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 Video: What is a Stock Split?
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| Finish Line is a retailer of athletic shoes, apparel, and accessories. As of Apr 2 2017, Co. operated 573 Finish Line stores in 44 U.S. states and Puerto Rico. In addition, Co. operates an e-commerce site, www.finishline.com, as well as mobile commerce via m.finishline.com. Finish Line carries a selection of men's, women's, and kids' athletic shoes, as well as an assortment of apparel and accessories. Brand names provided by Finish Line include Nike, Brand Jordan, adidas, Under Armour and Puma. Under the Finish Line brand, Co. is the retailer of athletic shoes, both in-store and online, for Macy's Retail Holdings, Inc., Macy's Puerto Rico, Inc., and Macys.com, Inc. According to our FINL split history records, FINL has had 2 splits. | |
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FINL (FINL) has 2 splits in our FINL split history database. The first split for FINL took place on November 18, 1996. This was a 2 for 1
split, meaning for each share of FINL owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. FINL's second split took place on November 18, 2004. This was a 2 for 1 split, meaning for each share of FINL owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as FINL 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 FINL split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FINL shares, starting with a $10,000 purchase of FINL, presented on a split-history-adjusted basis factoring in the complete FINL split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
06/18/2018 |
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| Start price/share: |
$24.21 |
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| End price/share: |
$13.51 |
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| Starting shares: |
413.05 |
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| Ending shares: |
453.53 |
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| Dividends reinvested/share: |
$1.51 |
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| Total return: |
-38.73% |
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| Average Annual Total Return: |
-12.40% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$6,128.36 |
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| Years: |
3.70 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
06/18/2018 |
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| Start price/share: |
$24.21 |
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| End price/share: |
$13.51 |
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| Dividends collected/share: |
$1.51 |
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| Total return: |
-37.96% |
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| Average Annual Total Return: |
-12.11% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$6,203.73 |
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| Years: |
3.70 |
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| Date |
Ratio |
| 11/18/1996 | 2 for 1
| | 11/18/2004 | 2 for 1 |
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