Today, we are looking at New Balance Stock and answering the question, is it publicly traded?
Read on to learn more about New Balance.
Contents
- Introduction
- Will New Balance Ever Become Publicly Traded?
- New Balance Revenues
- How To Invest In New Balance
- Similar Investment Opportunities
- Stock Price for New Balance in 2022?
- Final Summary | New Balance Stock
Introduction
New Balance is a well-known footwear manufacturing company that was established in 1906.
The company was founded in Boston, where it went on to become one of America’s top footwear manufacturing companies.
New Balance was founded back in 1906 and has been in operation for 116 years.
William Riley famously founded New Balance and evolved into an iconic American footwear brand.
Investors may be frustrated by the fact that New Balance is a privately-held company.
This means it is not currently possible to invest directly in New Balance’s footwear brand.
While New Balance is not currently listed on the stock market, it’s possible that the company could go public in the future.
The company is currently owned by James Davis, who also serves as the Chairman of New Balance.
Will New Balance Ever Become Publicly Traded?
It would be a significant step for New Balance to become a publicly traded company.
There are no current indicators that would suggest that New Balance would file an initial public offering.
This means there’s a very low chance that there would ever be a public stock for New Balance.
If an initial public offering ever gets filed, it would likely come after a significant change in leadership.
Even still, there are no signs that James Davis is looking to sell his ownership in the New Balance company as of 2022.
New Balance isn’t the only competitive footwear brand in America, though.
The widely-contested footwear industry continues to see new brands and manufacturers enter the playing field.
The really intriguing part about New Balance is the impressive amount of gross revenue they have managed to generate annually.
This is one of the reasons why investors are so interested in acquiring public shares from New Balance if they ever become available.
New Balance Revenues
New Balance reported gross annual revenues in excess of $4.4 billion during the 2021 financial year.
This was a nice rebound in terms of revenue from drops in previous years.
New Balance reported revenue of $3.4 billion in 2020 and $4 billion in 2019.
The significant growth in the North American market is partially why gross sales continue to grow.
With revenues growing and the company steadily generating more and more revenue since the end of the global pandemic, the future seems bright.
Unfortunately, public traders cannot currently buy public shares for New Balance.
If New Balance can maintain its bounce back in terms of revenue, it would be very impressive.
Early projections suggest that New Balance could post revenue numbers that exceed $4 billion by the end of the year.
Since New Balance has products selling in more than 100 countries around the globe, it has an international presence that many other footwear companies do not have.
New Balance has also been labeled one of the top ten footwear manufacturers in the entire world.
The company’s revenues and brand quality are two of the leading factors for this accomplishment.
How To Invest In New Balance
As we’ve mentioned, there’s no New Balance stock symbol on any stock exchange.
The only way to invest in New Balance is to buy a competitor brand publicly traded on an exchange.
There are dozens of publicly-traded footwear brands with similar business models to New Balance.
Many of them do not have the same type of exposure to the global market.
There still could be several appealing footwear brand stocks that investors may want to add to their portfolio.
New Balance has been around for over a hundred years and currently employs more than 5,500 employees in 2022.
Many other footwear brands were founded and established much later and haven’t been around as long.
- James Davis serves as Chairman and currently owns New Balance.
- New Balance has footwear products selling in more than 100 different countries.
- New Balance was founded in 1906 and is headquartered in the City of Boston.
Investors should consider investing in similar footwear brands if they want exposure to the footwear sector of the market.
The younger generations are looking for stylish footwear brands to wear in their everyday lives.
The increased interest in modern-day footwear is part of why so many footwear brands are doing so well in 2022.
Let’s take a quick look at some of the best footwear brands investors could add to their portfolios.
Similar Investment Opportunities
Some investors may be interested in a couple of alternative investment opportunities.
If you are looking for publicly-traded companies from the footwear industry, you could consider the following options.
Nike
Nike was founded in Oregon back in 1964.
It has a large catalog of athletic footwear and casual footwear products.
The company’s stock is trading at 116 dollars per share in August of 2022 and could be a great investment.
In the previous financial year, Nike generated more than $37 billion dollars and continues to be an iconic footwear choice.
The bearish market conditions have caused Nike stock to plunge more than 30% during the 2020 calendar year.
Some investors believe Nike could have its stock price bounce back rather quickly.
If economic conditions improve, some investors may be able to take advantage of Nike’s bounce-back performance in the market.
Adidas
Adidas was founded in 1924.
It has worldwide influence because of its footwear and clothing brands.
The company has more than 60,000 employees and generated more than 22 billion in revenue during the 2018 financial year.
Traders can purchase Adidas shares for approximately $90 per share in August 2022.
The Adidas stock has also faced challenges in 2022 and has plunged more than 39% since January 1st.
Skechers
Skechers is another great company that was founded in the Southern California city of Manhattan Beach.
With more than 8,000 employees in 2021 and $6 billion in gross revenue, it’s hard to complain about Skechers’ business model.
The company is celebrating its 30th anniversary and continues to be an iconic footwear company in the United States.
Investors can purchase a single Skechers share for 40 dollars per share.
Unlike many of its rivals, Skechers stock has not plunged as far.
While other footwear brands have seen their stock plunge more than 25%, Skechers has managed to have its stock only lose about 9% of its value.
This could be reassuring for long-term investors that are seeking stability in a footwear brand.
Stock Price for New Balance in 2022?
Does New Balance have a stock price?
Since New Balance isn’t a publicly-traded company listed on any stock exchange, there’s no direct stock quote for New Balance.
The closest way to get a stock price for New Balance is to look at a rival company’s stock price.
Other footwear brands like Skechers have their stocks trading for around 40 dollars per share.
This isn’t the only factor, though.
Some companies offer a different amount of shares, which could impact the stock price.
For example, Nike and Adidas have their stock trading around the 100 dollar threshold instead.
While many investors may be frustrated with the fact that New Balance is not a publicly-traded company, there is some good news.
Some viable alternative footwear brands are suitable for a trader’s portfolio.
You could consider any of the high-quality footwear brands that we listed or research on your own.
Final Summary | New Balance Stock
New Balance will likely remain an iconic athletic footwear brand around the globe.
With partnerships across a variety of sports and activities, New Balance has managed to market itself as one of the major footwear brands in the industry.
With more than 115 years of experience, it’s hard to doubt the future success of a company like New Balance.
Revenues will likely boost upwards in 2022 for a company like New Balance.
This means that future earnings could be very bright.
Sadly, investors may never be able to directly purchase New Balance shares.
Investors will have to settle for the opportunity to invest in other footwear brands instead.
Many years down the road, there could be a change in leadership that has an impact on the company’s values.
If new leadership eventually takes over, there could be a chance that New Balance could file an IPO.
It would be many years down the road if it were to happen.
There’s no guarantee that New Balance will ever sell leadership to someone that wants to bring the company public, though.
We hope you enjoyed this article on New Balance Stock.
If you have any questions, please send an email or leave a comment below
Trade safe!
Disclaimer: The information above is for educational purposes only and should not be treated as investment advice. The strategy presented would not be suitable for investors who are not familiar with exchange traded options. Any readers interested in this strategy should do their own research and seek advice from a licensed financial adviser.
