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 Video: What is a Stock Split?
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| Jones Group is a designer, marketer, and wholesaler of over 35 brands with products in apparel, footwear, jeanswear, jewelry and handbags. Co. also markets directly to consumers through its specialty retail and outlet stores, department stores and through its e-commerce sites. Co.'s operations consist of six segments: domestic wholesale sportswear, domestic wholesale jeanswear, domestic wholesale footwear and accessories, domestic retail, international wholesale and international retail. Co.'s brands include: Nine West, Jones New York, Robert Rodriguez, and Robbi & Nikki, among others. As of Dec 31 2012, Co. operated a total of 247 specialty retail stores and a total of 454 outlet stores. According to our JNY split history records, JNY has had 2 splits. | |
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JNY (JNY) has 2 splits in our JNY split history database. The first split for JNY took place on October 03, 1996. This was a 2 for 1
split, meaning for each share of JNY 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. JNY's second split took place on June 26, 1998. This was a 2 for 1
split, meaning for each share of JNY 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 JNY 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 JNY 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 JNY shares, starting with a $10,000 purchase of JNY, presented on a split-history-adjusted basis factoring in the complete JNY split history.
JNY -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 10/03/1996 | 2 for 1
| | 06/26/1998 | 2 for 1
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