Tanger (NYSE:SKT) Releases FY 2026 Earnings Guidance

Tanger (NYSE:SKT) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 2.450-2.520 for the period, compared to the consensus estimate of 2.480. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

SKT has been the topic of a number of recent analyst reports. Bank of America reissued an “underperform” rating and issued a $38.00 price objective on shares of Tanger in a research note on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft increased their price target on Tanger from $35.00 to $40.00 and gave the company a “hold” rating in a report on Wednesday, June 17th. Barclays lifted their price target on shares of Tanger from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Scotiabank boosted their price objective on shares of Tanger from $37.00 to $41.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 18th. Finally, Evercore set a $39.00 price objective on shares of Tanger in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Tanger presently has an average rating of “Hold” and a consensus target price of $39.70.

Tanger Stock Performance

Shares of Tanger stock traded up $0.08 during trading on Tuesday, reaching $40.83. The company’s stock had a trading volume of 1,416,778 shares, compared to its average volume of 989,479. Tanger has a one year low of $30.62 and a one year high of $42.53. The company has a debt-to-equity ratio of 2.67, a quick ratio of 3.36 and a current ratio of 3.36. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 38.16, a price-to-earnings-growth ratio of 2.08 and a beta of 1.09. The business’s fifty day moving average price is $39.50 and its 200-day moving average price is $36.65.

Tanger (NYSE:SKT) last announced its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.39. Tanger had a return on equity of 17.53% and a net margin of 20.76%.The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 earnings per share. Tanger has set its FY 2026 guidance at 2.450-2.520 EPS. As a group, equities research analysts predict that Tanger will post 2.48 earnings per share for the current year.

Tanger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a dividend of $0.3125 per share. The ex-dividend date is Friday, July 31st. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.1%. Tanger’s payout ratio is 116.82%.

Hedge Funds Weigh In On Tanger

A number of institutional investors and hedge funds have recently bought and sold shares of SKT. EverSource Wealth Advisors LLC raised its stake in Tanger by 127.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 948 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 531 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Tanger in the 3rd quarter worth $33,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Tanger during the 4th quarter worth about $41,000. Quarry LP bought a new position in shares of Tanger during the 3rd quarter worth about $49,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Tanger during the third quarter valued at about $77,000. Institutional investors own 85.23% of the company’s stock.

Tanger Company Profile

Tanger Factory Outlet Centers, Inc (NYSE: SKT) is a real estate investment trust specializing in the ownership, development and management of outlet shopping centers. The company’s portfolio comprises more than 40 outlet properties anchored by leading fashion and lifestyle brands. Tanger’s centers are designed to offer off-price retail experiences in open-air, community-oriented settings, providing value-focused shoppers with access to premium brands at reduced prices.

Founded in 1981 by Stanley K.