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Video: What is a Stock Split?
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Skechers U.S.A. designs and markets Skechers-branded lifestyle footwear for men, women and children, performance footwear for men and women under the Skechers Performance brand name, and work footwear for men and women under Skechers Work brand name. Co. designs and markets Skechers branded lifestyle apparel, and licenses the Skechers brand to others for accessories, pet accessories, leather goods, eyewear and medical scrubs, among others. Co.'s product offering is sold through wholesale distribution to department and other stores, athletic and independent retailers, and e-commerce retailers and directly to consumers through retail stores and digital sales. According to our SKX split history records, Skechers USA has had 1 split. | |
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Skechers USA (SKX) has 1 split in our SKX split history database. The split for SKX took place on October 16, 2015. This was a 3 for 1 split, meaning for each share of SKX owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split.
When a company such as Skechers USA 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 SKX split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Skechers USA shares, starting with a $10,000 purchase of SKX, presented on a split-history-adjusted basis factoring in the complete SKX split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/22/2014 |
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End date: |
04/18/2024 |
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Start price/share: |
$12.29 |
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End price/share: |
$56.86 |
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Dividends collected/share: |
$0.00 |
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Total return: |
362.65% |
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Average Annual Total Return: |
16.56% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$46,271.44 |
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Years: |
10.00 |
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Date |
Ratio |
10/16/2015 | 3 for 1 |
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