First Trust Advisors Boosts Target Stake by 10.9%

Investment firm increases holdings in retail giant to over 1.2 million shares

Published on Mar. 9, 2026

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First Trust Advisors LP has increased its stake in Target Corporation (NYSE: TGT) by 10.9%, adding 124,371 shares during the third quarter. The firm now owns 1,267,577 shares of the retailer's stock, worth approximately $113.7 million.

Why it matters

This investment signals continued confidence in Target's performance and growth potential among institutional investors. As a major shareholder, First Trust Advisors' increased stake suggests the firm sees further upside for the stock.

The details

According to a 13F filing with the SEC, First Trust Advisors acquired the additional 124,371 Target shares during the third quarter. The firm now owns approximately 0.28% of Target's outstanding stock. Other hedge funds and institutional investors have also been increasing their positions in the retailer, indicating broad optimism about Target's future.

  • First Trust Advisors filed its 13F report for the third quarter of 2026.

The players

First Trust Advisors LP

An investment management firm that provides a variety of financial products and services, including mutual funds, exchange-traded funds, and institutional separate accounts.

Target Corporation

A major American retail corporation that operates a chain of discount department stores and small-format stores across the United States.

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The takeaway

First Trust Advisors' increased stake in Target suggests continued institutional confidence in the retailer's growth prospects, even as the broader market faces economic uncertainty. This vote of confidence from a major investor could signal potential upside for Target's stock price going forward.