AlphaStar Capital Management 13F: Exits Target (TGT) Stake

AlphaStar Capital Management has sold its entire stake in Target Corporation (NYSE: TGT), reducing its holdings to zero. The fund cut 12,639 shares, reflecting a complete exit from this position in a filing on October 16, 2026.

What Changed in AlphaStar Capital Management's Target Position

AlphaStar Capital Management sold its full position of 12,639 shares in Target, resulting in a 100% decrease in its holdings. This move shows a significant change in the fund's interest in the retailer, which previously had a reported value before the sale.

Other Institutional Activity in Target

Several other institutional investors have adjusted their positions in Target recently. Blackrock Inc. grew its holdings by 788,557 shares, ending with 38,699,974 shares valued at about $5.97 billion. Meanwhile, State Street Corporation trimmed its stake, reducing its shares by 1,439,590 to 36,049,727 shares valued at roughly $5.56 billion. Vanguard Capital Management LLC also increased its position slightly by 235,270 shares, now holding 29,644,004 shares worth approximately $4.57 billion. FMR, LLC expanded its stake by 4,728,641 shares, reaching 24,630,329 shares valued at around $3.80 billion. Lastly, Vanguard Portfolio Management LLC added 192,410 shares to its holdings, totaling 22,057,164 shares worth about $3.40 billion.

Target Corporation Stock Down 1.1%

Target shares are currently trading at about $153.63 as of October 16, 2026. This recent price is below the 50-day moving average of $157.34 but above its 200-day average of $131.35. The stock is about 10% below its 52-week high of $170.75 and significantly above its low of $83.44, indicating a range of activity in the market.

Recent Earnings

Target reported a trailing twelve-month revenue of approximately $107.70 billion, with a net margin of 4.1% and an earnings per share (EPS) of $9.63. The company has experienced a revenue growth of 5.3% year-over-year. Its next earnings date is on November 18, 2026.

Dividend

Target pays an annual dividend yield of 2.96%, with a payout ratio of 47.3%.

Insider Buying and Selling at Target Corporation

Recent insider transactions include Lisa Roath, an Executive Officer, who sold 7,000 shares on June 29, 2026, at an average price of $138.07, totaling about $966,490. Matthew A Liegel, an Officer, sold 926 shares on August 21, 2026, for about $151,410. Additionally, Melissa K Kremer, another Officer, sold 15,500 shares on August 24, 2026, at an average price of $169.96, totaling around $2.63 million. Brian C Cornell, an Officer and Director, also sold 50,000 shares on August 25, 2026, at $163.56, worth about $8.18 million.

Analysts Set New Price Targets

On August 20, 2026, analysts at Telsey Advisory Group maintained an 'Outperform' rating with a price target of $182.00. Citigroup and Goldman Sachs also maintained their 'Neutral' ratings with targets of $160.00 and $161.00, respectively. HSBC upgraded its rating to 'Buy' on September 30, 2026, with a target of $190.00. The consensus recommendation from analysts for Target remains a 'buy' with an average target price of $163.35.

About Target Corporation

Target Corporation operates as a general merchandise retailer in the United States, offering a wide range of products, including apparel, jewelry, and beauty items. The company is headquartered in Minneapolis, Minnesota, and employs around 400,000 people. This recent move by AlphaStar Capital Management likely indicates a strategic shift in their investment focus.

Bottom Line

Investors should keep an eye on Target's upcoming earnings report on November 18, 2026, which could impact market sentiment. Additionally, further institutional maneuvers may provide insight into the stock's potential direction. Note that 13F filings are backward-looking, showing positions as of the end of the reporting quarter and may not represent current holdings.