No material news briefings were identified for Target Corp. in the 30-day period preceding this report's generation date of 2026-09-11. The most recently available brief, dated 2026-08-15, noted that institutional position changes across multiple prominent managers had occurred during the applicable reporting period, placing this report between Target's most recently filed quarterly data and the next anticipated filing cycle [Brief - 2026-08-15].
Target Corp.'s trailing twelve-month revenue stood at approximately $107.7 billion, reflecting year-over-year revenue growth of 5.27%. Net income for the same period was $4.39 billion, with a net margin of 4.08% and an operating margin of 5.59%. Gross margin was recorded at 19.27%. EPS grew 100.49% year-over-year on a TTM basis. The company held $5.41 billion in cash against total debt of $15.37 billion. The trailing P/E ratio was 16.17, and market capitalisation was approximately $70.7 billion as of the reporting date [SEC 10-Q - TGT - 2026-08-01].
Insider activity over the past 30 days comprised three transactions, all in the selling direction, with a combined net disposal value of approximately $10.96 million [SEC Form 4 - TGT - 2026-09]. On the institutional side, four prominent managers opened new positions in TGT during the most recent 13F reporting period: Citadel (Ken Griffin), AQR Capital (Cliff Asness), Millennium (Izzy Englander), and Bridgewater (Ray Dalio) each initiated positions not previously reported in their prior filings [SEC 13F - Citadel - Q2 2026] [SEC 13F - AQR Capital - Q2 2026] [SEC 13F - Millennium - Q2 2026] [SEC 13F - Bridgewater - Q2 2026].
The prevailing macro environment as of the report date shows the 10-year US Treasury yield (DGS10) at 4.83% and the 2-year yield (DGS2) at 4.39%, producing a normal yield curve with a spread of approximately 44 basis points [FRED DGS10] [FRED DGS2]. This rate environment represents the broader context in which Target's debt obligations of $15.37 billion and cash position of $5.41 billion are assessed.
This report was triggered by a combination of a new SEC filing, recent insider selling activity totalling approximately $10.96 million across three transactions, and material institutional position changes involving four prominent asset managers each opening new TGT positions during the Q2 2026 13F reporting cycle.