Tanger Factory Outlet Centers, Inc. (SKT) Analysts See $0.58 EPS

April 25, 2018 - By Darrin Black

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) LogoInvestors sentiment increased to 1.12 in 2017 Q4. Its up 0.11, from 1.01 in 2017Q3. It is positive, as 36 investors sold Tanger Factory Outlet Centers, Inc. shares while 71 reduced holdings. 33 funds opened positions while 87 raised stakes. 98.16 million shares or 5.39% more from 93.14 million shares in 2017Q3 were reported.
52,157 were reported by Thrivent For Lutherans. Texas Permanent School Fund stated it has 0.02% in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). Gofen And Glossberg Limited Liability Corp Il owns 16,670 shares for 0.02% of their portfolio. California State Teachers Retirement System accumulated 154,275 shares. Smith Salley Assocs owns 152,661 shares. State Treasurer State Of Michigan reported 0.01% in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). Dupont Cap Mngmt reported 20,794 shares or 0.01% of all its holdings. Pettyjohn Wood White Inc stated it has 0.44% of its portfolio in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). Federated Investors Inc Pa stated it has 41,970 shares. Gilman Hill Asset Mngmt Limited Company has invested 1.83% in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). Moreover, Brown Brothers Harriman & Com has 0% invested in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). Schwab Charles Invest Mgmt holds 1.04M shares or 0.02% of its portfolio. Aperio Group Limited Liability Corp, a California-based fund reported 71,653 shares. Stephens Ar has 0.02% invested in Tanger Factory Outlet Centers, Inc. (NYSE:SKT). Duff Phelps Inv Management has 0.08% invested in Tanger Factory Outlet Centers, Inc. (NYSE:SKT) for 210,019 shares.

Since February 15, 2018, it had 0 buys, and 3 selling transactions for $396,915 activity. Shares for $132,791 were sold by SUMMERELL VIRGINIA R on Monday, February 26. Another trade for 11,276 shares valued at $254,274 was sold by McDonough Thomas E..

Analysts expect Tanger Factory Outlet Centers, Inc. (NYSE:SKT) to report $0.58 EPS on May, 1 after the close.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $0.58 EPS. SKT’s profit would be $57.22 million giving it 9.25 P/E if the $0.58 EPS is correct. After having $0.66 EPS previously, Tanger Factory Outlet Centers, Inc.’s analysts see -12.12 % EPS growth. The stock increased 0.28% or $0.06 during the last trading session, reaching $21.45. About 2.42 million shares traded or 44.40% up from the average. Tanger Factory Outlet Centers, Inc. (NYSE:SKT) has declined 31.59% since April 25, 2017 and is downtrending. It has underperformed by 43.14% the S&P500.

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Ratings Coverage

Among 5 analysts covering Tanger Factory (NYSE:SKT), 0 have Buy rating, 2 Sell and 3 Hold. Therefore 0 are positive. Tanger Factory had 5 analyst reports since November 3, 2017 according to SRatingsIntel. The rating was upgraded by Bank of America to “Neutral” on Thursday, November 9. Citigroup maintained the shares of SKT in report on Friday, November 10 with “Sell” rating. The company was upgraded on Friday, November 3 by Boenning & Scattergood. The stock of Tanger Factory Outlet Centers, Inc. (NYSE:SKT) has “Hold” rating given on Friday, December 22 by Jefferies. Evercore downgraded the shares of SKT in report on Thursday, February 15 to “Underperform” rating.

Tanger Factory Outlet Centers, Inc. , is a publicly-traded REIT headquartered in Greensboro, North Carolina that operates and owns, or has an ownership interest in, a portfolio of 44 upscale outlet shopping centers. The company has market cap of $2.12 billion. Tanger's operating properties are located in 22 states coast to coast and in Canada, totaling approximately 15.3 million square feet leased to over 3,100 stores operated by more than 510 different brand name companies. It has a 30.34 P/E ratio. The Firm has more than 36 years experience in the outlet industry.

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) Institutional Positions Chart

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