The US Presidents’ Day is celebrated as a holiday to honor founding father George Washington on his birthday on the third Monday of February. Companies announce attractive discounts on their products in the US to celebrate the occasion. For consumers, it is also a shopping event.
Companies announce a flurry of promotions and discount sales through the weekend to attract customers. This time, products like Samsung Galaxy Buds 2, OLED C1 of LG, Razer BlackWidow V3 Mini, etc., are up for grabs at the lowest prices ever.
Some companies will reveal deals during the February 21 holiday. Here we explore some of the top companies gearing up for holiday sales.
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Apple Inc. (NASDAQ: AAPL)
Apple is one of the leading technology firms based in Cupertino, California. The AirPods Pro is available on various platforms now at a discounted price.
The stock of the company traded at US$168.57 at 10:26 am ET on February 18, down 0.18% from its previous closing price. The AAPL stock rose 30.2% over the past 12 months.
The market cap of the company is US$2.91 trillion, the P/E ratio is 27.87, and the forward one-year P/E ratio is 27.46. Its EPS is US$6.04.
The stock saw the highest price of US$182.94 and the lowest price of US$116.21 in the last 52 weeks. Its share volume on February 17 was 69,589,340.
The company reported revenue of US$123.94 billion in Q1, FY22, representing an increase of 11% YoY. Its net income came in at US$34.63 billion, or US$2.10 per diluted share.
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Amazon.com, Inc. (NASDAQ: AMZN)
Amazon is a leading Seattle, Washington-based technology firm focused on e-commerce. Various products are available on its platform now at a discounted price.
The shares of the company traded at US$3061.265 at 10:30 am ET on February 18, up 1.03% from their closing price of February 17. Its stock value fell by 7.07% over the past 12-months.
The firm has a market cap of US$1.56 trillion, a P/E ratio of 47.46, and a forward one-year P/E ratio of 61.18. Its EPS is US$64.78.
The 52-week highest and lowest stock prices were US$3,773.08 and US$2,707.04, respectively. Its trading volume was 3,201,625 on February 17.
In the fourth quarter of fiscal 2021, the company’s net sales rose 9% YoY to US$137.41 billion, while its net income came in at US$14.32 billion, or US$27.75 per diluted share. For the full fiscal year, the company reported net sales of US$469.82 billion.
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Microsoft Corporation (NASDAQ: MSFT)
Microsoft Corporation is one of the leading technology firms based in Redmond, Washington. Its Surface Pro 8 laptop is currently available with Type Cover at a bargain price.
The stock of the company traded at US$288.96 at 11:09 am ET on February 18, down 0.61% from its previous closing price. The MSFT stock soared 19.25% over the past 12 months.
The market cap of the company is US$2.16 trillion, the P/E ratio is 30.82, and the forward one-year P/E ratio is 31.53. Its EPS is US$9.39.
The stock saw the highest price of US$349.67 and the lowest price of US$224.26 in the last 52 weeks. Its share volume on February 17 was 32,461,580.
The company reported revenue of US$51.7 billion in Q2, FY22, representing an increase of 20% YoY. Its net income came in at US$18.8 billion, or US$2.48 per diluted share.
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Target Corporation (NYSE: TGT)
Target Corporation is a big-box retail store operator that sells products like dry grocery, dairy, frozen items, etc., through its stores and digital channels. It is based in Minneapolis, Minnesota.
The stock of the company traded at US$205.26 at 10:50 am ET on February 18, up 0.62% from its previous closing price. The TGT stock soared 6.58% over the past 12 months.
The market cap of the company is US$98.76 billion, the P/E ratio is 15.17, and the forward one-year P/E ratio is 15.47. Its EPS is US$13.59.
The stock saw the highest price of US$268.98 and the lowest price of US$166.82 in the last 52 weeks. Its share volume on February 17 was 3,865,911.
The company is expected to report its fourth-quarter fiscal 2021 results on March 1, before the market opens.
Meanwhile, in the third quarter of fiscal 2021, the company’s total revenue surged 13.3% YoY to US$25.29 billion, while its net income came in at US$1.48 billion, or US$3.04 per diluted share.
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Best Buy Co., Inc. (NYSE: BBY)
Best Buy is one of the leading consumer electronics retail firms based in Richfield, Minnesota. It provides a range of consumer electronics products like computing devices, mobile phones, etc., for its customers.
The shares of the company traded at US$97.97 at 10:56 am ET on February 18, down by 0.67% from their closing price of February 17. Its stock value declined 15.53% over the past 12-months.
The firm has a market cap of US$23.69 billion, a P/E ratio of 9.54, and a forward one-year P/E ratio of 9.78. Its EPS is US$10.32.
The 52-week highest and lowest stock prices were US$141.97 and US$92.93, respectively. Its trading volume was 1,408,092 on February 17.
The company will report its fourth-quarter fiscal 2022 results on March 3, before the opening bell.
Meanwhile, in the third quarter of fiscal 2022, the company reported a revenue of US$11.91 billion, compared to US$11.85 billion in the year-ago quarter. Its net income came in at US$499 million, or US$2.00 per diluted share.
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Bottomline
The US retail sales saw a significant jump during the holiday season leading up to the New Year. US retail sales rose 3.8% in January, its highest increase since last March.
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