CTC 13F: Exits Target (TGT) Stake

CTC recently revealed it has sold off its entire stake in Target Corporation (NYSE: TGT). According to its latest Form 13F filing with the SEC, the firm liquidated 7,203 shares during the reporting period. This move follows other recent adjustments by the firm, including a 64% reduction in its Bank of America holdings reported earlier this year. Because 13F filings are backward-looking, this data reflects CTC's portfolio at the end of the period and doesn't necessarily show what the firm holds today.

Complete Exit from Target

By selling its 7,203 shares, CTC effectively closed its position in the Minneapolis-based retailer. Before this move, the firm held that exact number of shares, meaning it executed a 100.0% decrease in its holdings. While the filing doesn't state the specific reason for the exit, it shows a clear shift away from the big-box retail giant in CTC's latest portfolio strategy.

Target Stock Performance

On Friday, Target shares were trading at $133.92. The stock has seen significant movement over the last year, ranging from a low of $83.44 to a high of $170.75. Currently, the price sits comfortably above its 200-day moving average of $131.35, though it has pulled back from its 50-day moving average of $157.34. With a price-to-earnings (P/E) ratio of 16.26, the market is valuing Target at a relatively moderate multiple compared to its historical norms.

Revenue and Recent Earnings

Target has remained a massive player in the consumer defensive sector, bringing in $107.70 billion in revenue with a growth rate of 0.053%. The company's profitability remains steady, reporting a net margin of 4.08% and a return on equity of 26.41%. Investors are looking toward November 18, 2026, which is the company's next scheduled earnings date, to see how the retailer is navigating the current economic climate.

Dividend Income

For those focused on income, Target continues to pay a regular dividend. The stock currently offers a 2.96% dividend yield. The company is using about 47.35% of its earnings to pay these dividends, a payout ratio that suggests the company is balancing returning cash to shareholders with reinvesting in its business operations.

Analysts Set New Price Targets

Several analysts have adjusted their views on Target recently. On October 13, 2026, Evercore ISI Group maintained an In-Line rating but lowered its price target from $170.00 to $165.00. Earlier, on September 30, 2026, HSBC upgraded the stock to a Buy rating with a much more optimistic $190.00 target. Other firms like UBS and Telsey Advisory Group also maintain Buy or Outperform ratings with targets of $185.00 and $182.00, respectively. Overall, the consensus among 34 analysts is a Buy, with an average price target of $163.35.

About Target Corporation

Target is one of the largest general merchandise retailers in the United States, selling everything from groceries and clothing to electronics and home decor. It operates hundreds of physical stores and a massive digital platform. The company's ability to mix everyday essentials with trendy, exclusive brands has made it a staple for American shoppers. As CTC exits its position, observers will be watching to see if other institutional investors follow suit or if they see the current price as a chance to get in before the holiday season.

Investors should remember that these filings are a snapshot of the past. While they show what major funds were doing a few months ago, they don't provide a real-time look at current market activity.