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
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
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|
| Revenue | 478 | 495 | 488 | 466 | 439 | 419 | 385 | 357 | 315 | 276 |
| Revenue Growth | -3.3% | 1.32% | 4.81% | 6.02% | 4.97% | 8.77% | 7.79% | 13.25% | 14.09% | - |
| Gross Profit | 321 | 334 | 333 | 314 | 293 | 281 | 264 | 246 | 215 | 183 |
| Operating Income | 106 | 109 | 161 | 151 | 144 | 132 | 128 | 110 | 97.94 | 79.63 |
| Net Income | 87.86 | 43.66 | 68.00 | 194 | 211 | 74.01 | 108 | 53.23 | 44.64 | 34.25 |
| Shares Outstanding | 92.89 | 93.91 | 94.53 | 96.07 | 95.85 | 95.90 | 94.48 | 93.91 | 86.69 | 80.97 |
| Earnings Per Share | 0.93 | 0.45 | 0.71 | 2.01 | 2.20 | 0.77 | 1.13 | 0.57 | 0.52 | 0.32 |
| EPS Growth | 106.67% | -36.62% | -64.68% | -8.64% | 185.71% | -31.86% | 98.25% | 9.62% | 62.5% | - |
| Dividend Per Share | 1.42 | 1.39 | 1.35 | 1.26 | 1.31 | 0.95 | 0.90 | 0.83 | 0.79 | 0.78 |
| Dividend Growth | 1.58% | 2.88% | 7.46% | -3.45% | 37.37% | 5.56% | 8.43% | 5.06% | 1.94% | - |
| Operating Cash Flow | 220 | 258 | 253 | 239 | 221 | 189 | 187 | 166 | 136 | 119 |
| Capital Expenditures | -49.04 | -65.58 | -175 | -172 | -240 | -147 | -55.20 | -41.28 | -327 | -77.49 |
| Free Cash Flow | 171 | 193 | 78.02 | 67.75 | -18.79 | 41.82 | 132 | 124 | -191 | 41.01 |
| Cash & Equivalents | 16.67 | 9.08 | 6.10 | 12.22 | 143 | 16.88 | 15.24 | 10.34 | 7.89 | 5.76 |
| Total Debt | 1,661 | 1,713 | 1,764 | 1,688 | 1,553 | 1,444 | 1,335 | 1,100 | 1,032 | 715 |
| Net Cash / Debt | -1,644 | -1,704 | -1,758 | -1,676 | -1,410 | -1,427 | -1,320 | -1,090 | -1,024 | -709 |
| Assets | 2,285 | 2,385 | 2,540 | 2,526 | 2,315 | 2,098 | 2,006 | 1,679 | 1,622 | 1,217 |
| Liabilities | 1,829 | 1,879 | 1,928 | 1,821 | 1,709 | 1,574 | 1,449 | 1,165 | 1,093 | 795 |
| Book Value | 433 | 480 | 582 | 670 | 575 | 497 | 522 | 483 | 461 | 367 |
Numbers in millions USD, except per-share numbers.
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.