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

Several analysts have issued reports on the stock. Citigroup raised their price target on shares of Tanger from $34.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group raised their price objective on shares of Tanger from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Compass Point raised their price objective on shares of Tanger from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Bank of America raised shares of Tanger from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $40.00 in a report on Monday, November 11th. Finally, BMO Capital Markets initiated coverage on shares of Tanger in a report on Tuesday, January 28th. They set a “market perform” rating and a $36.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.00.

Tanger Stock Performance

SKT stock traded down $0.34 during trading hours on Friday, reaching $35.59. The stock had a trading volume of 181,102 shares, compared to its average volume of 684,575. The stock has a market capitalization of $3.94 billion, a PE ratio of 40.98, a price-to-earnings-growth ratio of 2.87 and a beta of 1.91. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a 50-day simple moving average of $33.77 and a 200 day simple moving average of $33.16. Tanger has a fifty-two week low of $25.94 and a fifty-two week high of $37.57.

Tanger (NYSE:SKT) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The business had revenue of $132.17 million for the quarter, compared to analyst estimates of $129.10 million. Tanger had a net margin of 18.65% and a return on equity of 16.82%. Analysts predict that Tanger will post 2.23 EPS for the current fiscal year.

Tanger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.275 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.10 annualized dividend and a dividend yield of 3.09%. Tanger’s dividend payout ratio is 126.44%.

About Tanger

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.