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 Video: What is a Stock Split?
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| Target provides its customers everyday essentials and merchandise. Co. sells an assortment of general merchandise and food. The majority of Co.'s general merchandise stores provide an edited food assortment, including perishables, dry grocery, dairy, and frozen items. Co.'s small format stores provide curated general merchandise and food assortments. Co.'s digital channels include a merchandise assortment, including various items found in its stores, along with a complementary assortment sold by Co. and third parties. Co.'s owned brands include: A New Day™, All in Motion™, Archer Farms™, Art Class™, Auden™, Ava & Viv™, Boots & Barkley®, Brightroom™, and Bullseye's Playground™, among others. 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: |
10/10/2014 |
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| End date: |
10/08/2024 |
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| Start price/share: |
$60.59 |
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| End price/share: |
$151.32 |
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| Starting shares: |
165.04 |
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| Ending shares: |
218.66 |
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| Dividends reinvested/share: |
$30.04 |
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| Total return: |
230.87% |
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| Average Annual Total Return: |
12.71% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$33,095.34 |
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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: |
10/10/2014 |
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| End date: |
10/08/2024 |
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| Start price/share: |
$60.59 |
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| End price/share: |
$151.32 |
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| Dividends collected/share: |
$30.04 |
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| Total return: |
199.32% |
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| Average Annual Total Return: |
11.58% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$29,922.23 |
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| Years: |
10.00 |
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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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