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    UBSG   CH0244767585

UBS GROUP AG

(UBSG)
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U.S. companies rush to change their calendars for new Juneteenth holiday

06/18/2021 | 12:46pm EDT
People gather at Judkins Park for Juneteenth, in Seattle

(Reuters) -U.S. companies scrambled to put in place policies that would allow employees to take a day off after President Joe Biden signed a bill late on Thursday to recognize June 19, or "Juneteenth", as a federal holiday.

Juneteenth has been a holiday in some U.S. states, but the move has pressured more companies to declare the day a holiday. With Juneteenth, the first new federal holiday created in nearly four decades, falling on a weekend, some companies, including JPMorgan Chase & Co and Bank of America Corp, have allowed U.S. employees a floating day off.

Many U.S. companies had observed Juneteenth last year, when the United States was rocked by protests against racism and policing following the murder of George Floyd, an African-American man, by a Minneapolis police officer.

More than 800 companies said they would offer employees a paid day off for Juneteenth as of Friday morning, said Hella Creative, which started an online signature campaign for firms recognizing the holiday.

Retailer Target Corp said the day would remain an annual company holiday moving forward, while it would be a paid holiday at Yelp. Nike said it would close all U.S. operations, like it did in 2020.

Coffee chain Starbucks Corp said its stores would remain open, but hourly workers would be paid at 1.5 times their regular rate and salaried staff will receive a holiday in lieu.

(Reporting by Niket Nishant in Bengaluru and Matt Scuffham in New York; Additional reporting by Noor Zainab Hussain, Nandakumar D and Nivedita Balu in Bengaluru; Editing by Arun Koyyur, Shounak Dasgupta and Sriraj Kalluvila)


ę Reuters 2021
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Financials
Sales 2021 31 560 M 34 835 M 34 835 M
Net income 2021 5 406 M 5 967 M 5 967 M
Net cash 2021 5 669 M 6 257 M 6 257 M
P/E ratio 2021 10,1x
Yield 2021 2,38%
Capitalization 52 444 M 57 998 M 57 886 M
EV / Sales 2021 1,48x
EV / Sales 2022 1,49x
Nbr of Employees 71 304
Free-Float 90,9%
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 15,09 CHF
Average target price 17,11 CHF
Spread / Average Target 13,4%
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Managers and Directors
Ralph A. J. G. Hamers Group Chief Executive Officer
Kirt Gardner Group Chief Financial Officer
Axel A. Weber Chairman
Mike Dargan Chief Digital & Information Officer
Sabine Keller-Busse Group Chief Operating Officer
Sector and Competitors