US EditionTarget Draws Interest From Activist Investor After Stock Decline
Toms Capital’s stake in Target coincides with shares rising up to 6.7% amid efforts to reverse a 25% annual decline, aiming to boost growth and shareholder value.
- Bloomberg, citing the Financial Times, said Toms Capital Investment Management built a stake in Target Corporation on Friday, without disclosing stake details.
- Facing a weak year, Target Corporation's stock is headed for an annual decline of about 25% after losing market share and slumping sales, while it maintains 'regular dialogue with the investment community' focused on 'getting back to growth' through merchandise, shopping experience and technology.
- Shares jumped as much as 6.7% on Friday, with Target shares trading 2.15% higher at $98.62, according to Benzinga Pro.
- A Toms Capital representative could not be immediately reached for comment, and Bloomberg, citing the Financial Times, said the report relied on unnamed sources.
- With Target Corporation's weak year and share decline, investors may press for changes as the activist stake and market moves coincide with operational fixes, potentially shaping strategy and shareholder sentiment.
11 Articles
11 Articles
Target faces activist investor pressure amid sales decline, FT reports
Dec 26 (Reuters) – Target is facing pressure from hedge fund Toms Capital Investment Management, which has made a significant investment in the retailer, the Financial Times reported on Friday, citing people familiar with the matter. Shares of the company were up 1.5% after the news. The stock has lost about 26% of its value this year. The Minneapolis-based retailer has posted three straight quarters of falling comparable sales and is betting…
Target Stock (NYSE: TGT) Jumps on Activist Stake Report — What Investors Need to Know Before Monday’s Open
NEW YORK, Dec. 27, 2025, 10:37 a.m. ET — Market closed Target Corporation (NYSE: TGT) heads into the weekend with fresh momentum after shares climbed roughly 3% in Friday’s thin, post-holiday session, sparked by reports that activist investor Toms Capital Investment Management (TCIM) has built an undisclosed stake in the retailer. The move puts Target’s long-running turnaround narrative back in focus at a pivotal moment: incoming CEO Michael Fid…
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