Embattled Target feeling heat from hedge fund investor Toms Capital following sales slump

Target is facing pressure from hedge fund Toms Capital Investment Management, which has made a significant investment in the retailer, the Financial Times reported Friday, citing people familiar with the matter.Shares of the company were up more than 1% after the news. The stock has lost about 26% of its value this year.Target is facing pressure from hedge fund Toms Capital Investment Management. Getty ImagesThe Minneapolis-based retailer has posted three straight quarters of falling comparable sales and is ...