Tanger (NYSE:SKT) Issues FY 2025 Earnings Guidance

Tanger (NYSE:SKT) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 2.220-2.300 for the period, compared to the consensus EPS estimate of 2.230. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SKT. The Goldman Sachs Group upped their target price on shares of Tanger from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Compass Point upped their target price on shares of Tanger from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Evercore ISI increased their price objective on shares of Tanger from $31.00 to $33.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of Tanger in a research note on Tuesday, December 17th. They set a “hold” rating and a $37.00 price objective for the company. Finally, BMO Capital Markets began coverage on shares of Tanger in a research note on Tuesday, January 28th. They set a “market perform” rating and a $36.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $36.00.

Tanger Stock Performance

Shares of SKT stock traded down $0.06 on Wednesday, reaching $34.65. The stock had a trading volume of 703,602 shares, compared to its average volume of 684,391. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 40.29, a P/E/G ratio of 2.84 and a beta of 1.91. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 2.40. Tanger has a 12 month low of $25.94 and a 12 month high of $37.57. The firm’s 50-day moving average is $33.79 and its two-hundred day moving average is $33.09.

Tanger Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.275 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.10 annualized dividend and a yield of 3.17%. Tanger’s dividend payout ratio is currently 127.91%.

Tanger Company Profile

Tanger Inc (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger’s portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S.