Tanger (SKT) Stock Analysis & Forecast

Oct 12 close

$35.24+0.16 (+0.5%)

Gekko Brief

AI summaryOct 12 close

This week's news around Tanger centers on store-level expansion and upcoming earnings. Build-A-Bear Workshop is opening a new location at Tanger Outlets near Columbus, Ohio, adding to the center's family-oriented retail mix. Separately, Tanger confirmed it will report third-quarter 2026 results on 4 November, following a Q2 in which revenue reached $156.39 million and diluted EPS came in at $0.29, with full-year FFO guidance raised. Commentary also noted the stock's 17% decline from its 52-week high, a valuation of 14.1x FFO versus the sector median, and a "Hold" rating, alongside a mention in a broader industry outlook piece covering Simon Property and Realty Income.

Tanger closed at $35.24, down 3.1% over one month and 11.6% over three months, though still up 7.7% over the past year. The price sits between its 50-day average of $36.98 and 200-day average of $36.55. The GekkoIndex reads 62.8, placing the stock in the Accumulation zone, while the price stands 15.5% below Gekko Fair Value of $41.71.

Earnings are scheduled for 4 November, 22 days out and within a typical 20-trading-day holding window; the prior report showed core FFO of $0.63 per share against a $0.26 estimate, with a 5.6% reaction. Seasonality over the past 5 years has averaged a 13.8% move across the next 20 trading days, rising in all 5 instances. No insider, Congress or unusual options activity appears in the current window. Analyst consensus across 7 firms shows a target of $40.40.

Written by AI from the Oct 12, 2026 close and checked automatically against the figures on this page.

Tanger price vs fair value

$41.71$35.24Oct ’25Apr ’26Oct ’26
Close $35.24200-day averageGekko Fair Value $41.71

Tanger quick facts

Market cap
$4.05B
P/E ratio
31.8
Forward P/E
31.3
EPS, TTM
$1.09
Revenue, TTM
$627.7M
Profit margin
20.2%
Dividend yield
3.50%
Beta
1.10
Volume
761,343 avg 1.00M
1-year return
+7.7%
Typical daily move
±1.8%
Typical 20-day move
±4.7%
50-day average
$36.98
200-day average
$36.55
Next earnings
Nov 4 before open
Shares outstanding
114.9M
52-week range
$31.13$42.53

Tanger swing-trade checklist

Tanger scores 3 supportive, 1 mixed and 1 headwind across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive1 mixed1 headwind

  • Trendmixed

    Averages disagree

    Close $35.24 sits between the 50-day ($36.98) and 200-day ($36.55) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    62.8, Accumulation

    Reading 62.8 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    15.5% below

    Price is 15.5% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings riskheadwind

    Reports in 23 days

    Reports on Nov 4, 2026, 23 days away — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +13.8% on average

    From this point in the calendar, the next 20 trading days averaged +13.8% over 5 years, rising in 5 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Tanger stock chart and price history

Tanger closed at $35.24 on Oct 12, 2026, +7.7% over the past year, inside a 52-week range of $31.13 to $42.53.

Close50-day average200-day averageVolume
Tanger share price, past year, with 50-day and 200-day moving averages and volume$32$34$36$38$40$42NovDecJan 2026FebMarAprMayJunJulAugSepOct35.24

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−3.1%
3 months
−11.6%
6 months
−3.2%
1 year
+7.7%
The full SKT chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open SKT in Gekko

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About Tanger

Tanger owns and runs outlet centers and open-air shopping properties, drawing on more than four decades of work in retail real estate. Its holdings include 38 outlet centers, one managed property nearby, and an open-air lifestyle center, together totaling over 15 million square feet of retail space. The company is known for placing these centers in popular tourist areas and active markets.

The properties span 20 U.S. states and Canada, hosting over 3,000 stores operated by more than 700 different brand-name retailers. Tanger has operated as a publicly traded Real Estate Investment Trust since 1993, generating income from the retail space it leases to these tenants.

Tanger's shares trade under the ticker SKT.

Sector
Finance
Website
tanger.inc

Tanger GekkoIndex: the smart money zone

Tanger’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 62.8, in the Accumulation zone, down 6.4 points over five sessions.

010062.8Accumulation

Down 6.4 points over five sessions.

Reading for Oct 12, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying29−0.4%−1.9%−2.2%−2.7%
Accumulation (current zone)205+0.7%+1.2%+2.2%+4.7%
Neutral3760.0%+0.2%+0.6%+2.5%
Distribution25−0.6%−1.0%−2.3%−2.8%
Selling0Not available

Average SKT share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.2% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the SKT price, zone by zone.Track SKT in Gekko

Is Tanger stock overvalued? Gekko Fair Value

Tanger trades 15.5% below Gekko Fair Value of $41.71, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Tanger shares are worth, recalculated every trading day.

$41.71

Gekko Fair Value, Oct 10, 2026

15.5% Undervalued

At the end of Aug 2026 the price was 16.6% below the estimate.

Gekko Fair ValueShare price, month end
$42$35Aug 2026SepOct 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open SKT in Gekko

Tanger insider and Congress trading

No open-market insider purchases were filed for Tanger, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for SKT in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every SKT insider filing, plotted on the chart in Gekko.Open SKT in Gekko

Congress trades last 90 days

No trades in SKT were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for SKT, plotted on the chart in Gekko.Open SKT in Gekko

Buybacks

Tanger has been buying back its own shares.

Bought back, quarter ended Jun 30, 2026
$20.00M
As a share of market cap
0.49%

From company filings.

Tanger earnings: next date and track record

Tanger reports on Nov 4, 2026, before the open (23 days away), and beat the EPS estimate in 6 of its last 8 reports.

