TARGET CORP (TGT) received a Rule 144 notice covering a proposed sale of restricted securities held for the account of Matthew A. Liegel. The notice relates to 926 shares of Target common stock to be sold through Fidelity Brokerage Services LLC on the NYSE, with an indicated aggregate market value of $151,410.26 as of 08/21/2026. These shares were acquired from the issuer on 04/07/2026 via Restricted Stock Vesting as compensation.
Target Corporation (TGT) reported strong second quarter 2026 results, with net sales of $26.5 billion, up 5.3% year over year, driven by 3.8% comparable sales growth and a 3.6% increase in traffic. Both channels contributed, as store comparable sales rose 2.7% and digital comparable sales grew 8.7%, led by more than 25% growth in same-day delivery. All six core merchandising categories posted higher sales, including double-digit growth in Fun 101 and high single-digit growth in Food & Beverage and Beauty, while non‑merchandise sales grew over 20%.
Second quarter GAAP and Adjusted EPS were $4.11, up about 100% from $2.05 a year ago, aided by $994 million of pretax tariff refunds that added $752 million to net earnings and $1.65 to EPS; excluding these refunds, EPS increased about 20%. Operating income nearly doubled to $2.56 billion with a 9.6% margin versus 5.2% last year, and gross margin improved to 33.7%. Management raised full‑year 2026 guidance to around 5% net sales growth, an operating income margin rate around 6%, and GAAP and Adjusted EPS of $9.90–$10.90, including the $1.65 tariff benefit.
Target Corporation entered into a new Five-Year Credit Agreement providing a $4.0 billion unsecured revolving credit facility with a syndicate of banks led by Bank of America as administrative agent. Target may increase lender commitments by up to an additional $1.0 billion, subject to specified conditions. The facility currently expires on August 14, 2031, and can be extended twice for one year each under the agreement’s extension options. Borrowings will bear interest at rates that vary based on the type of loan and Target’s debt ratings, and the agreement includes customary representations, covenants, and a financial covenant on the leverage ratio of Target and its subsidiaries, along with standard events of default that can result in acceleration of obligations.
In connection with this facility, Target terminated its prior $3.0 billion five-year credit agreement dated October 18, 2021, and its $1.0 billion 364-day credit agreement dated October 9, 2025, both of which had terms and conditions substantially similar to the new facility.
FMR LLC filed a Schedule 13G reporting beneficial ownership of 24,656,695.28 shares of TARGET CORP common stock, representing 5.4% of the class as of 06/30/2026. FMR LLC has sole voting power over 19,021,486.45 shares and sole dispositive power over 24,656,695.28 shares.
Abigail P. Johnson is also reported as a beneficial owner with sole dispositive power over the same 24,656,695.28 shares but no voting power. One or more other persons may receive dividends or sale proceeds, but no such person holds more than five percent of the outstanding common stock.
DePinto Joseph Michael reported acquisition or exercise transactions in this Form 4 filing.
Target Corp director Joseph Michael DePinto received an equity grant of 1,007 restricted stock units on August 3, 2026, under the Target Corporation 2020 Long-Term Incentive Plan. Following this award, he directly holds 1,007 shares reported as common stock.
Target Corp director Joseph Michael DePinto filed an initial statement of insider status on Form 3. The report identifies him as a director and does not list any equity transactions or holdings. Remarks reference Exhibit 24 - Power of Attorney authorizing certain filing actions.
Target Corporation elected Joe DePinto to its Board of Directors on July 18, 2026, with his service effective August 1, 2026. He will serve on the Audit & Risk Committee and the Infrastructure & Finance Committee, and will receive Target’s standard annual compensation for non-employee directors as described in its 2026 proxy statement.
DePinto, 63, is the former president and chief executive officer of 7‑Eleven, Inc., a role he held from 2005 to December 2025, and previously served as president of GameStop Corporation and in leadership roles at PepsiCo. He currently serves on the board of Brinker International. Target states there are no arrangements or understandings related to his selection and no related person transactions under Item 404(a) of Regulation S‑K. A company news release highlights his experience in operations, loyalty, fresh food and omnichannel capabilities as supporting Target’s next phase of growth under CEO Michael Fiddelke.
Target Corporation executive Grant B. McGee reported equity awards of common stock-based units as compensation. On June 30, 2026, he acquired 15,282 performance-based restricted stock units under the Target Corporation 2020 Long-Term Incentive Plan. This amount is the minimum number of shares deliverable after vesting conditions are met and the award vests three years after the grant date.
He also received a separate award of 4,127 restricted stock units under the same 2020 Long-Term Incentive Plan. Following the first award, his direct common stock holdings were reported as 19,409 shares. These are compensation-related grants, not open‑market share purchases or sales.
Target Corp executive Lisa R. Roath reported an open-market sale of Common Stock. On June 29, 2026, she sold 7,000 shares at $138.07 per share.
After this transaction, she directly holds 35,465 Target shares. A footnote notes that her holdings include dividend equivalents on restricted stock units and performance-based restricted stock units that have been reinvested in additional units since her prior filing.
TGT-related Form 144 notice: An affiliate, Fidelity Brokerage Services LLC, submitted a Form 144 indicating an intended sale of 7,000 shares of Common Stock for an aggregate of $966,490.70 on 06/29/2026 on the NYSE. The filing also lists multiple Restricted Stock Vesting entries on various dates, shown as grant/vesting quantities.