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SKT $34.34

SKT target price
34.34
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Tanger Factory Outlet Centers Inc.
Type
Public
Traded as NYSE: SKT
S&P 400 Component
Industry Outlet malls
Founded 1981 (listed 1993)
Headquarters Greensboro, North Carolina
Key people
Stanley K. Tanger, Steven B Tanger (CEO)
Net income
$34.25 million USD (2011-12-31)
Number of employees
200
Website www.tangeroutlet.com

Tanger Factory Outlet Centers, Inc. (/ˈtæŋ.ər/ TANG-er) (NYSE: SKT) is a real estate company that owns the chain Tanger Outlets, an outlet mall company headquartered in Greensboro, North Carolina.

The company derives its name from founder Stanley Tanger who opened the Burlington Manufacturer's Outlet Center (BMOC) in Burlington, North Carolina, in 1981. As of 2011, the company has 35 centers in 24 states.

The company operates as a REIT. In June 1993 it became the first publicly traded outlet company when it was listed on the New York Stock Exchange.

As of December 31, 2006, Tanger's 30 centers represented a gross leasable area (GLA) of approximately 8,400,000 square feet (780,000 m) and consisted of more than 1,800 stores, representing about 380 store brands. According to its website it had 150 million shoppers in 2006.

On January 24, 2011, it announced a $1 billion partnership with Canadian-based RioCan Real Estate Investment Trust to open up to 15 outlet locations in Canada within 7 years. It secured its first location in the Greater Toronto Area of Milton, Ontario at the Highway 401 and James Snow Parkway interchange to be ready for an April 2013 opening. Another planned location would be near the Canadian Tire Centre and Highway 417 in the western edge of Ottawa.

In November 2012, Tanger announced it will join Simon Property Group in constructing a new 400,000 sq. ft. center in Charlotte, North Carolina.

Tenants in its centers include Liz Claiborne, Gap, Banana Republic, Old Navy, Polo Ralph Lauren, Reebok, Tommy Hilfiger, Nautica, Abercrombie & Fitch, Hollister, Eddie Bauer, Brooks Brothers and Nike.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-31 Future report Set alerts
Q2 2022 2022-08-08 0.19 0.19
Q1 2022 2022-05-05 0.19 0.19
Q4 2021 2022-02-17 0.12 0.12
Q3 2021 2021-11-01 -0.11 -0.11
Q2 2021 2021-08-03 0.02 0.02
Q1 2021 2021-05-05 0.04 0.04
Q4 2020 2021-02-17 0.00 0.00
Q3 2020 2020-11-05 0.11 0.14
Q2 2020 2020-08-05 -0.25 -0.25

