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Iconix Brand Group (ICON) has 3 splits in our ICON split history database. The first split for ICON took place on February 16, 1993. ICON's second split took place on February 24, 1993. This was a 2 for 9 reverse split, meaning for each 9 shares of ICON owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 222.222222222222 share position following the split. ICON's third split took place on March 14, 2019. This was a 1 for 10 reverse split, meaning for each 10 shares of ICON owned pre-split, the shareholder now owned 1 share. For example, a 222.222222222222 share position pre-split, became a 22.2222222222222 share position following the split.
When a company such as Iconix Brand 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 ICON split history from start to finish, an original position size of 1000 shares would have turned into 22.2222222222222 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Iconix Brand Group shares, starting with a $10,000 purchase of ICON, presented on a split-history-adjusted basis factoring in the complete ICON split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-36.78%|
|About Iconix Brand Group|
|Iconix Brand Group is a brand management company and owner of a portfolio of global consumer brands across its operating segments: women's, men's, home, and international. Co.'s brand portfolio includes Candie's®, Bongo®, Joe Boxer®, Rampage®, Mudd®, London Fog®, Mossimo®, Ocean Pacific/OP®, and Danskin/Danskin Now®, among others. Co. seeks to monetize the Intellectual Property (IP) related to its brands and in relevant categories by licensing directly with retailers, through a consortia of wholesale licensees, through joint ventures in certain territories and via other activity such as corporate sponsorships and content as well as the sale of IP for certain categories or territories. According to our ICON split history records, Iconix Brand Group has had 3 splits.|
|ICON Split History Table|
|02/16/1993||1 for 1|
|02/24/1993||2 for 9|
|03/14/2019||1 for 10|
|Consumer Stock Splits|
|ICON is categorized under the Consumer sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: ICON shares outstanding history