Tanger Factory Outlet Centers Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $22.815
- Today's High:
- $23.18
- Open Price:
- $23.1
- 52W Low:
- $12.6304
- 52W High:
- $25.23
- Prev. Close:
- $23.24
- Volume:
- 500679
Company Statistics
- Market Cap.:
- $2.44 billion
- Book Value:
- 4.62
- Revenue TTM:
- $454.99 million
- Operating Margin TTM:
- 28.49%
- Gross Profit TTM:
- $327.12 million
- Profit Margin:
- 19.65%
- Return on Assets TTM:
- 3.72%
- Return on Equity TTM:
- 18.37%
Company Profile
Tanger Factory Outlet Centers Inc had its IPO on 1993-05-27 under the ticker symbol SKT.
The company operates in the Real Estate sector and REIT-Retail industry. Tanger Factory Outlet Centers Inc has a staff strength of 341 employees.
Stock update
Shares of Tanger Factory Outlet Centers Inc opened at $23.1 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $22.82 - $23.18, and closed at $22.99.
This is a -1.08% slip from the previous day's closing price.
A total volume of 500,679 shares were traded at the close of the day’s session.
In the last one week, shares of Tanger Factory Outlet Centers Inc have slipped by -0.48%.
Tanger Factory Outlet Centers Inc's Key Ratios
Tanger Factory Outlet Centers Inc has a market cap of $2.44 billion, indicating a price to book ratio of 4.0074 and a price to sales ratio of 4.4265.
In the last 12-months Tanger Factory Outlet Centers Inc’s revenue was $454.99 million with a gross profit of $327.12 million and an EBITDA of $229.73 million. The EBITDA ratio measures Tanger Factory Outlet Centers Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Tanger Factory Outlet Centers Inc’s operating margin was 28.49% while its return on assets stood at 3.72% with a return of equity of 18.37%.
In Q2, Tanger Factory Outlet Centers Inc’s quarterly earnings growth was a positive 20.8% while revenue growth was a positive 4%.
Tanger Factory Outlet Centers Inc’s PE and PEG Ratio
- Forward PE
- 22.5734
- Trailing PE
- 27.6667
- PEG
- 3.6521
Its diluted EPS in the last 12-months stands at $0.84 per share while it has a forward price to earnings multiple of 22.5734 and a PEG multiple of 3.6521. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Tanger Factory Outlet Centers Inc’s profitability.
Tanger Factory Outlet Centers Inc stock is trading at a EV to sales ratio of 7.4848 and a EV to EBITDA ratio of 14.1289. Its price to sales ratio in the trailing 12-months stood at 4.4265.
Tanger Factory Outlet Centers Inc stock pays annual dividends of $0.93 per share, indicating a yield of 4.19% and a payout ratio of 110.71%.
Balance sheet and cash flow metrics
- Total Assets
- $2.20 billion
- Total Liabilities
- $91.90 million
- Operating Cash Flow
- $-33164000.00
- Capital Expenditure
- $45.89 million
- Dividend Payout Ratio
- 110.71%
Tanger Factory Outlet Centers Inc ended 2024 with $2.20 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.20 billion while shareholder equity stood at $485.91 million.
Tanger Factory Outlet Centers Inc ended 2024 with $0 in deferred long-term liabilities, $91.90 million in other current liabilities, 1052000.00 in common stock, $-488273000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $213.00 million and cash and short-term investments were $228.37 million. The company’s total short-term debt was $0 while long-term debt stood at $1.43 billion.
Tanger Factory Outlet Centers Inc’s total current assets stands at $228.37 million while long-term investments were $74.46 million and short-term investments were $15.37 million. Its net receivables were $0 compared to accounts payable of $91.90 million and inventory worth $0.
In 2024, Tanger Factory Outlet Centers Inc's operating cash flow was $-33164000.00 while its capital expenditure stood at $45.89 million.
Comparatively, Tanger Factory Outlet Centers Inc paid $1.11 in dividends in 2024.
Other key metrics
- Current Trading Price
- $22.99
- 52-Week High
- $25.23
- 52-Week Low
- $12.6304
- Analyst Target Price
- $20.42
Tanger Factory Outlet Centers Inc stock is currently trading at $22.99 per share. It touched a 52-week high of $25.23 and a 52-week low of $25.23. Analysts tracking the stock have a 12-month average target price of $20.42.
Its 50-day moving average was $23.31 and 200-day moving average was $19.9 The short ratio stood at 11.89 indicating a short percent outstanding of 0%.
Around 292.4% of the company’s stock are held by insiders while 8406.1% are held by institutions.
Frequently Asked Questions About Tanger Factory Outlet Centers Inc
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About
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading operator of upscale open-air outlet centers, fully or partially owns and/or manages a portfolio of 37 centers, including one center under development. Tanger’s operating centers, which comprise approximately 14 million square feet, are located in 20 states and in Canada and are leased to over 2,700 stores operated by more than 600 different brand name companies. Tanger has more than 42 years of experience in the outlet industry and has been a publicly traded REIT since 1993. 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, 2023.