Target Executive Sells $18 Million in Company Stock

Target Corporation (NYSE: TGT) executive Cara A. Sylvester sold 10,000 shares of the company’s common stock in an open-market transaction on May 29, generating approximately $1.26 million (₩1.8 billion) in cash.

The sale was executed at a volume-weighted average price of about $125.89 per share. After the disposal, Sylvester still holds roughly 45,930 shares of Target stock—equivalent to about $5.7 million (₩8 billion) at current market prices.

In its SEC filing, the company emphasized that the sale price corresponded to a narrow range of average intraday trading prices, underscoring that this was a routine cash-equity sale rather than a derivatives transaction.

In its Q1 2026 earnings report released on May 20, Target posted profits that exceeded market expectations, projected annual revenue growth of around 4%, and set its EPS guidance at the high end of its range, thereby raising its outlook.

The company also reaffirmed its store-centric growth strategy, announcing plans to invest several billion dollars in 2026 alone—opening more than 30 new locations, undertaking large-scale remodels, and funding technology upgrades.

Target operates approximately 2,000 stores across the United States and is a flagship retail stock in the Fortune 500.

Under CEO Michael Fiddelke’s leadership, the management team is pursuing a medium- to long-term transformation plan, committing billions to strengthen its food and private‐label offerings, remodel stores, and advance its technology infrastructure.