DEI
- Thread starter MTTiger19
- Start date
Those were two divergent stock charts long before the DEI announcement. Target has been trending down since 2021, including a 24% drop from April to December last year, before the announcement.
Meanwhile, Costco is a fantastic stock and has been for years. Not saying it has nothing to do with Target's latest decline, but this isn't a super clean comparison.
Maybe so but there's lots of evidence that the actions of both have had an effect.
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Yes, Target's diversity, equity, and inclusion (DEI) initiatives have been a factor in the decline of its stock price. The company's DEI rollbacks have led to a customer backlash, boycott, and lawsuits.
Explanation
- In January 2024, Target reduced hiring targets for minorities and stopped reporting to diversity-focused groups.
- Target's stock price dropped 8.7% after the DEI changes were announced.
- Target is being sued for allegedly hiding the risks of ending its DEI programs.
- The lawsuit claims that Target defrauded shareholders by not warning them that ending DEI policies could cause stock prices to fall.
- The lawsuit also claims that Target concealed the backlash it faced after removing LGBTQ+ merchandise during Pride Month in 2023.
- Target's stock fell again in November 2024 after the company reported disappointing earnings.
Costco's stock has skyrocketed since they rejected anti-DEI efforts.
"More than 98% of Costco shareholders voted down an anti-DEI proposal Thursday at the company's annual shareholders meeting, according to the preliminary vote results."
One important thing in making money in the stock market is to correctly understand what is going on.
If that moron thinks that Targets stock is down because they quit having tranny clothes in their store, they are a special kind of stupid and deserve to lose every penny they invest. No tears.
If anyone wants some good, legitimate advice on the stock market, follow this guy. He is an honest actor and used to be an ex wall street analyst that now publishes on X. He is the real deal, highly recommend.
Don't say i never gave you anything.
Don't say i never gave you anything.
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Yes, Target's diversity, equity, and inclusion (DEI) initiatives have been a factor in the decline of its stock price. The company's DEI rollbacks have led to a customer backlash, boycott, and lawsuits.
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