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 Video: What is a Stock Split?
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| Steven Madden, Ltd., and its subsidiaries designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel. The Wholesale Footwear segment designs, sources, and markets its brands and sells its products to department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs. The Wholesale Accessories/Apparel segment designs, sources, and markets its brands and sells its products to department stores, mass merchants, off-price retailers, online retailers, specialty retailers, independent stores, and clubs. According to our SHOO split history records, Steven Madden has had 5 splits. | |
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Steven Madden (SHOO) has 5 splits in our SHOO split history database. The first split for SHOO took place on May 26, 2006. This was a 3 for 2 split, meaning for each 2 shares of SHOO 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. SHOO's second split took place on May 03, 2010. This was a 3 for 2 split, meaning for each 2 shares of SHOO owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. SHOO's third split took place on June 01, 2011. This was a 3 for 2 split, meaning for each 2 shares of SHOO owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. SHOO's 4th split took place on October 02, 2013. This was a 3 for 2 split, meaning for each 2 shares of SHOO owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split. SHOO's 5th split took place on October 12, 2018. This was a 3 for 2 split, meaning for each 2 shares of SHOO owned pre-split, the shareholder now owned 3 shares. For example, a 5062.5 share position pre-split, became a 7593.75 share position following the split.
When a company such as Steven Madden 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 SHOO split history from start to finish, an original position size of 1000 shares would have turned into 7593.75 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Steven Madden shares, starting with a $10,000 purchase of SHOO, presented on a split-history-adjusted basis factoring in the complete SHOO split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
06/20/2016 |
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| End date: |
06/16/2026 |
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| Start price/share: |
$23.23 |
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| End price/share: |
$44.61 |
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| Starting shares: |
430.48 |
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| Ending shares: |
504.71 |
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| Dividends reinvested/share: |
$5.64 |
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| Total return: |
125.15% |
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| Average Annual Total Return: |
8.46% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$22,516.60 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
06/20/2016 |
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| End date: |
06/16/2026 |
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| Start price/share: |
$23.23 |
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| End price/share: |
$44.61 |
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| Dividends collected/share: |
$5.64 |
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| Total return: |
116.32% |
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| Average Annual Total Return: |
8.03% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,640.13 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 05/26/2006 | 3 for 2 | | 05/03/2010 | 3 for 2 | | 06/01/2011 | 3 for 2 | | 10/02/2013 | 3 for 2 | | 10/12/2018 | 3 for 2 |
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