Activist Investor Takes Position in Target, Sparking Turnaround Speculation

Shares of Target Corporation saw a significant rally yesterday following reports that hedge fund Toms Capital Investment Management has accumulated a substantial stake in the retailer. The stock closed at $99.55, marking a gain of 3.13% and breaking a prolonged period of weakness. Market observers are now questioning whether this combination of activist pressure, planned capital expenditure increases, and an upcoming leadership change can catalyze a sustained recovery for the company.

The activist’s entry coincides with a major shift in the C-suite. CEO Brian Cornell is stepping down, with Chief Operating Officer Michael Fiddelke scheduled to assume the role on February 1, 2026. Fiddelke will be tasked with executing a corporate turnaround while simultaneously Read more...