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Tanger ( (SKT) ) has shared an update.
On May 9, 2025, Tanger‘s Board of Directors approved a new share repurchase program, increasing the authorization to $200 million, replacing the previous $100 million plan set to expire on May 31, 2025. This strategic move allows flexibility in managing the company’s capital structure and potentially enhances shareholder value, although it does not obligate the company to buy back a specific amount of shares and can be adjusted or terminated as needed.
The most recent analyst rating on (SKT) stock is a Hold with a $29.00 price target. To see the full list of analyst forecasts on Tanger stock, see the SKT Stock Forecast page.
Spark’s Take on SKT Stock
According to Spark, TipRanks’ AI Analyst, SKT is a Neutral.
Tanger’s stock score reflects strong financial performance and positive earnings call insights, although technical indicators suggest limited momentum and valuation concerns. The company’s high debt level and potential overvaluation are key risks, while its strategic growth and effective cash flow management provide support for the stock’s stability.
To see Spark’s full report on SKT stock, click here.
More about Tanger
Average Trading Volume: 1,062,029
Technical Sentiment Signal: Buy
Current Market Cap: $3.42B
See more insights into SKT stock on TipRanks’ Stock Analysis page.