Target Corporation Chief Accounting Officer Matthew A. Liegel reported a transaction on March 17, 2026 in which he sold 2,053 shares of common stock for about $240,593, according to a Form 4 filing with the Securities and Exchange Commission. The reported per-share sale price range was $117.1900 to $117.2000.
The filing also shows Liegel acquired 2,112.1249 Deferred Compensation Units on the same form. After completing the sale, Liegel is recorded as directly owning 12,143 shares of Target common stock.
Target shares have appreciated 34% over the past six months, with the stock quoted at $114.47 and the company carrying a market capitalization of $52.1 billion. An InvestingPro analysis cited in the filing notes that the stock appears undervalued at current levels.
Corporate actions and shareholder returns
The retailer’s board of directors recently declared a quarterly dividend of $1.14 per common share, payable on June 1, 2026. That dividend declaration follows the company’s fourth-quarter fiscal 2025 earnings report and a string of analyst updates tied to that result.
DA Davidson, responding to Target’s fiscal results, raised its price target on the stock to $140 from $120 while keeping a Buy rating. The firm also adjusted its earnings-per-share estimates, lifting the fiscal 2026 forecast to $7.96 from $7.60 and the fiscal 2027 estimate to $8.67 from $8.39.
Guggenheim reiterated a Buy rating on Target and left its $130 price target unchanged, citing ongoing product innovation and momentum in top-line performance. Separately, Mizuho increased its price target to $120 from $100 but retained a Neutral rating, a move tied to observations from a financial community meeting about the company’s turnaround plan aimed at returning to profitable growth.
Growth plans and store footprint
Target disclosed plans to open more than 30 new stores during 2026. Among those openings will be the retailer’s 2,000th location, scheduled for Fuquay-Varina, North Carolina. The company said the new store will include a food and beverage department that is 30% larger than the chain average.
Context for investors
The insider transaction, dividend declaration and the cluster of analyst revisions provide overlapping data points investors may weigh when assessing Target’s near-term outlook. The Form 4 filing documents the precise quantities of shares sold and deferred compensation units acquired by the chief accounting officer, and the company’s disclosed plans and analyst commentary offer additional context on strategy and expectations.
Readers should note that the regulatory filing records the sale price range and the exact number of deferred compensation units acquired, and that the market-capitalization and share-price figures cited reflect the values shown in the filing and accompanying analysis.