In a notable portfolio shift, Olstein Capital Management, led by investor Robert Olstein, exited its entire position in Target Corp. during the second quarter of 2026. The firm sold all 46,450 of its shares, which had previously constituted 1.23% of its reported portfolio. This trade was disclosed in a quarterly 13F filing on July 7, 2026, meaning the transactions occurred between April 1 and June 30.
The sale took place during a quarter where Target reported strong performance, including a 5.6% rise in comparable sales in Q1 and raised its full-year guidance. The company's subsequent Q2 earnings, announced in August, showed a 5.3% increase in net sales, significantly boosted by tariff refunds. Olstein Capital Management has not publicly commented on its specific reasons for liquidating the Target holding.