TGT at a glance
Target Corporation (TGT, SEC CIK 27419) filed its latest 10-K annual report on March 11, 2026, a 10-Q quarterly report on August 28, 2026, an 8-K current report on August 19, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended January 31, 2026 (FY2026), Target Corporation (TGT) reported revenue of $104.8 billion (down 1.7% from FY2025) and net income of $3.7 billion. Diluted EPS was $8.13.
- As of June 30, 2026, 60 institutional investment managers tracked by SignalX reported holding Target Corporation (TGT) shares worth $28.3 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Cornell Brian C on August 25, 2026 of 50,000 shares at $163.56 per share.
- In the last 90 days, TGT insiders reported 0 open-market purchases ($0) and 3 open-market sales ($11.0M) on Form 4, a net sale of $11.0M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2026
- $104.8B
- −1.7% vs prior year
- Insiders · 90 days
- 0 buys · 3 sells
- Net −$11.0M
- 13F holders
- 60 funds
- $28.3B · +1 vs prior quarter
- Latest 8-K
- Aug 19, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Jan 31, 2026
Business Overview
- Single-segment omnichannel retailer; stores fulfill >97% of total Merchandise Sales, serving as both destinations and fulfillment hubs
- Net Sales declined to $104.8B in fiscal 2025, down from $106.6B in 2024 and $107.4B in 2023: three consecutive years of contraction
- Major leadership transition: Brian Cornell stepped down as CEO in February 2026; Michael Fiddelke elevated from COO to CEO; multiple C-suite roles reshuffled simultaneously
- Ulta Beauty shop-in-shop partnership terminated by mutual agreement; commercial operating agreement expires August 2026
- ~30% of Merchandise Sales from owned/exclusive brands; ~50% of merchandise sourced outside U.S., with China as largest import origin amid active tariff mitigation strategies
Risk Factors
- IEEPA tariff ruling (Feb 2026 Supreme Court) invalidated tariff authority; replacement Section 122 tariffs imposed, with ~50% of merchandise sourced outside U.S. and China as largest single import source
- AI-enabled competitive disruption risk: rivals deploying AI for consumer-facing platforms and internal ops; lowered barriers enabling new entrants to retail market
- Owned/exclusive brands (~30% of merchandise sales, higher margins) face amplified tariff and supply chain exposure due to longer lead times and earlier ownership in supply chain
- Shipt subsidiary faces ongoing legal challenges to independent contractor worker classification that could materially raise digital fulfillment costs
- IRS actively auditing intercompany transfer pricing for fiscal years 2021 and 2022, with potential for significant deviation from recorded tax amounts
Management Discussion & Analysis
- Net sales $104.8B, down $1.8B (-1.7% YoY); comparable sales -2.6% on -2.2% traffic and -0.4% avg transaction
- Operating margin 4.9% vs 5.2% prior year; gross margin 27.9% vs 28.2%; adjusted operating margin 4.6% vs 5.2%
- Digital channel bright spot: digitally originated comparable sales +3.1% vs store-originated -4.0%; digital mix 20.6% of merch sales vs 19.6%
- Operating cash flow $6.6B vs $7.4B; capex guidance ~$5B for 2026; dividends $2.1B ($4.52/share); buybacks cut to $0.4B from $1.0B
- Key risks: IEEPA tariff ruling with unquantified recovery potential; new Feb 2026 tariffs; ~50% of merchandise sourced outside U.S. with China as largest import source
AI summary of the TGT 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Aug 1, 2026
Management Discussion & Analysis
- Net sales $26.539B, up 5.3% YoY, driven by 3.8% comparable sales and 20.1% non-merchandise sales growth
- Operating margin 9.6% vs 5.2% YoY; gross margin 33.7% vs 29.0%, including 3.7-point tariff-refund benefit
- Digital comparable sales up 8.7% versus stores-originated comparable sales up 2.7%
- Cash $5.4B; operating cash flow $4.5B versus $2.4B YoY; investing cash used $2.4B versus $1.9B
- Tariff uncertainty and evolving tariffs, refunds, sourcing, pricing, and consumer responses may materially affect future results
Risk Factors
- No material risk-factor changes disclosed; filing refers readers to the January 31, 2026 Form 10-K
- Share-repurchase authorization: $8.3 billion remaining under the $15 billion program as of August 1, 2026
- No new regulatory, legal, compliance, operational, competitive, or financial risks identified in the provided section
AI summary of the TGT 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Target released financial results for the three months ended August 1, 2026
- Exhibit 99 contains the detailed earnings release and operating performance information
Item EX-99.1: Item EX-99.1
- Q2 net sales $26.5B, up 5.3%, with comparable sales up 3.8% and traffic up 3.6%
- Digital comparable sales rose 8.7%, led by same-day delivery growth above 25%; store comparables increased 2.7%
Item 1.01: Entry into a Material Definitive Agreement
- $4.0B unsecured revolving credit facility provides Target substantial liquidity and financial flexibility
- Commitment expandable by up to $1.0B, subject to conditions
Item 1.02: Termination of a Material Definitive Agreement
- Target terminated its prior $3.0 billion revolving credit agreement on August 14, 2026
- Replacement credit agreement entered concurrently, preserving liquidity access with substantially similar material terms
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Joe DePinto joins Target’s board effective August 1, 2026
- Former 7-Eleven CEO adds retail and consumer leadership experience
AI summaries of TGT 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for TGT
Don't miss the next TGT filing
- Alerts as it files. A push when TGT files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut TGT, by share count.
