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Michaels Companies (MIK) has 1 split in our MIK split history database. The split for MIK took place on October 13, 2004. This was a 2 for 1 split, meaning for each share of MIK 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.
When a company such as Michaels Companies 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 MIK split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Michaels Companies shares, starting with a $10,000 purchase of MIK, presented on a split-history-adjusted basis factoring in the complete MIK split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-18.84%|
|About Michaels Companies|
|Michaels Companies is an arts and crafts retailer in North America, providing materials, project ideas and education for creative activities. Co. also operates a wholesale business under the Darice brand name and a custom framing business under the Artistree brand name. The Michaels store provides general crafts, home decor and seasonal, framing and papercrafting products. Co.'s Darice business provides a range of craft and hobby items. Co. also has online platforms including Michaels.com, ConsumerCrafts.com, Darice.com, AaronBrothers.com (its online framing solution) and its Michaels app, which connects its store and online experiences. According to our MIK split history records, Michaels Companies has had 1 split.|
|MIK Split History Table|
|10/13/2004||2 for 1|
|Services Stock Splits|
|MIK is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: MIK shares outstanding history