 |
 Video: What is a Stock Split?
|
|
|
| Sally Beauty Holdings is a holding company. Through its subsidiaries, Co. is an international retailer and distributor of beauty supplies with operations in North America, South America and Europe. Co.'s business segments are: Sally Beauty Supply (SBS), which is an open-line retailer of beauty supplies; and Beauty Systems Group (BSG), which is a beauty supply distributor. SBS stores and websites carry beauty supplies, featuring beauty products across product categories including hair color and care, and skin and nail care. Co. features beauty products in its BSG stores across product categories including hair color and care, skin and nail care, styling tools and other beauty items. According to our SBH split history records, Sally Beauty Holdings has had 5 splits. |
|
|
Sally Beauty Holdings (SBH) has 5 splits in our SBH split history database. The first split for SBH took place on June 02, 1986. This was a 2 for 1
split, meaning for each share of SBH 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. SBH's second split took place on June 15, 1987. This was a 2 for 1
split, meaning for each share of SBH 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. SBH's third split took place on June 16, 1988. This was a 5 for 4
split, meaning for each 4
shares of SBH owned pre-split, the shareholder now owned 5 shares. For example, a 4000 share position pre-split, became a 5000 share position following the split. SBH's 4th split took place on July 27, 1992. This was a 2 for 1
split, meaning for each share of SBH owned pre-split, the shareholder now owned 2 shares. For example, a 5000 share position pre-split, became a 10000 share position following the split. SBH's 5th split took place on August 29, 1997. This was a 2 for 1
split, meaning for each share of SBH owned pre-split, the shareholder now owned 2 shares. For example, a 10000 share position pre-split, became a 20000 share position following the split.
When a company such as Sally Beauty Holdings 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 SBH split history from start to finish, an original position size of 1000 shares would have turned into 20000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Sally Beauty Holdings shares, starting with a $10,000 purchase of SBH, presented on a split-history-adjusted basis factoring in the complete SBH split history.
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
03/29/2010 |
|
| End date: |
03/27/2020 |
|
| Start price/share: |
$8.93 |
|
| End price/share: |
$9.38 |
|
| Dividends collected/share: |
$0.00 |
|
| Total return: |
5.04% |
|
| Average Annual Total Return: |
0.49% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$10,501.09 |
|
| Years: |
10.00 |
|
|
|
| Date |
Ratio |
| 06/02/1986 | 2 for 1
| | 06/15/1987 | 2 for 1
| | 06/16/1988 | 5 for 4
| | 07/27/1992 | 2 for 1
| | 08/29/1997 | 2 for 1
|
|
|
