Convert string to date then format the date
Use SimpleDateFormat#format(Date):
String start_dt = "2011-01-01";
DateFormat formatter = new SimpleDateFormat("yyyy-MM-DD");
Date date = (Date)formatter.parse(start_dt);
SimpleDateFormat newFormat = new SimpleDateFormat("MM-dd-yyyy");
String finalString = newFormat.format(date);
String start_dt = "2011-01-31";
DateFormat parser = new SimpleDateFormat("yyyy-MM-dd");
Date date = (Date) parser.parse(start_dt);
DateFormat formatter = new SimpleDateFormat("MM-dd-yyyy");
System.out.println(formatter.format(date));
Prints: 01-31-2011