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Skechers USA (SKX) has 1 split in our SKX split history database. The split for SKX took place on October 16, 2015. This was a 3 for 1 split, meaning for each share of SKX owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split.
When a company such as Skechers USA 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 SKX split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Skechers USA shares, starting with a $10,000 purchase of SKX, presented on a split-history-adjusted basis factoring in the complete SKX split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||5.66%|
|About Skechers USA|
|Skechers USA designs and markets Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers Performance brand name. Co. also designs and markets men's and women's Skechers branded lifestyle apparel, and license the Skechers brand to others for accessories, leather goods, eyewear and scrub manufacturers, among others. Co.'s product offering is sold through department and specialty stores, athletic and independent retailers, boutiques and internet retailers. In addition to wholesale distribution, Co.'s footwear is available at its direct-to-consumer websites and its own retail stores. According to our SKX split history records, Skechers USA has had 1 split.|
|SKX Split History Table|
|10/16/2015||3 for 1|
|Consumer Stock Splits|
|SKX 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: SKX shares outstanding history