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 Video: What is a Stock Split?
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| G-III Apparel Group designs, sources and markets a range of apparel, such as outerwear, dresses, sportswear, swimwear, women's suits and women's performance wear, as well as women's handbags, footwear, small leather goods, cold weather accessories and luggage. Co. sells products under various brands, including Calvin Klein, Tommy Hilfiger, Levi's, and Guess?. Co.'s segments are: wholesale operations, which includes sales of products to retailers under owned, licensed and private label brands, as well as sales related to the Vilebrequin and Karl Lagerfeld businesses; and retail operations, which includes direct sales to consumers through its Co.-operated stores and through digital channels. According to our GIII split history records, G-III Apparel Group has had 2 splits. | |
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G-III Apparel Group (GIII) has 2 splits in our GIII split history database. The first split for GIII took place on March 28, 2006. This was a 3 for 2 split, meaning for each 2 shares of GIII owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. GIII's second split took place on May 04, 2015. This was a 2 for 1 split, meaning for each share of GIII owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split.
When a company such as G-III Apparel Group splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the GIII split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into G-III Apparel Group shares, starting with a $10,000 purchase of GIII, presented on a split-history-adjusted basis factoring in the complete GIII split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/24/2014 |
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| End date: |
04/22/2024 |
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| Start price/share: |
$36.35 |
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| End price/share: |
$27.84 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-23.41% |
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| Average Annual Total Return: |
-2.63% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$7,659.85 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 03/28/2006 | 3 for 2 | | 05/04/2015 | 2 for 1 |
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