Tanger (NYSE:SKT) Updates FY 2026 Earnings Guidance

Posted by George Bondi on Aug 5th, 2026

Tanger (NYSE:SKT – Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 2.450-2.520 for the period, compared to the consensus estimate of 2.480. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SKT shares. UBS Group set a $41.00 target price on shares of Tanger in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft raised their price objective on Tanger from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, June 17th. BMO Capital Markets boosted their target price on Tanger from $40.00 to $42.00 and gave the stock a “market perform” rating in a research report on Monday, June 15th. LADENBURG THALM/SH SH raised their price target on Tanger from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, Bank of America reissued an “underperform” rating and issued a $38.00 target price on shares of Tanger in a report on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.70.

View Our Latest Research Report on SKT

Tanger Trading Down 0.7%

Shares of NYSE SKT traded down $0.27 during midday trading on Wednesday, hitting $40.45. The company’s stock had a trading volume of 298,896 shares, compared to its average volume of 984,565. Tanger has a 12-month low of $31.13 and a 12-month high of $42.53. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 2.67. The firm has a market cap of $4.65 billion, a P/E ratio of 37.78, a price-to-earnings-growth ratio of 2.08 and a beta of 1.10. The business’s 50 day moving average is $39.60 and its two-hundred day moving average is $36.70.

Tanger (NYSE:SKT – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Tanger had a return on equity of 17.53% and a net margin of 20.76%.The company had revenue of $148.27 million during the quarter, compared to analysts’ expectations of $142.58 million. During the same quarter in the previous year, the business earned $0.58 EPS. Tanger’s revenue was up 11.2% compared to the same quarter last year. Tanger has set its FY 2026 guidance at 2.450-2.520 EPS. As a group, equities research analysts expect that Tanger will post 2.48 EPS for the current year.

Tanger Announces Dividend

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

Hedge Funds Weigh In On Tanger

A number of hedge funds and other institutional investors have recently made changes to their positions in SKT. Cibc World Markets Corp bought a new position in Tanger in the fourth quarter worth approximately $247,000. United Services Automobile Association purchased a new position in Tanger in the first quarter worth $233,000. Cerity Partners LLC acquired a new stake in shares of Tanger in the 2nd quarter worth $224,000. CIBC Asset Management Inc acquired a new stake in Tanger in the fourth quarter worth about $200,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Tanger by 5.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 5,877 shares of the real estate investment trust’s stock worth $199,000 after purchasing an additional 306 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Tanger Company Profile

(Get Free Report)

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.