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 Video: What is a Stock Split?
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| Target Corporation is a general merchandise retailer selling products to its guests through its stores and digital channels. Co. serves guests at nearly 2,000 stores and at Target.com. It offers to its customers, referred to as guests, everyday essentials and fashionable, differentiated merchandise at discounted prices. The majority of its stores offer a wide assortment of general merchandise and food. Its merchandise categories include apparel and accessories, beauty and household essentials, food and beverage, hardlines, and home furnishings and decor. According to our TGT split history records, Target has had 4 splits. | |
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Target (TGT) has 4 splits in our TGT split history database. The first split for TGT took place on July 25, 1983. This was a 2 for 1
split, meaning for each share of TGT 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. TGT's second split took place on July 18, 1996. This was a 3 for 1
split, meaning for each share of TGT owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 6000 share position following the split. TGT's third split took place on May 01, 1998. This was a 2 for 1
split, meaning for each share of TGT owned pre-split, the shareholder now owned 2 shares. For example, a 6000 share position pre-split, became a 12000 share position following the split. TGT's 4th split took place on July 20, 2000. This was a 2 for 1
split, meaning for each share of TGT owned pre-split, the shareholder now owned 2 shares. For example, a 12000 share position pre-split, became a 24000 share position following the split.
When a company such as Target 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 TGT split history from start to finish, an original position size of 1000 shares would have turned into 24000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Target shares, starting with a $10,000 purchase of TGT, presented on a split-history-adjusted basis factoring in the complete TGT split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/20/2016 |
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| End date: |
01/15/2026 |
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| Start price/share: |
$67.59 |
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| End price/share: |
$111.13 |
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| Starting shares: |
147.95 |
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| Ending shares: |
199.33 |
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| Dividends reinvested/share: |
$33.00 |
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| Total return: |
121.51% |
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| Average Annual Total Return: |
8.28% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$22,145.89 |
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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: |
01/20/2016 |
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| End date: |
01/15/2026 |
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| Start price/share: |
$67.59 |
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| End price/share: |
$111.13 |
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| Dividends collected/share: |
$33.00 |
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| Total return: |
113.24% |
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| Average Annual Total Return: |
7.87% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,321.93 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 07/25/1983 | 2 for 1
| | 07/18/1996 | 3 for 1
| | 05/01/1998 | 2 for 1
| | 07/20/2000 | 2 for 1
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