Tanger Factory Outlet Centers, Inc. (SKT)
Stock Price:
$10.07 USD
0.11 (1.05%)
Updated December 3, 3:23 PM EST - Market open
Key Info
| Market Cap |
940.61M |
| Revenue (ttm) |
399.33M |
| Net Income (ttm) |
-48.29M |
| Shares Out |
93.47M |
| EPS (ttm) |
-0.53 |
| PE Ratio |
n/a |
| Forward PE |
99.01 |
| Dividend |
$1.43 |
| Dividend Yield |
14.21% |
Stock Quote
| Trading Day |
December 3 |
| Last Price |
$10.07 |
| Previous Close |
$9.96 |
| Change ($) |
0.11 |
| Change (%) |
1.05% |
| Day's Open |
10.02 |
| Day's Range |
9.94 - 10.45 |
| Day's Volume |
1,822,468 |
| 52-Week Range |
4.05 - 15.36 |
More Stats
| Market Cap |
940.61M |
| Enterprise Value |
2.58B |
| Earnings Date (est) |
n/a |
| Ex-Dividend Date |
n/a |
| Shares Outstanding |
93.47M |
| Float |
n/a |
| EPS (basic) |
-0.54 |
| EPS (diluted) |
-0.53 |
| FCF / Share |
1.24 |
| Dividend |
$1.43 |
| Dividend Yield |
14.21% |
| Earnings Yield |
n/a |
| FCF Yield |
12.31% |
| Payout Ratio |
n/a |
| Shares Short |
40.42M |
| Short Ratio |
16.20 |
| Short % of Float |
n/a |
| Beta |
2.01 |
| PE Ratio |
n/a |
| Forward PE |
99.01 |
| P/FCF Ratio |
8.12 |
| PS Ratio |
2.36 |
| PB Ratio |
2.79 |
| Revenue |
399.33M |
| Operating Income |
8.09M |
| Net Income |
-48.29M |
| Free Cash Flow |
115.82M |
| Net Cash |
-1.64B |
| Net Cash / Share |
-17.54 |
| Gross Margin |
87.92% |
| Operating Margin |
2.03% |
| Profit Margin |
-12.10% |
| FCF Margin |
29.00% |
| ROA |
2.64% |
| ROE |
-11.96% |
| ROIC |
0.40% |
Stats based on trailing-twelve-month (ttm) numbers.
Analyst Forecasts
Analyst Ratings (8)
| Buy |
0 |
| Overweight |
0 |
| Hold |
4 |
| Underweight |
1 |
| Sell |
3 |
Price Target
$7.14*
(-29.06% downside)
Low
6.00
Current: $10.07
High
8.00
Target: 7.14
*Average 12-month price target from 7 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 |
Stephen Yalof |
Stock Information
| Ticker Symbol |
SKT |
| Stock Exchange |
NYSE |
| Sector |
Real Estate |
| Industry |
REIT-Retail |
| Unique Identifier |
NYSE: SKT |
| IPO Date |
May 27, 1993 |
Description
Tanger Factory Outlet Centers (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies. The Company has more than 39 years of experience in the outlet industry and is a publicly-traded REIT. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission (SEC) that includes a supplemental information package for the quarter ended September 30, 2020.