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Video: What is a Stock Split?
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Container Store Group is a retailer of organizing solutions, custom spaces and in-home organizing services. Co. provides a range of storage and organization solutions that are sold in its stores and online. Co. features The Container Store Custom Spaces consisting of its elfa® Classic, elfa® Decor, Avera® and Preston systems. Co.'s operations consist of two segments: The Container Store, which consists of Co.'s retail stores, website and call center (which includes business sales), as well as its in-home services business; and its wholly-owned subsidiary, Elfa International AB, which designs and manufactures component-based shelving and drawer systems and made-to-measure sliding doors. According to our TCS split history records, Container Store Group has had 1 split. | |
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Container Store Group (TCS) has 1 split in our TCS split history database. The split for TCS took place on September 04, 2024. This was a 1 for 15 reverse split, meaning for each 15 shares of TCS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split.
When a company such as Container Store Group conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the TCS split history from start to finish, an original position size of 1000 shares would have turned into 66.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Container Store Group shares, starting with a $10,000 purchase of TCS, presented on a split-history-adjusted basis factoring in the complete TCS split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
11/07/2014 |
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End date: |
11/05/2024 |
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Start price/share: |
$328.95 |
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End price/share: |
$4.86 |
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Starting shares: |
30.40 |
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Ending shares: |
32.31 |
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Dividends reinvested/share: |
$3.15 |
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Total return: |
-98.43% |
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Average Annual Total Return: |
-33.98% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$157.13 |
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Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/07/2014 |
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End date: |
11/05/2024 |
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Start price/share: |
$328.95 |
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End price/share: |
$4.86 |
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Dividends collected/share: |
$3.15 |
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Total return: |
-97.56% |
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Average Annual Total Return: |
-31.02% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$243.66 |
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Years: |
10.00 |
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Date |
Ratio |
09/04/2024 | 1 for 15 |
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