- Ask anything. An AI agent that reads every TGT filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| WEINSTEIN MARK A. | A | Sep 30, 2026 | 23,787 | - |
| Lee James | F | Sep 30, 2026 | 7,636 | $157.94 |
| WEINSTEIN MARK A. | A | Sep 30, 2026 | 2,142 | - |
| Cornell Brian C | Sell | Aug 25, 2026 | 50,000 | $163.56 |
| Kremer Melissa K | Sell | Aug 24, 2026 | 15,500 | $169.96 |
| LIEGEL MATTHEW A | Sell | Aug 21, 2026 | 926 | $163.51 |
| DePinto Joseph Michael | A | Aug 3, 2026 | 1,007 | - |
| McGee Grant B | A | Jun 30, 2026 | 4,127 | - |
Financial SummaryXBRL
| Metric | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Profitability | |||
| Revenue | $107.4B | $106.6B | $104.8B |
| Operating Income | $5.7B | $5.6B | $5.1B |
| Net Income | $4.1B | $4.1B | $3.7B |
| Op. Margin | 5.3% | 5.2% | 4.9% |
| Net Margin | 3.9% | 3.8% | 3.5% |
| Balance Sheet | |||
| Total Assets | - | $57.8B | $59.5B |
| Equity | - | $14.7B | $16.2B |
| ROE | - | 27.9% | 22.9% |
| Per Share | |||
| EPS | $8.94 | $8.86 | $8.13 |
| Cash Flow | |||
| Operating CF | - | $7.4B | $6.6B |
| CapEx | - | $2.9B | $3.7B |
Source: XBRL data in Target Corporation (TGT)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate TGT share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 60 | $28.30B |
| Q1 2026 | 59 | $25.98B |
| Q4 2025 | 54 | $22.14B |
| Q3 2025 | 55 | $20.34B |
| Q2 2025 | 54 | $21.39B |
| Q1 2025 | 52 | $17.96B |
| Q4 2024 | 48 | $20.37B |
| Q3 2024 | 46 | $13.71B |
- FMR LLC (Fidelity)+4.73M (+24%)
- BNY Mellon+3.37M (+112%)
- Goldman Sachs Group+1.06M (+20%)
- BlackRock+787.8K (+2%)
- Dimensional Fund Advisors+445.1K (+8%)
- D.E. Shaw & Co−4.83M (-61%)
- Citadel Advisors LLC−1.54M (-55%)
- State Street Corp−1.44M (-4%)
- Millennium Management−1.36M (-79%)
- Ameriprise Financial−483.7K (-31%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 428 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
TGT filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 10-Q | Aug 28, 2026 | Aug 1, 2026 | Analysis | |
| 4 | Aug 27, 2026 | - | - | - |
| 4 | Aug 26, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 8-K | Aug 19, 2026 | - | Analysis | - |
| 8-K | Aug 14, 2026 | - | Analysis | - |
| SC 13G | Aug 6, 2026 | - | - | |
| 4 | Aug 4, 2026 | - | - | - |
| 8-K | Jul 22, 2026 | - | Analysis | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jun 30, 2026 | - | - | - |
| 8-K | Jun 12, 2026 | - | Analysis | - |
| 4 | Jun 1, 2026 | - | - | |
| 10-Q | May 29, 2026 | May 2, 2026 | Analysis | |
| 4 | May 28, 2026 | - | - | |
| 8-K | May 20, 2026 | - | Analysis | |
| SC 13G | Apr 30, 2026 | - | - | |
| 4 | Apr 9, 2026 | - | - | - |
| 4 | Apr 9, 2026 | - | - | - |
| 4 | Apr 9, 2026 | - | - | - |
| 4 | Apr 9, 2026 | - | - | - |
| 4 | Apr 9, 2026 | - | - | - |
| 4 | Apr 9, 2026 | - | - | - |
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TGT SEC filings: frequently asked questions
Are TGT insiders buying or selling?
In the last 90 days, Target Corporation (TGT) officers, directors and 10% owners reported no open-market purchases and 3 open-market sales worth $11.0 million by 3 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold TGT stock?
As of June 30, 2026, the largest Target Corporation (TGT) holders among the 13F filers tracked by SignalX were BlackRock ($5.1 billion), State Street Corp ($4.7 billion), Vanguard Capital Management LLC ($3.9 billion), FMR LLC (Fidelity) ($3.2 billion), Vanguard Portfolio Management LLC ($2.9 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was TGT's revenue in fiscal year 2026?
For the fiscal year ended January 31, 2026 (FY2026), Target Corporation (TGT) reported revenue of $104.8 billion (down 1.7% from FY2025) and net income of $3.7 billion. Diluted EPS was $8.13. The figures come from the XBRL data in the 10-K.
What are the main risks in TGT's latest 10-K?
In the 10-K filed March 11, 2026, Target Corporation (TGT) flagged: IEEPA tariff ruling (Feb 2026 Supreme Court) invalidated tariff authority; replacement Section 122 tariffs imposed, with ~50% of merchandise sourced outside U.S. and China as largest single import source. AI-enabled competitive disruption risk: rivals deploying AI for consumer-facing platforms and internal ops; lowered barriers enabling new entrants to retail market. (AI summary of the Risk Factors section.)
What did TGT report in its latest 8-K?
Target Corporation (TGT) filed an 8-K on August 19, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Target released financial results for the three months ended August 1, 2026.
What are the latest TGT SEC filings?
Target Corporation (TGT) filed its latest 10-K annual report on March 11, 2026, a 10-Q quarterly report on August 28, 2026, an 8-K current report on August 19, 2026 and a Form 4 insider filing on October 2, 2026.
What is TGT's SEC CIK number?
Target Corporation (TGT)'s SEC Central Index Key (CIK) is 27419. EDGAR lists every TGT filing under that number.
Ask anything about TGT
The research agent reads TGT's filings, financials, insider trades and 13F holders, then answers with sources.