% |
| 1Y | 22.5% | 7.2% | 23.4% |
Return vs Industry: SKT exceeded the US Retail REITs industry which returned 7.2% over the past year.
Return vs Market: SKT matched the US Market which returned 23.3% over the past year.
Price Volatility
| SKT volatility | |
|---|---|
| SKT Average Weekly Movement | 2.4% |
| Retail REITs Industry Average Movement | 2.7% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: SKT has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: SKT's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1981 | 386 | Steve Yalof | www.tangeroutlets.com |
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 Inc. Fundamentals Summary
| SKT fundamental statistics | |
|---|---|
| Market cap | US$3.96b |
| Earnings (TTM) | US$94.87m |
| Revenue (TTM) | US$522.82m |
40.1x
P/E Ratio7.3x
P/S RatioIs SKT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SKT income statement (TTM) | |
|---|---|
| Revenue | US$522.82m |
| Cost of Revenue | US$134.66m |
| Gross Profit | US$388.15m |
| Other Expenses | US$293.29m |
| Earnings | US$94.87m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.86 |
| Gross Margin | 74.24% |
| Net Profit Margin | 18.15% |
| Debt/Equity Ratio | 241.0% |
How did SKT perform over the long term?
See historical performance and comparisonDividends
3.2%
Current Dividend Yield49%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 06:06 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Tanger Inc. is covered by 21 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Floris Gerbrand van Dijkum | Boenning & Scattergood, Inc. |
| Craig Schmidt | BofA Global Research |
| Jeffrey Spector | BofA Global Research |