TARGET CORPORATION
In the published model solve dated 2026-Q2, anchored at $163.20, TARGET CORPORATION (TGT) is priced for +8.8% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 11, 2026 from SEC EDGAR filings.
• Target's first quarter of fiscal 2026 broke a five-quarter streak of comparable sales declines: comps rose 5.6 percent on 4.4 percent traffic growth and net sales of $25.44 billion grew 6.7 percent, prompting management to raise full-year sales growth guidance to about 4 percent [Source: Q1 2026 earnings release, May 20, 2026]. • The risk is durability, not solvency: the 10-K concedes that the ability to ⟦"positively differentiate ourselves from other retailers and provide compelling value to
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1,787 institutional managers reported holding TGT in 13F filings for the quarter ended 2026-03-31. Together they hold about 72% of the company; the top 10 hold 34%. 240 opened new positions that quarter. Held by BlackRock, State Street, FMR (Fidelity), among others. On the short side, 19.7M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (4.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
TGT has cut its share count 8% over the past five years, spending $10.29B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 17 years straight; the current rate is $4.54 a share annually. Cash returned over the past three years: $6.13B in dividends and $1.42B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at TGT over the trailing three years. Absence is a fact about the company, not a signal. 26 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
TGT's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2022-08-27 | -4.0% | +4.3% |
| 2022-11-24 | -9.5% | +2.2% |
| 2023-05-27 | -1.7% | -2.8% |
| 2023-08-26 | +4.0% | -12.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
TGT's latest 8-K filings: 2026-08-19 (items 2.02, 9.01); 2026-08-14 (items 1.01, 1.02, 2.03, 9.01); 2026-07-22 (items 5.02, 9.01); 2026-06-12 (items 5.02, 5.07, 9.01); 2026-05-20 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.