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 Video: What is a Stock Split?
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| Jos. A. Bank Clothiers is a designer, manufacturer, retailer and direct marketer of men's tailored and casual clothing and accessories and is a retailer of tuxedo rental products. Co.'s products include suits, tuxedos, dress shirts, sportcoats, dress pants, overcoats, vests, ties, sportswear, sweaters, belts and braces, socks and underwear, among other items. As of Feb 2 2013, Co. sold substantially all of its products under the Jos. A. Bank label through 602 retail stores located throughout 44 states and the District of Columbia in the U.S., as well as through its catalog call center and Internet (www.josbank.com) operations. Co. has two reportable segments: Stores and Direct Marketing. According to our JOSB split history records, JOSB has had 4 splits. | |
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JOSB (JOSB) has 4 splits in our JOSB split history database. The first split for JOSB took place on February 19, 2004. This was a 3 for 2 split, meaning for each 2 shares of JOSB 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. JOSB's second split took place on August 19, 2004. This was a 5 for 4 split, meaning for each 4 shares of JOSB owned pre-split, the shareholder now owned 5 shares. For example, a 1500 share position pre-split, became a 1875 share position following the split. JOSB's third split took place on February 16, 2006. This was a 5 for 4 split, meaning for each 4 shares of JOSB owned pre-split, the shareholder now owned 5 shares. For example, a 1875 share position pre-split, became a 2343.75 share position following the split. JOSB's 4th split took place on August 19, 2010. This was a 3 for 2 split, meaning for each 2 shares of JOSB owned pre-split, the shareholder now owned 3 shares. For example, a 2343.75 share position pre-split, became a 3515.625 share position following the split.
When a company such as JOSB 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 JOSB split history from start to finish, an original position size of 1000 shares would have turned into 3515.625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into JOSB shares, starting with a $10,000 purchase of JOSB, presented on a split-history-adjusted basis factoring in the complete JOSB split history.
JOSB -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 02/19/2004 | 3 for 2 | | 08/19/2004 | 5 for 4 | | 02/16/2006 | 5 for 4 | | 08/19/2010 | 3 for 2 |
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