Ratings

2016-07-06 Downgrade Hilliard Lyons Buy to Neutral
2016-04-23 Reiterated Rating Goldman Sachs Buy
2016-04-23 Reiterated Rating Goldman Sachs Group Inc. Buy
2016-04-04 Downgrade Citigroup Inc. Buy to Neutral $34.00 to $35.00
2016-03-21 Boost Price Target Evercore ISI Hold $35.00 to $36.00
2016-02-16 Upgrade Citigroup Inc. Neutral to Buy
2016-02-11 Upgrade Hilliard Lyons Neutral to Buy $35.00
2016-01-27 Initiated Coverage Boenning Scattergood Underperform
2015-12-08 Upgrade Goldman Sachs Neutral to Buy
2015-10-30 Boost Price Target RBC Capital $42.00 to $44.00
2015-10-30 Boost Price Target Royal Bank Of Canada $42.00 to $44.00
2015-10-29 Downgrade Hilliard Lyons Buy to Neutral
2015-10-07 Reiterated Rating RBC Capital Outperform $42.00
2015-10-06 Upgrade Bank of America Underperform to Neutral $35.00 to $38.00
2015-10-06 Upgrade Bank of America Corp. Underperform to Neutral $35.00 to $38.00
2015-09-08 Lower Price Target Evercore Partners Inc. Hold $36.00 to $35.00
2015-09-08 Reiterated Rating Evercore ISI Hold $35.00
2015-08-25 Upgrade Hilliard Lyons Neutral to Buy
2015-07-21 Lower Price Target Jefferies Group Hold $38.00 to $36.00
2015-07-21 Lower Price Target Citigroup Inc. Neutral $37.00 to $36.00
2015-06-09 Reiterated Rating Evercore ISI Hold $38.00 to $37.00
2015-03-20 Lower Price Target Citigroup Inc. Neutral $40.00 to $37.00
2015-02-12 Downgrade Evercore ISI Buy to Hold
2015-01-08 Downgrade Bank of America Neutral to Underperform $36.00
2014-12-18 Downgrade Stifel Nicolaus Buy to Hold
2014-12-16 Downgrade Citigroup Inc. Buy to Neutral
2014-12-09 Boost Price Target JPMorgan Chase & Co. Neutral $36.00 to $39.00
2014-11-26 Lower Price Target Jefferies Group Hold $35.00 to $34.00
2014-09-29 Upgrade Evercore ISI Neutral to Buy $38.00
2014-07-22 Boost Price Target Jefferies Group $35.00 to $37.00
2014-06-10 Reiterated Rating JPMorgan Chase & Co. Neutral $36.00 to $38.00
2013-11-01 Reiterated Rating Bank of America Hold $36.00
2013-11-01 Lower Price Target RBC Capital Outperform $43.00 to $40.00
2013-09-27 Reiterated Rating RBC Capital Outperform $32.78
2013-09-18 Downgrade Jefferies Group Buy to Hold $40.00 to $35.00
2011-12-21 Downgrade Hilliard Lyons Long-term Buy to Neutral
2011-04-29 Downgrade KeyBanc Capital Mkts Buy to Hold
2010-07-01 Initiated KeyBanc Capital Mkts Buy $48
2009-04-03 Initiated RBC Capital Mkts Outperform
2009-01-12 Downgrade Citigroup Buy to Hold
2008-10-03 Downgrade Banc of America Sec Buy to Neutral
2007-05-18 Upgrade Banc of America Sec Neutral to Buy $42 to $45
2016-07-06 Downgrade Hilliard Lyons Buy to Neutral
2016-04-23 Reiterated Rating Goldman Sachs Buy
2016-04-23 Reiterated Rating Goldman Sachs Group Inc. Buy
2016-04-04 Downgrade Citigroup Inc. Buy to Neutral $34.00 to $35.00
2016-03-21 Boost Price Target Evercore ISI Hold $35.00 to $36.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
TANGER STEVEN B President and CEO 1.15%  (1106983) SKT / TFM /
MARCHISELLO FRANK C JR Executive VP, CFO, Secretary 0.30%  (290023) SKT /
McDonough Thomas E. EVP, Chief Operating Officer 0.21%  (197056) SKT /
AFRICK JACK 0.18%  (170596) SKT /
Perry Chad EVP,General Counsel,Secretary 0.09%  (91017) SKT /
BENTON WILLIAM G 0.09%  (85967) SKT /
Williams James Floyd Sr.Vice President & Controller 0.08%  (76881) SKT /
GELDNER CARRIE A S.V.P. Chief Marketing Officer 0.06%  (57858) SKT /
ROBINSON THOMAS E 0.06%  (53892) ESS / FPO / SKT /
SCHUMAN ALLAN L 0.05%  (51473) SKT /
Berman Bridget Ryan 0.05%  (51403) ABG / SKT /
MORRISON LISA J Senior VP Leasing 0.05%  (49667) SKT /
REDDIN THOMAS 0.05%  (43451) ABG / DLX / SKT / VCI /
Worsham Charles Allen SVP,Construction & Development 0.04%  (40443) SKT /
CITRIN JEFFREY B 0.03%  (33128) SKT /
SUMMERELL VIRGINIA R Senior VP, Treasurer 0.03%  (30785) SKT /
Guerrieri Thomas Joseph JR VP, CAO and Controller 0.03%  (29307) SKT /
DRAPKIN DONALD G 0.03%  (28659) SKT /
JESSUP MANUEL O Senior VP - Human Resources 0.02%  (22400) SKT /
HENRY DAVID 0.02%  (16807) ARCP / CXP / HCP / KIM / SKT /