Welcome to our dedicated page for Target SEC filings (Ticker: TGT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Target Corporation (NYSE: TGT) SEC filings page on Stock Titan provides investors with access to the company’s official regulatory disclosures filed with the U.S. Securities and Exchange Commission. As a Minnesota-incorporated issuer with Commission File Number 1-6049, Target reports material events, financial results and financing arrangements through forms such as the Form 8-K, Form 10-Q and Form 10-K.
Recent Form 8-K filings referenced in available information include reports of quarterly financial results and the entry into a 364-Day Credit Agreement. In one filing, Target describes a credit facility with a group of banks, including the aggregate principal commitment, interest rate structure, covenants and events of default, and notes that this agreement replaces a prior 364-day facility. Other 8-Ks report the release of financial results for specified fiscal quarters and attach the related news releases as exhibits.
Another Form 8-K details leadership succession plans, stating that Target’s Board of Directors appointed Michael J. Fiddelke as the company’s next Chief Executive Officer and a member of the Board, effective on a future date, with the existing Chief Executive Officer expected to transition to an Executive Chair role. This type of filing helps investors track changes in Target’s senior leadership and governance.
On Stock Titan, Target’s filings are presented with AI-powered summaries designed to explain the key points of lengthy documents in clear language. Investors can review annual reports on Form 10-K for a comprehensive view of Target’s business and risk factors, quarterly reports on Form 10-Q for interim financial updates, and current reports on Form 8-K for significant events such as earnings releases, credit agreements and leadership changes. The filings page also surfaces real-time updates from the SEC’s EDGAR system, helping users see new disclosures as they become available.
In addition to periodic and current reports, investors can use this page to locate exhibits referenced in filings, such as credit agreements or news releases, and to understand how Target manages its capital structure, liquidity and governance. By combining official SEC documents with AI-generated highlights, the Target SEC filings page offers a structured way to follow the regulatory record behind the TGT stock.
Target Corp executive Lisa R. Roath reported routine tax-related share dispositions tied to equity compensation. On an award vesting, a total of 364 shares of Target common stock were withheld on March 9, 2026 at $117.95 per share to satisfy tax obligations, rather than being sold in the open market. After these tax-withholding dispositions, she directly owned 15,897 Target shares. The footnotes explain these arose from restricted stock units granted under the Target Corporation 2020 Long-Term Incentive Plan.
Target Corporation executive Brian C. Cornell reported an open-market sale of 50,000 shares of Target common stock on March 10, 2026, executed indirectly through a trust. The shares were sold at a volume-weighted average price of $121.7605, with actual prices ranging from $121.3200 to $122.2500.
Following this sale, the trust held 196,453 Target shares. Separate from the trust, Cornell held 112,016 shares directly and 491.2567 shares through the Target Corporation 401(k) Plan based on the plan statement as of December 31, 2025. The filing shows a net reduction of 50,000 shares in his indirectly held position while maintaining a substantial overall stake in the company.
TGT: Notice of proposed sale of 50,000 common shares. The filing lists 50,000 common shares associated with Pershing Advisor Solutions and an aggregate dollar amount of $6,000,000.00, with a filing date of 03/10/2026. The excerpt also lists prior restricted stock vesting events of 7,725, 27,652, and 14,623 shares on 03/08/2023, 04/04/2023, and 03/13/2024 respectively.
Target Corp director John R. Hoke III filed an initial ownership report, showing indirect holdings of Target common stock. The filing lists 50 shares of common stock held indirectly "By Spouse," reflecting family-related beneficial ownership rather than a new market transaction.
Target Corporation reported softer results for fourth quarter and full-year 2025 but outlined plans for a return to growth in 2026. Fourth quarter net sales were $30.5 billion, down 1.5%, with comparable sales down 2.5% as store traffic declined but digital comparable sales grew 1.9%.
Fourth quarter GAAP EPS was $2.30, including $0.15 of business transformation costs, and Adjusted EPS was $2.44 versus $2.41 last year. For 2025, net sales fell 1.7% to $104.8 billion, GAAP EPS declined to $8.13 from $8.86, and Adjusted EPS was $7.57, lower than $8.86 in 2024, reflecting prior-year interchange fee settlement gains and current-year transformation costs.
