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 Video: What is a Stock Split?
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| Genesco Inc. is a retailer and wholesaler of branded footwear, apparel and accessories. Co.'s segments include Journeys Group, Schuh Group, Johnston & Murphy Group and Genesco Brands Group. The Journeys Group segment comprises the Journeys, Journeys Kidz and Little Burgundy retail footwear chains and e-commerce operations. The Schuh Group segment comprises the Schuh retail footwear chain and e-commerce operations. The Johnston & Murphy Group segment comprises Johnston & Murphy retail operations, e-commerce operations and wholesale distribution of products under the Johnston & Murphy brand. The Genesco Brands Group segment comprises the licensed Dockers, Levi's, and G.H. According to our GCO split history records, Genesco has had 2 splits. | |
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Genesco (GCO) has 2 splits in our GCO split history database. The first split for GCO took place on March 15, 2006. GCO's second split took place on June 06, 2008. This was a 1105 for 1000 split, meaning for each 1000 shares of GCO owned pre-split, the shareholder now owned 1105 shares. For example, a 1000 share position pre-split, became a 1105 share position following the split.
When a company such as Genesco 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 GCO split history from start to finish, an original position size of 1000 shares would have turned into 1105 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Genesco shares, starting with a $10,000 purchase of GCO, presented on a split-history-adjusted basis factoring in the complete GCO split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
06/23/2015 |
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| End date: |
06/20/2025 |
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| Start price/share: |
$67.15 |
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| End price/share: |
$22.32 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-66.76% |
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| Average Annual Total Return: |
-10.43% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$3,323.73 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 03/15/2006 | 1 for 1 | | 06/06/2008 | 1105 for 1000 |
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