SKT official logo SKT
SKT 2-star rating from Upturn Advisory
Tanger Factory Outlet Centers Inc (SKT) company logo

Tanger Factory Outlet Centers Inc (SKT)

Tanger Factory Outlet Centers Inc (SKT) 2-star rating from Upturn Advisory
$33.88
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Upturn Advisory Summary

11/05/2025: SKT (2-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

Upturn 2 star rating for performance

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

3 star rating from financial analysts

10 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $36.18

1 Year Target Price $36.18

Analysts Price Target For last 52 week
$36.18 Target price
52w Low $28.12
Current$33.88
52w High $36.23

Analysis of Past Performance

Type Stock
Historic Profit 25.5%
Avg. Invested days 52
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/05/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.97B USD
Price to earnings Ratio 36.68
1Y Target Price 36.18
Price to earnings Ratio 36.68
1Y Target Price 36.18
Volume (30-day avg) 10
Beta 1.05
52 Weeks Range 28.12 - 36.23
Updated Date 11/8/2025
52 Weeks Range 28.12 - 36.23
Updated Date 11/8/2025
Dividends yield (FY) 3.43%
Basic EPS (TTM) 0.94

Earnings Date

Report Date 2025-11-04
When -
Estimate 0.2483
Actual 0.28

Profitability

Profit Margin 18.74%
Operating Margin (TTM) 33.4%

Management Effectiveness

Return on Assets (TTM) 4.57%
Return on Equity (TTM) 16.95%

Valuation

Trailing PE 36.68
Forward PE 31.55
Enterprise Value 5417326222
Price to Sales(TTM) 6.9
Enterprise Value 5417326222
Price to Sales(TTM) 6.9
Enterprise Value to Revenue 9.85
Enterprise Value to EBITDA 17.36
Shares Outstanding 115115168
Shares Floating 112347799
Shares Outstanding 115115168
Shares Floating 112347799
Percent Insiders 2.34
Percent Institutions 94.13

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

Tanger Factory Outlet Centers Inc

Tanger Factory Outlet Centers Inc(SKT) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

Tanger Factory Outlet Centers, Inc. was founded in 1981 by Stanley K. Tanger. It pioneered the outlet center industry and grew through development and acquisitions, becoming a publicly traded REIT in 1993. Tanger has focused on operating and leasing high-quality outlet centers.

Company business area logo Core Business Areas

  • Leasing: Leasing retail space to brand-name manufacturers and retailers in outlet centers.
  • Property Management: Managing and operating outlet centers, including maintenance, marketing, and security.
  • Development and Acquisitions: Developing new outlet centers and acquiring existing properties to expand the portfolio.

leadership logo Leadership and Structure

Stephen Yalof is the CEO. The company operates as a REIT with a board of directors overseeing management.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • Outlet Center Space: Tanger provides retail space to brand-name retailers. While exact market share data is difficult to pinpoint due to the fragmented nature of the outlet mall industry, Tanger is a major player. Competitors include Simon Property Group and Macerich. Revenue for fiscal year 2023 was $433.9 million.

Market Dynamics

industry overview logo Industry Overview

The outlet center industry is evolving, with a focus on experience, dining, and entertainment alongside retail. The industry is moderately competitive and impacted by consumer spending and tourism trends.

Positioning

Tanger positions itself as a leading operator of high-quality outlet centers, focusing on strong brand partnerships and strategic locations. It leverages its brand recognition and economies of scale.

Total Addressable Market (TAM)

The TAM for outlet centers is estimated to be in the billions of dollars annually. Tanger is positioned to capture a portion of this market by maintaining its strong presence in the outlet sector.

Upturn SWOT Analysis

Strengths

  • Strong brand recognition
  • Diversified tenant base
  • Experienced management team
  • Prime locations in tourist destinations

Weaknesses

  • Reliance on physical retail
  • Susceptibility to economic downturns
  • Limited growth opportunities compared to online retail
  • High debt load

Opportunities

  • Expansion into new markets
  • Enhancing online presence
  • Developing mixed-use properties
  • Partnering with e-commerce brands

Threats

  • Increased competition from online retailers
  • Changes in consumer spending habits
  • Economic recessions
  • Rising interest rates

Competitors and Market Share

Key competitor logo Key Competitors

  • SPG
  • MAC
  • BAM

Competitive Landscape

Tanger's advantages include its strong brand recognition and experienced management. Disadvantages include its smaller size and reliance on physical retail compared to larger, more diversified competitors.

Growth Trajectory and Initiatives

Historical Growth: Tanger's growth has been moderate in recent years, with a focus on maintaining occupancy and improving tenant quality. They've faced challenges during the pandemic but are recovering.

Future Projections: Analysts project modest revenue growth for Tanger, driven by increased occupancy and rental rates. The company's focus on strategic acquisitions and developments will also contribute to growth.

Recent Initiatives: Recent initiatives include enhancing the customer experience, investing in digital marketing, and developing mixed-use components at some locations.

Summary

Tanger Factory Outlet Centers, Inc. is a relatively strong player in the outlet center industry with experienced management and brand recognition. It's financial performance is mixed, demonstrating a need for improvement. The company needs to capitalize on opportunities in digital marketing and mixed-use properties to counter the threat of online retailers and economic downturns.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • Tanger Factory Outlet Centers Inc. SEC Filings
  • Company Investor Relations
  • Financial News Articles
  • Analyst Reports

Disclaimers:

The information provided is for informational purposes only and does not constitute financial advice. Market conditions and company performance are subject to change.

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Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

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About Tanger Factory Outlet Centers Inc

Exchange NYSE
Headquaters Greensboro, NC, United States
IPO Launch date 1993-05-27
President, CEO & Director Mr. Stephen J. Yalof
Sector Real Estate
Industry REIT - Retail
Full time employees 372
Full time employees 372

Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 44 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 37 outlet centers and three open-air lifestyle centers includes 16 million square feet well positioned across tourist destinations and vibrant markets in 21 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 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, 2025.