What happens when a short seller collides with an activist investor? Details coming up.

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I'm Chris Hill, joining me in studio today, Motley Fool's Senior Analyst, Bill Barker.

Thanks for being here.

Thanks for having me.

Let's talk target, shall we?

First quarter results were better than expected.

I'll leave it to you to tell me how high those expectations may have been.

The thing I said the other day on the show that I was going to be watching with targets

specifically was their inventory level.

Inventory dropped 16% over years, so it's moving in the right direction.

They still have some work to do there.

But it seems like this report and the comments from management were at least welcome on Wall Street

because shares are up about 3% as we're having this conversation.

Yeah, I mean, there's not a whole lot that's been changing here.

You may recall that exactly 12 months ago, they threw out a report that took the stock down

25% in a day.

I remember.

I'm a shareholder.

We all remember.

So what was that rest of that day like for you?

Kind of like all of 2022.

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