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|PLNT Stock Split History|
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Planet Fitness (PLNT) has 1 split in our PLNT split history database. The split for PLNT took place on December 06, 2004. This was a 1 for 50 reverse split, meaning for each 50 shares of PLNT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 20 share position following the split.
When a company such as Planet Fitness 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 PLNT split history from start to finish, an original position size of 1000 shares would have turned into 20 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Planet Fitness shares, starting with a $10,000 purchase of PLNT, presented on a split-history-adjusted basis factoring in the complete PLNT split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||24.99%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||23.32%|
|About Planet Fitness|
|Planet Fitness is a holding company. Through its subsidiries, Co. is engaged as a franchisor and operator of fitness centers. Co.'s stores include Planet Fitness-branded cardio, circuit- and weight-training equipment. Co. operates and manages its business in three business segments: Franchise, which includes operations related to its franchising business in the U.S., Puerto Rico, Canada, Panama, Mexico and Australia; Corporate-owned stores, which includes operations with respect to all corporate-owned stores throughout the U.S. and Canada; and Equipment, which includes the sale of equipment to franchisee-owned stores in the U.S. According to our PLNT split history records, Planet Fitness has had 1 split.|
|PLNT Split History Table|
|12/06/2004||1 for 50|
|Services Stock Splits|
|PLNT 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: PLNT shares outstanding history