Gross margin improved modestly in Q4 to 26.6% on lower inventory shrink and fulfillment costs, while full-year gross margin eased to 27.9%. Operating income for 2025 fell 8.1% to $5.1 billion, and after-tax ROIC was 13.8% versus 15.4% a year earlier. Operating cash flow remained strong at $6.6 billion, funding $3.7 billion of capital spending and $2.1 billion in dividends; the company did not repurchase shares in Q4 and has $8.3 billion remaining under its authorization.
For 2026, Target expects net sales growth around 2%, an operating income margin about 20 basis points above the 4.6% Adjusted operating income margin rate in 2025, and GAAP and Adjusted EPS of $7.50–$8.50, with first-quarter EPS expected to be flat to slightly above last year’s Adjusted EPS of $1.30.
Target Corporation executive Lisa R. Roath has filed an initial statement of beneficial ownership as an executive officer. The filing reports direct ownership of 16,156 shares of Target common stock, reflecting her current holdings rather than a new purchase or sale.
Target Corporation reported that it expects fourth-quarter 2025 sales, full-year GAAP earnings per share, and full-year Adjusted earnings per share to be in line with its previously issued guidance. This indicates performance tracking to management’s earlier outlook rather than a major upside or downside surprise.
Under new CEO Michael Fiddelke, Target is also restructuring its senior leadership to support its growth strategy. Effective February 15, Cara Sylvester becomes chief merchandising officer, focusing on style, design, and merchandising capabilities, while Lisa Roath becomes chief operating officer, concentrating on operational speed, efficiency, and the shopping experience. At the same time, chief commercial officer Rick Gomez will depart and Jill Sando, chief merchandising officer for apparel and accessories, home and hardlines, will retire, both remaining briefly to support the transition. Target plans an external search for a new chief guest experience and marketing officer.
Target Corporation announced senior leadership changes. Effective February 15, 2026, longtime executive Lisa Roath will become Executive Vice President and Chief Operating Officer, with an annual base salary of $775,000. She will remain eligible for leadership-level bonuses, stock-based awards under the 2020 Long-Term Incentive Plan, and standard executive benefits.
Also effective February 15, 2026, Rick Gomez will step down as Executive Vice President and Chief Commercial Officer and move into an advisor role as a non-executive officer until April 17, 2026. During this transition, he will keep his current base salary and target bonus opportunity. He is expected to depart on April 17, 2026 under circumstances that qualify him for severance under Target’s Income Continuation Plan and partial vesting of his long-term incentive awards.
Target Corporation detailed compensation changes tied to its leadership transition. Michael J. Fiddelke became Chief Executive Officer and a Board member effective February 1, 2026. His package includes a $1.30 million annual base salary, a cash incentive target of 200% of base salary, and stock-based awards under the 2020 Long-Term Incentive Plan with a target payout value of $12.1 million, expected to be granted in March 2026. He remains an at-will employee and eligible for leadership benefits, including the Income Continuation Plan.
Brian C. Cornell stepped down as Chief Executive Officer and continues as Executive Chair of the Board. Under a February 2, 2026 letter agreement, he will receive a $1.12 million base salary, be eligible for a fiscal 2026 cash incentive with a 200% target, and receive $6.0 million in restricted stock units in March 2026. His prior equity awards continue to vest, he is no longer entitled to severance under the Income Continuation Plan, and he is anticipated to serve as executive chair or special advisor until March 13, 2027.
Target Corporation is adding two seasoned retail and design leaders to its board of directors. The board elected John R. Hoke III, age 61, as a director effective March 1, 2026, and appointed him to the Compensation & Human Capital Management Committee and the Governance & Sustainability Committee. Hoke is the former Chief Innovation Officer and earlier Chief Design Officer at NIKE, Inc. and also serves on the board of MillerKnoll, Inc.
The board also elected Stephen B. Bratspies, age 58, as a director effective April 1, 2026, and appointed him to the Audit & Risk Committee and the Infrastructure & Finance Committee. Bratspies is the former Chief Executive Officer and director of HanesBrands Inc. and previously served as Chief Merchandising Officer and in other leadership roles at Walmart Inc. Both new directors will receive Target’s standard compensation for non‑employee directors, and the filing states there are no selection arrangements or related person transactions with either individual.