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NEW YORK ( TheStreet) -- Target (NYSE: TGT) hit a new 52-week high Thursday as it is currently trading at $57, above its previous 52-week high of $56.92 with 323,273 shares traded as of 9:50 a.m. ET. Average volume has been 6.4 million shares over the past 30 days. Target has a market cap of $34.08 billion and is part of the services sector and retail industry. Shares are up 10.6% year to date as of the close of trading on Wednesday. Target Corporation operates general merchandise stores in the United States. The company has a P/E ratio of 12.8, above the average retail industry P/E ratio of 11.9 and below the S&P 500 P/E ratio of 17.7.