Why Target Corporation (TGT) Stock Is Up Today

Target Corporation (TGT) is up 5.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a strong second-quarter report that showed improving sales momentum, a higher full-year outlook, and earnings that came in well above market expectations. Investors also seem to be responding to signs that Target’s merchandising reset and traffic recovery are gaining traction, although a large tariff refund also boosted the quarter’s profit.

Details:

Target’s comparable sales rose 3.8% in the second quarter, marking its second straight quarter of comparable sales growth and suggesting the turnaround plan is improving customer demand.

Net sales increased 5.3% to about $26.5 billion, while both store traffic and digital performance improved during the quarter.

The company lifted its 2026 outlook and now expects roughly 5% sales growth, with full-year earnings per share projected in a range of $9.90 to $10.90.

Quarterly earnings were helped by a tariff refund worth $994 million, which added meaningfully to reported profit and likely made the headline results look even stronger.

Sources:

Target Corporation, AP News, SEC

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$TGT Insider Trading Activity

$TGT insiders have traded $TGT stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.

Here’s a breakdown of recent trading of $TGT stock by insiders over the last 6 months:

BRIAN C CORNELL (Executive Officer) has made 0 purchases and 2 sales selling 50,000 shares for an estimated $6,492,622.
CARA A SYLVESTER (Executive Officer) sold 10,000 shares for an estimated $1,258,905
LISA R ROATH (Executive Officer) sold 7,000 shares for an estimated $966,490
MATTHEW A LIEGEL (Chief Accounting Officer) sold 2,053 shares for an estimated $240,593

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

EARLY ACCESS

Receive TGT Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

$TGT Hedge Fund Activity

We have seen 937 institutional investors add shares of $TGT stock to their portfolio, and 930 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 15,448,336 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,017,707,164
FMR LLC added 4,729,055 shares (+23.8%) to their portfolio in Q2 2026, for an estimated $617,661,873
CURATED WEALTH PARTNERS LLC added 4,115,219 shares (+inf%) to their portfolio in Q2 2026, for an estimated $537,488,753
BANK OF NEW YORK MELLON CORP added 3,365,821 shares (+112.2%) to their portfolio in Q2 2026, for an estimated $439,609,880
TOMS CAPITAL INVESTMENT MANAGEMENT LP removed 2,635,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $315,593,950
JPMORGAN CHASE & CO added 2,284,153 shares (+inf%) to their portfolio in Q2 2026, for an estimated $298,333,223
D. E. SHAW & CO., INC. added 2,244,103 shares (+270.1%) to their portfolio in Q2 2026, for an estimated $293,102,292

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$TGT Analyst Ratings

Wall Street analysts have issued reports on $TGT in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Wolfe Research issued a "Outperform" rating on 06/23/2026

To track analyst ratings and price targets for $TGT, check out Quiver Quantitative's $TGT forecast page.

$TGT Price Targets

Multiple analysts have issued price targets for $TGT recently. We have seen 23 analysts offer price targets for $TGT in the last 6 months, with a median target of $130.0.

Here are some recent targets:

Corey Tarlowe from Jefferies set a target price of $161.0 on 06/26/2026
John Heinbockel from Guggenheim set a target price of $145.0 on 06/12/2026
Peter Benedict from Baird set a target price of $135.0 on 05/21/2026
Peter Keith from Piper Sandler set a target price of $127.0 on 05/21/2026
Steven Shemesh from RBC Capital set a target price of $153.0 on 05/21/2026
Kate McShane from Goldman Sachs set a target price of $127.0 on 05/21/2026
Scot Ciccarelli from Truist Securities set a target price of $130.0 on 05/21/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.