tanger factory outlet centers, inc.(nyse:skt), is a publicly-traded reit headquartered in greensboro, north carolina. tanger’s portfolio of outlet centers has continued to expand and today includes 46 outlet centers in 24 states coast to coast and in canada. savvy outlet shoppers look to tanger outlet centers for the biggest selection of first-quality, in-season merchandise, for the latest fashion trends from their favorite brand name and designer outlet stores and so much more. because consumer love shopping and saving direct from the manufacturer, tanger centers are major tourist attractions that welcome more than 180 million brand name bargain hunters annually. america knows the value of shopping tangerstyle. for more information on tanger visit our web site at www.tangeroutlet.com. if you are interested in a career with tanger, please visit our careers page: http://www.tangeroutlet.com/company/careers.aspx
Company profile
Ticker
SKT
Exchange
Website
CEO
Stephen Yalof
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
TANGER FACTORY OUTLET CENTERS INC, TANGER FACTORY OUTLET CENTERS, INC
SEC CIK
Corporate docs
IRS number
561815473
SKT stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
15 Apr 24
ARS
2023 FY
Annual report to shareholders
4 Apr 24
DEFA14A
Additional proxy soliciting materials
4 Apr 24
DEF 14A
Definitive proxy
4 Apr 24
10-K
2023 FY
Annual report
21 Feb 24
8-K
Earnings Release and Supplemental Operating and Financial Data for the Table of Contents
15 Feb 24
8-K
Departure of Directors or Certain Officers
3 Jan 24
S-8
Registration of securities for employees
28 Dec 23
8-K
Departure of Directors or Certain Officers
18 Dec 23
8-K
Other Events
6 Dec 23
Transcripts
SKT
Earnings call transcript
2023 Q4
16 Feb 24
SKT
Earnings call transcript
2023 Q3
7 Nov 23
SKT
Earnings call transcript
2023 Q2
4 Aug 23
SKT
Earnings call transcript
2023 Q1
28 Apr 23
SKT
Earnings call transcript
2022 Q4
22 Feb 23
SKT
Earnings call transcript
2022 Q3
3 Nov 22
SKT
Earnings call transcript
2022 Q2
9 Aug 22
SKT
Earnings call transcript
2022 Q1
6 May 22
SKT
Earnings call transcript
2021 Q4
18 Feb 22
SKT
Earnings call transcript
2021 Q3
2 Nov 21
Latest ownership filings
4
Michael J Bilerman
18 Mar 24
4
Thomas Joseph Guerrieri JR
18 Mar 24
4
Gallardo Leslie Swanson
18 Mar 24
4
Justin C Stein
18 Mar 24
4
Stephen Yalof
18 Mar 24
4
Thomas Joseph Guerrieri JR
13 Mar 24
144
Notice of proposed sale of securities
12 Mar 24
4
SUSAN E SKERRITT
4 Mar 24
144
Notice of proposed sale of securities
29 Feb 24
4
Thomas Joseph Guerrieri JR
28 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 188.46 mm | 188.46 mm | 188.46 mm | 188.46 mm | 188.46 mm | 188.46 mm |
Cash burn (monthly) | 8.18 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 54.40 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 134.06 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 16.4 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
81.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 281 |
Opened positions | 36 |
Closed positions | 22 |
Increased positions | 89 |
Reduced positions | 99 |
13F shares | Current |
---|---|
Total value | 2.00 tn |
Total shares | 89.28 mm |
Total puts | 1.65 mm |
Total calls | 1.60 mm |
Total put/call ratio | 1.0 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 18.88 mm | $426.59 bn |
Vanguard | 17.06 mm | $385.65 bn |
STT State Street | 6.54 mm | $147.91 bn |
FMR | 4.32 mm | $97.53 bn |
Wellington Management | 3.95 mm | $89.35 bn |
LSV Asset Management | 2.39 mm | $53.93 bn |
Geode Capital Management | 2.31 mm | $52.30 bn |
AMP Ameriprise Financial | 1.93 mm | $43.54 bn |
Charles Schwab Investment Management | 1.87 mm | $42.22 bn |
NTRS Northern Trust | 1.48 mm | $33.52 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Mar 24 | Michael J Bilerman | Common Stock | Payment of exercise | Dispose F | No | No | 28.42 | 6,302 | 179.10 k | 180,891 |
15 Mar 24 | Thomas Joseph Guerrieri JR | Common Stock | Payment of exercise | Dispose F | No | No | 28.42 | 1,141 | 32.43 k | 62,641 |
15 Mar 24 | Gallardo Leslie Swanson | Common Stock | Payment of exercise | Dispose F | No | No | 28.42 | 2,993 | 85.06 k | 103,296 |
15 Mar 24 | Justin C Stein | Common Stock | Payment of exercise | Dispose F | No | No | 28.42 | 1,867 | 53.06 k | 37,863 |
15 Mar 24 | Stephen Yalof | Common Stock | Payment of exercise | Dispose F | No | No | 28.42 | 12,034 | 342.01 k | 729,416 |