SKT

Tanger Inc

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Advanced Chart

31.660

-0.28(-0.877%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

32.280

Open

32.170

VWAP

31.73

Vol

841.37K

Mkt Cap

3.58B

Low

31.570

Amount

26.70M

EV/EBITDA(TTM)

32.28

Total Shares

109.35M

5.16B

EV/OCF(TTM)

18.40

P/S(TTM)

6.57

Tanger Inc. is an owner and operator of outlet and open-air retail shopping destinations, with expertise in the retail and outlet shopping industries. The Company is a fully integrated, self-administered and self-managed real estate investment trust (REIT), which focuses on developing, acquiring, owning, operating and managing outlets and open-air shopping centers. Its outlet centers and other assets are held by, and all its operations are conducted by Tanger Properties Limited Partnership and subsidiaries (Operating Partnership). The Company operates about 38 outlet centers, one adjacent managed center and three open-air lifestyle centers comprising over 16 million square feet positioned across tourist destinations and markets in 21 United States (U.S.) states and Canada. It offers over 3,000 stores operated by more than 700 different brand name companies. Its consolidated outlet centers include Tanger Outlets Deer Park, Tanger Outlets Riverhead, Tanger Outlets Foley, and others.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

140.05M

+3.46%

152.17M

+8.13%

141.13M

+6.11%

Estimates Revision

The market is revising Upward the revenue expectations for Tanger Inc. (SKT) for FY2025, with the revenue forecasts being adjusted by 0.82% over the past three months. During the same period, the stock price has changed by 4.87%.

Revenue Estimates for FY2025

Revise Upward

+0.82%

In Past 3 Month

Stock Price

Go Up

+4.87%

In Past 3 Month

9 Analyst Rating

9.38% Upside

Wall Street analysts forecast SKT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SKT is 34.63 USD with a low forecast of 32.00 USD and a high forecast of 39.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

4 Buy

5 Hold

0 Sell

Moderate Buy

9.38% Upside

Current: 31.660

Low

32.00

Averages

34.63

High

39.00

9.38% Upside

Current: 31.660

Low

32.00

Averages

34.63

High

39.00

Ladenburg

Destiny Hance

initiated

$35

2025-07-18

Reason

Ladenburg

Destiny Hance

Price Target

$35

2025-07-18

initiated

Reason

Ladenburg analyst Destiny Hance initiated coverage of Tanger with a Buy rating and $35 price target.

Barclays

Equal Weight

initiated

$33

2025-07-02

Reason

Barclays

Price Target

$33

2025-07-02

initiated

Equal Weight

Reason

Barclays initiated coverage of Tanger with an Equal Weight rating and $33 price target as the firm launched coverage of six REITs across two new sub-sectors for the franchise, Shopping Centers and Malls / Outlets. Despite \"obvious\" concerns around tariffs and the slowing consumer, the firm believes that investors may be overpaying for the \"perceived defensiveness of certain grocery-anchored portfolios,\" says the analyst, who broadly favors companies with strong balance sheets and improving free cash flow profiles.

Scotiabank

Nicholas Yulico

Hold

Maintains

$38 → $33

2025-04-23

Reason

Scotiabank

Nicholas Yulico

Price Target

$38 → $33

2025-04-23

Maintains

Hold

Reason

Scotiabank analyst Greg McGinnis lowered the firm's price target on Tanger to $33 from $38 and keeps a Sector Perform rating on the shares. The firm is updating its price targets on U.S. Retail REITs, taking into consideration the impact of tariffs, analyzing foot traffic, and reviewing tenant bankruptcy risk, the analyst tells investors.

Goldman Sachs

Caitlin Burrows

Hold

Strong Buy

Upgrades

$39 → $40

2025-03-28

Reason

Goldman Sachs

Caitlin Burrows

Price Target

$39 → $40

2025-03-28

Upgrades

Hold

Strong Buy

Reason

Goldman Sachs upgraded Tanger to Buy from Neutral with a price target of $40, up from $39. The company's same-store net income growth will stay "higher for longer," the analyst tells investors in a research note. The firm believes Tanger can continue to surprise to the upside and generate consistent funds from operations growth of 6.5% annually through 2027. The company has "uniquely high" near-term lease expirations, allowing it to capture strong leasing spreads, contends Goldman.

BMO Capital

Juan Sanabria

Hold

Initiates

$36

2025-01-28

Reason

BMO Capital

Juan Sanabria

Price Target

$36

2025-01-28

Initiates

Hold

Reason

Deutsche Bank

Omotayo Okusanya

Hold

Initiates

$37

2024-12-17

Reason

Deutsche Bank

Omotayo Okusanya

Price Target

$37

2024-12-17

Initiates

Hold

Reason

Deutsche Bank initiated coverage of Tanger with a Hold rating and $37 price target. The firm has a neutral view on the mall real estate investment trust sector in the near-term. While "healthy" retail fundamentals are a tailwind for the group, Deutsche Bank remains concerned about the potential negative impact of the macro environment on "currently elevated valuation levels," the analyst tells investors in a research note.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Tanger Inc (SKT.N) is 31.86, compared to its 5-year average forward P/E of -8.59. For a more detailed relative valuation and DCF analysis to assess Tanger Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

-8.59

Current PE

31.86

Overvalued PE

200.91

Undervalued PE

-218.08

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

14.50

Current EV/EBITDA

15.39

Overvalued EV/EBITDA

15.78

Undervalued EV/EBITDA

13.23

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

4.90

Current PS

6.30

Overvalued PS

6.36

Undervalued PS

3.45