6 of 8reports beat the EPS estimate
±4.6%average move across the report
6 of 8reports followed by a gain

Share-price move across each report

+5.9%Nov ’24+2.0%Feb ’25+3.5%Feb ’25−2.2%Apr ’25−4.7%Apr ’25+9.4%Aug ’25+3.4%Nov ’25+5.6%Feb ’26

Last earnings call, Feb 24, 2026 AI summary

What they said
Tanger Inc. reported Q4 2025 core FFO of $0.63/share, up 7.17% year-over-year, with full-year core FFO growing 9% and exceeding guidance. Record leasing volume surpassed 3 million square feet, with year-end occupancy at 98.1% (+70bps sequentially). Tenant sales productivity reached $473/sq ft (+7% YoY) with OCR at 9.7%. Strategic initiatives include acquisitions integration, peripheral land activation, and food/entertainment additions driving NOI growth.
Guidance
Management expressed confidence in continued growth, with over 40% of 2026 lease expirations already addressed as of January. Favorable market conditions—limited new retail development, department store consolidation, and population growth in key markets—are expected to sustain leasing demand and NOI growth.
ReportedEPSSurpriseRevenueSurpriseMove
Feb 24, 2026$0.63
est $0.26
+145.6%$151.0M
est $143.1M
+5.5%+5.6%
Nov 4, 2025$0.60
est $0.58
+3.4%$145.2M
est $145.9M
−0.5%+3.4%
Aug 4, 2025$0.58
est $0.56
+3.6%$140.7M
est $138.8M
+1.3%+9.4%
Apr 30, 2025$0.53
est $0.53
0.0%$135.4M
est $128.2M
+5.6%−4.7%
Apr 28, 2025$0.20
est $0.22
−5.8%$135.4M
est $128.2M
+5.6%−2.2%
Feb 19, 2025$0.54
est $0.52
+3.8%$140.7M
est $129.1M
+9.0%+3.5%
Feb 13, 2025$0.23
est $0.20
+12.5%——+2.0%
Nov 6, 2024$0.54
est $0.53
+1.9%$133.0M
est $128.4M
+3.6%+5.9%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Tanger stock forecast and analyst price targets

Analysts’ average 12-month price target for Tanger is $40.40, +14.6% from the last close, from 7 firms rating the stock in the last 90 days.

$40.40consensus 12-month target, +14.6% from the last close
Low $37High $41
Buy1
Hold5
Sell1

Each firm’s latest rating in the last 90 days: 7 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Oct 7Goldman SachsBuy, reiterated$40+13.5%
Sep 28BarclaysHold, maintained$41+16.3%
Sep 24J.P. MorganHold, downgraded$39+10.7%
Sep 21Evercore ISIHold, maintained$37+5.0%
Aug 18Evercore ISIHold, maintained$39+10.7%
+2.2%average 20-day move after past Accumulation readings
+13.8%average move over the next 20 trading days in the last 5 years
±1.8%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Tanger seasonality: the next 20 trading days

Over the next 20 trading days from Oct 10, Tanger averaged +13.8% across the last 5 years, rising in 5 of them.

Next 20 trading days, by year

+25.5%2021+28.4%2022+6.7%2023+5.7%2024+8.3%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+4.9%5 of 5
Next 10 trading days+5.9%4 of 5
Next 15 trading days+6.3%4 of 5
Next 20 trading days+13.8%5 of 5
Next 30 trading days+16.6%5 of 5

For scale, SKT’s typical 20-trading-day move in either direction is about 4.7%.

Tanger market cap and key statistics

Tanger’s market cap is $4.05B, with a P/E ratio of 31.8 and revenue of $627.7M over the last twelve months.

Valuation

Market cap
$4.05B
P/E ratio
31.8
Forward P/E
31.3
EPS, TTM
$1.09
Gekko Fair Value
$41.71

Trading

Volume
761,343
Avg volume, 20 days
1.00M
52-week high
$42.53
52-week low
$31.13
Shares outstanding
114.9M

Financials

Revenue, TTM
$627.7M
Profit margin
20.2%
Return on equity
19.4%
Quarterly earnings growth, YoY
+10.8%

Risk and income

Beta
1.10
Typical daily move
±1.8%
Typical 20-day move
±4.7%
Dividend yield
3.50%

Tanger stock news this week

Coverage of Tanger this week reads positive: 3 positive, 0 neutral and 1 negative headlines.

News sentiment positive

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Reporting earnings this week

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Tanger stock FAQ

What is Tanger’s market cap?

Tanger’s market cap is $4.05B at the Oct 12, 2026 close of $35.24, with 114.9M shares outstanding. The shares trade on a P/E ratio of 31.8.

What is the Tanger stock forecast?

The consensus analyst 12-month price target for Tanger is $40.40, +14.6% from the last close. Of the 7 firms that rated the stock in the last 90 days, 1 rate it a buy, 5 a hold and 1 a sell. Gekko doesn’t publish price predictions of its own.

Is Tanger stock overvalued or undervalued?

On Gekko’s estimate Tanger is undervalued: the Oct 12, 2026 close of $35.24 is 15.5% below Gekko Fair Value of $41.71. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Tanger report earnings next?

Tanger is expected to report on Nov 4, 2026, before the market opens (23 days away). Analysts expect earnings of $0.27 per share on revenue of $148.7M. Tanger beat the earnings estimate in 6 of its last 8 reports, moving 4.6% on average across the report.

What is Tanger’s 52-week high and low?

Tanger’s 52-week high is $42.53 and its 52-week low is $31.13; it closed at $35.24 on Oct 12, 2026, +7.7% over the past year.

Is Tanger stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (gekkoindex, fair value and seasonality), 1 as mixed (trend) and 1 as a headwind (earnings risk). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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