Target Shares Sold by Crossmark Global Holdings

Institutional investor trims stake in retail giant by nearly 73% in Q3

Mar. 9, 2026 at 8:06am

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Crossmark Global Holdings Inc. reduced its holdings in shares of Target Corporation (NYSE:TGT) by 72.8% in the third quarter, according to a recent SEC filing. The institutional investor now owns 23,372 shares of the retailer's stock, down from 85,825 shares previously.

Why it matters

This transaction highlights the shifting investment strategies of major institutional players in the retail sector, as they adjust their portfolios in response to market conditions and company performance.

The details

Crossmark Global Holdings, an investment management firm, sold 62,453 shares of Target stock during the third quarter. This reduced the firm's total stake in the retailer to just 23,372 shares, worth approximately $2.1 million at the end of the reporting period.

  • Crossmark Global Holdings made the share sales in the third quarter of 2026.

The players

Crossmark Global Holdings Inc.

An institutional investment management firm that has reduced its stake in Target Corporation.

Target Corporation

A major U.S. retail company headquartered in Minneapolis, Minnesota.

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The takeaway

This transaction reflects the broader volatility and uncertainty in the retail sector, as major investors adjust their holdings in response to shifting market dynamics and company performance.