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 Video: What is a Stock Split?
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| Saks is engaged as a retailer providing a range of fashion apparel, shoes, accessories, jewelry, cosmetics, and gifts. The operations of Co. and its subsidiaries consist of Saks Fifth Avenue (SFA) stores, and SFA e-commerce operations as well as Saks Fifth Avenue OFF 5TH (OFF 5TH) stores. SFA stores are principally free-standing stores in shopping places or anchor stores in regional malls. Customers may also purchase SFA products online at saks.com or by catalog. OFF 5TH stores are primarily located in mixed-use and off-price centers and provide a range of apparel, shoes, and accessories. As of Feb 2 2013, Co. operated 43 SFA stores and 65 OFF 5TH stores. According to our SKS split history records, SKS has had 1 split. | |
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SKS (SKS) has 1 split in our SKS split history database. The split for SKS took place on October 28, 1997. This was a 2 for 1
split, meaning for each share of SKS 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 SKS 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 SKS 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 SKS shares, starting with a $10,000 purchase of SKS, presented on a split-history-adjusted basis factoring in the complete SKS split history.
SKS -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 10/28/1997 | 2 for 1
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