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Tanger Factory Outlet Centers Inc (SKT)

Upturn stock ratingUpturn stock rating
$32.04
Last Close (24-hour delay)
Profit since last BUY1.14%
upturn advisory
Consider higher Upturn Star rating
BUY since 6 days
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Upturn Advisory Summary

07/11/2025: SKT (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

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

Number of Analysts

rating

10 Analysts rated it

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

1 Year Target Price $34.89

1 Year Target Price $34.89

Analysts Price Target For last 52 week
$34.89 Target price
52w Low $25.94
Current$32.04
52w High $36.91

Analysis of Past Performance

Type Stock
Historic Profit 22.6%
Avg. Invested days 43
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 07/11/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.63B USD
Price to earnings Ratio 37.69
1Y Target Price 34.89
Price to earnings Ratio 37.69
1Y Target Price 34.89
Volume (30-day avg) 10
Beta 1.18
52 Weeks Range 25.94 - 36.91
Updated Date 07/12/2025
52 Weeks Range 25.94 - 36.91
Updated Date 07/12/2025
Dividends yield (FY) 3.83%
Basic EPS (TTM) 0.85

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 17.37%
Operating Margin (TTM) 28.89%

Management Effectiveness

Return on Assets (TTM) 4.31%
Return on Equity (TTM) 16.04%

Valuation

Trailing PE 37.69
Forward PE 35.59
Enterprise Value 5263160336
Price to Sales(TTM) 6.6
Enterprise Value 5263160336
Price to Sales(TTM) 6.6
Enterprise Value to Revenue 9.78
Enterprise Value to EBITDA 17.34
Shares Outstanding 113174000
Shares Floating 110428014
Shares Outstanding 113174000
Shares Floating 110428014
Percent Insiders 2.4
Percent Institutions 93.32

ai summary icon Upturn AI SWOT

Tanger Factory Outlet Centers Inc

stock logo

Company Overview

overview logo History and Background

Tanger Factory Outlet Centers Inc. (SKT) was founded in 1981 by Stanley K. Tanger. It pioneered the outlet center concept, focusing on offering brand-name merchandise directly to consumers at discounted prices. Over the years, Tanger has expanded its portfolio across the US and Canada, adapting to changing retail trends and consumer preferences.

business area logo Core Business Areas

  • Leasing: Leasing of retail space to brand-name manufacturers and retailers within outlet centers. This is the primary revenue driver.
  • Property Management: Management and operation of outlet centers, including maintenance, security, and marketing.
  • Development and Expansion: Development of new outlet centers and expansion of existing properties to increase leasable area.

leadership logo Leadership and Structure

The leadership team is headed by Stephen Yalof, CEO. The organizational structure includes departments for leasing, property management, development, finance, and marketing, reporting to the executive team and the board of directors.

Top Products and Market Share

overview logo Key Offerings

  • Outlet Center Space: Leasing of retail space within Tanger outlet centers. Market share data is difficult to pinpoint precisely, but Tanger is a major player in the outlet center REIT sector. Competitors include Simon Property Group (SPG) Premium Outlets, and Macerich (MAC) outlet divisions. Direct revenue per outlet can vary widely.

Market Dynamics

industry overview logo Industry Overview

The outlet center industry is evolving with the rise of e-commerce and changing consumer preferences. Outlet centers need to offer experiential retail and cater to value-conscious shoppers. The industry is consolidating, with larger players acquiring smaller ones.

Positioning

Tanger is positioned as a leading owner and operator of outlet centers, known for its high occupancy rates and strong tenant relationships. Its competitive advantages include its established brand, experienced management team, and diversified portfolio. Focus on open-air shopping centers.

Total Addressable Market (TAM)

The TAM for outlet centers is estimated to be in the tens of billions of dollars annually. Tanger's positioning allows it to capture a portion of this market, however, it is hard to estimate the current actual amount. e-commerce is growing in the last few years, and outlet centers are getting less and less TAM as shopping preferences change

Upturn SWOT Analysis

Strengths

  • Established brand recognition
  • Diversified portfolio of outlet centers
  • Strong tenant relationships
  • Experienced management team
  • High occupancy rates

Weaknesses

  • Vulnerability to economic downturns
  • Dependence on brick-and-mortar retail
  • Exposure to changing consumer preferences
  • Geographic concentration in North America

Opportunities

  • Expansion into new markets
  • Development of mixed-use properties
  • Integration of e-commerce initiatives
  • Strategic acquisitions
  • Capitalize on experiential retail trends

Threats

  • Increased competition from online retailers
  • Economic recessions
  • Rising interest rates
  • Changes in consumer spending patterns
  • Supply chain disruptions

Competitors and Market Share

competitor logo Key Competitors

  • Simon Property Group (SPG)
  • Macerich (MAC)

Competitive Landscape

Tanger faces competition from other REITs and online retail. Tanger's strengths lie in its outlet-focused strategy, but it faces challenges from broader retail trends.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been steady, but influenced by economic cycles and the retail environment.

Future Projections: Analyst estimates for future growth vary depending on the company's strategic initiatives and market conditions.

Recent Initiatives: Recent initiatives often include property redevelopment, tenant mix optimization, and e-commerce integration.

Summary

Tanger Factory Outlet Centers Inc. is a stable player in the outlet center REIT sector, characterized by high occupancy rates and a strong brand. However, the company faces threats from e-commerce and economic downturns. Recent strategic initiatives are focused on adapting to changing consumer preferences and integrating digital strategies. Investors should monitor the company's ability to innovate and maintain its competitive edge.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings
  • Analyst reports
  • Industry publications

Disclaimers:

This analysis is for informational purposes only and should not be considered financial advice. Market data and analyst estimates are subject to change. Financial performance should be validated independently.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

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, one adjacent managed center, and three open-air lifestyle centers includes over 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 March 31, 2025.