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Tanger Factory Outlet Centers, Inc. (SKT)

Stock Price: $6.43 USD 0.29 (4.72%)
Updated Aug 10, 2020 4:00 PM EDT - Market closed
After-hours: $6.41 -0.02 (-0.31%) Aug 10, 5:58 PM

Stock Price Chart

Key Info

Market Cap 601.03M
Revenue (ttm) 418.22M
Net Income (ttm) -1.36M
Shares Out 93.47M
EPS (ttm) -0.42
PE Ratio n/a
Forward PE n/a
Dividend $1.43
Dividend Yield 22.24%

Stock Quote

Trading Day Aug 10, 2020
Last Price $6.43
Previous Close $6.14
Change ($) 0.29
Change (%) 4.72%
Day's Open 6.14
Day's Range 6.14 - 6.64
Day's Volume 3,718,476
52-Week Range 4.05 - 17.94

More Stats

Market Cap 601.03M
Enterprise Value 2.26B
Earnings Date (est) n/a
Ex-Dividend Date Apr 29, 2020
Shares Outstanding 93.47M
Float 89.66M
EPS (basic) -0.03
EPS (diluted) -0.42
FCF / Share 1.77
Dividend $1.43
Dividend Yield 22.24%
Earnings Yield n/a
FCF Yield 27.35%
Payout Ratio n/a
Shares Short 48.62M
Short Ratio 15.87
Short % of Float 77.43%
Beta 1.77
PE Ratio n/a
Forward PE n/a
P/FCF Ratio 3.66
PS Ratio 1.44
PB Ratio 1.71
Revenue 418.22M
Operating Income 54.36M
Net Income -1.36M
Free Cash Flow 164.38M
Net Cash -1.66B
Net Cash / Share -17.74
Gross Margin 84.76%
Operating Margin 13.00%
Profit Margin -0.30%
FCF Margin 39.30%
ROA 2.79%
ROE -9.35%
ROIC 1.40%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (8)

Buy 0
Overweight 0
Hold 2
Underweight 1
Sell 5

Analyst Consensus: Underweight

Price Target

$5.90*
(-8.24% downside)
Low
3.50
Current: $6.43
High
8.00
Target: 5.90
*Average 12-month price target from 8 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue478495488466439419385357315276
Revenue Growth-3.3%1.32%4.81%6.02%4.97%8.77%7.79%13.25%14.09%-
Gross Profit321334333314293281264246215183
Operating Income10610916115114413212811097.9479.63
Net Income87.8643.6668.0019421174.0110853.2344.6434.25
Shares Outstanding92.8993.9194.5396.0795.8595.9094.4893.9186.6980.97
Earnings Per Share0.930.450.712.012.200.771.130.570.520.32
EPS Growth106.67%-36.62%-64.68%-8.64%185.71%-31.86%98.25%9.62%62.5%-
Dividend Per Share1.421.391.351.261.310.950.900.830.790.78
Dividend Growth1.58%2.88%7.46%-3.45%37.37%5.56%8.43%5.06%1.94%-
Operating Cash Flow220258253239221189187166136119
Capital Expenditures-49.04-65.58-175-172-240-147-55.20-41.28-327-77.49
Free Cash Flow17119378.0267.75-18.7941.82132124-19141.01
Cash & Equivalents16.679.086.1012.2214316.8815.2410.347.895.76
Total Debt1,6611,7131,7641,6881,5531,4441,3351,1001,032715
Net Cash / Debt-1,644-1,704-1,758-1,676-1,410-1,427-1,320-1,090-1,024-709
Assets2,2852,3852,5402,5262,3152,0982,0061,6791,6221,217
Liabilities1,8291,8791,9281,8211,7091,5741,4491,1651,093795
Book Value433480582670575497522483461367
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Tanger Factory Outlet Centers, Inc.
Country United States
Employees 285
CEO Steven B. Tanger

Stock Information

Ticker Symbol SKT
Stock Exchange New York Stock Exchange
Sector Real Estate
Industry REIT—Retail
Unique Identifier NYSE: SKT
IPO Date May 27, 1993

Description

Tanger Factory Outlet Centers, Inc. (NYSE: SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that presently operates and owns, or has an ownership interest in, a portfolio of 39 upscale outlet shopping centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 14.3 million square feet, leased to over 2,800 stores which are operated by more than 510 different brand name companies. The Company has more than 39 years of experience in the outlet industry. Tanger Outlet Centers continue to attract more than 181 million visitors annually. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission (SEC) that includes a supplemental information package for the quarter ended June 30, 2020.