Pallas Capital Advisors Boosts Target Stake by 80%

Investment firm increases holdings in retail giant ahead of Q1 earnings report.

Mar. 29, 2026 at 10:09am

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Pallas Capital Advisors LLC raised its stake in Target Corporation (NYSE: TGT) by 80.2% in the fourth quarter, according to a recent SEC filing. The investment firm now owns 21,068 shares of the retailer's stock, worth $2.06 million as of the end of 2025.

Why it matters

Target has been a strong performer in recent years, with the company's shares rising over 20% in the past 12 months. Pallas Capital's increased investment suggests the firm sees further upside potential in the stock ahead of Target's upcoming Q1 2026 earnings report.

The details

Pallas Capital Advisors purchased an additional 9,376 shares of Target in Q4 2025, bringing its total holdings to 21,068 shares. The firm cited Target's solid financial performance and growth potential as reasons for the increased investment.

  • Pallas Capital Advisors filed its 13F report for Q4 2025 on March 29, 2026.
  • Target is scheduled to report Q1 2026 earnings on May 15, 2026.

The players

Pallas Capital Advisors LLC

An investment management firm that focuses on public equities.

Target Corporation

A major American retail company that operates a chain of large discount department stores.

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What’s next

Investors will be closely watching Target's upcoming Q1 2026 earnings report on May 15, 2026 for signs of continued growth and profitability.

The takeaway

Pallas Capital's increased stake in Target suggests the firm sees further upside potential in the stock, underscoring the retailer's strong financial performance and growth prospects.