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 Video: What is a Stock Split?
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| Harris Teeter Supermarkets, through its primary subsidiary Harris Teeter, Inc., is engaged in operating a regional chain of supermarkets. These supermarkets provide an assortment of groceries, produce, meat and seafood, bakery items, wines, as well as non-food items such as health and beauty care, general merchandise and floral. In addition, Co. operates pharmacies in its supermarkets. Retail supermarket operations are supported by two Co.-owned distribution centers and one Co.-owned dairy production facility. As of Oct 1 2013, Co. operated 216 supermarkets located in North Carolina, Virginia, South Carolina, Maryland, Tennessee, Delaware, District of Columbia, Florida and Georgia. According to our HTSI split history records, HTSI has had 1 split. | |
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HTSI (HTSI) has 1 split in our HTSI split history database. The split for HTSI took place on July 01, 1991. This was a 2 for 1 split, meaning for each share of HTSI 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.
When a company such as HTSI 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 HTSI split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into HTSI shares, starting with a $10,000 purchase of HTSI, presented on a split-history-adjusted basis factoring in the complete HTSI split history.
HTSI -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 07/01/1991 | 2 for 1 |
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