Summary: If you’re wondering how to buy Fanatics stock, the straightforward answer is that you can’t since it’s a private company. Nevertheless, until it goes public with an initial public offering (IPO), you can look for alternatives in the sports apparel industry and potentially invest in them through a reputable brokerage platform, such as our go-to option, eToro.
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About Fanatics
Fanatics is a leading sports merchandise retailer, offering a wide range of products from jerseys to memorabilia. As a private company, Fanatics doesn’t trade on the public stock market. This means you can’t buy shares of Fanatics like you would with a publicly traded company. However, if you’re interested in investing in the sports industry, there are alternative avenues to explore.
Fanatics IPO
As of now, there hasn’t been an IPO for Fanatics. However, once the company goes public at some point in the future, it will allow investors to purchase its shares and become partial owners. While there are speculations about a potential Fanatics IPO in the next 12 to 24 months, the company has not made any official announcements regarding this.
How to buy Fanatics stock: Step-by-step
While you cannot directly buy Fanatics stock, if you’re interested in investing in the sports industry, there are other options available—for example, Nike (NYSE: NKE). You can follow our step-by-step guide to investing in sports stock such as Nike or any other that’s public:
Step 1: Research alternatives
Before choosing the right broker, it’s important to research alternative investment options in the sports industry. Here are three examples of publicly traded sports stocks to consider:
- Nike, Inc. (NYSE: NKE): Nike is a multinational corporation known for its athletic footwear, apparel, equipment, and accessories. As one of the largest and most recognizable sportswear brands globally, Nike’s stock performance is often influenced by trends in sports fashion, athlete endorsements, and consumer demand for athletic gear;
- Adidas AG (GETTEX: ADS): Adidas is another major player in the sports apparel and footwear market. Headquartered in Germany, Adidas designs and manufactures a wide range of products for various sports, including soccer, basketball, running, and more. Investors may consider Adidas for its global presence and innovation in athletic technology;
- Under Armour, Inc. (NYSE: UA): Under Armour is an American company that produces footwear, sports, and casual apparel. Known for its performance-oriented products, Under Armour competes with brands like Nike and Adidas in the athletic apparel market. Investors interested in growth potential and innovation may find Under Armour an appealing option.
- Lululemon (NASDAQ: LULU): Lululemon is a Canadian athletic apparel retailer specializing in yoga-inspired clothing and accessories for men and women. Renowned for its high-quality fabrics, innovative designs, and focus on mindfulness, LULU has cultivated a dedicated following among fitness enthusiasts worldwide, making it an attractive investment option in the sports industry.
Step 2: Choose the right broker
To invest in sports stock, you’ll need to open an account with a brokerage firm that offers access to the stock market. You should look for a broker that suits your investment goals, offers a user-friendly platform, and provides access to a wide range of stocks, including those in the sports industry. That said, our go-to broker is eToro, a widely popular platform with a number of solid investing features, such as:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- Charting tools;
- A user-friendly platform that simplifies the trading experience.
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Step 3: Fund your account
Once you’ve chosen a broker, you’ll need to fund your investment account. This typically involves transferring money from your bank account to your brokerage account. Most brokers offer multiple funding options, including bank transfers, wire transfers, and electronic funds transfers (EFTs). Once your account is funded, you’ll be ready to start investing.
Step 4: Place your order
With your account funded, you can now place an order to buy sports stock. Use your broker’s trading platform to search for stocks in the sports industry. You can research different companies, analyze their financials, and read news articles to help inform your investment decisions. Once you’ve found a stock you’re interested in, select the number of shares you want to buy and place your order.
Pros and cons of buying sports stock
Pros
- Diversification: Investing in the sports industry can help diversify your investment portfolio and reduce risk;
- Potential for growth: The sports industry is constantly evolving, with new trends and technologies driving growth opportunities;
- Passion: If you’re a sports fan, investing in sports stock can allow you to support your favorite teams and athletes while potentially earning a return on your investment.
Cons
- Volatility: The sports industry can be volatile, with stock prices fluctuating based on factors such as team performance, player injuries, and changes in consumer preferences;
- Competition: The sports industry is highly competitive, with companies vying for market share in areas such as apparel, merchandise, and media rights;
- Regulatory risks: Regulatory changes, such as those related to doping scandals or player safety concerns, can impact the financial performance of sports companies.
Common investing mistakes when buying stocks
When investing in sports stocks, it’s important to avoid common mistakes that can undermine your investment success. Here are some pitfalls to watch out for:
- Failing to research: Investing in sports stock without conducting thorough research can lead to poor investment decisions;
- Ignoring diversification: Failing to diversify your investment portfolio beyond the sports industry can expose you to unnecessary risk;
- Emotional investing: Letting emotions such as fear or greed drive your investment decisions can lead to impulsive buying or selling.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Fanatics stock
Is Fanatics on the stock market?
No, Fanatics is not currently listed on the stock market. As of now, it is a private company and its shares are not available for public trading.
Is Fanatics a private or public company?
Fanatics is a private company. This means that its shares are owned by a small group of investors, including its founders, employees, and possibly venture capital firms or other private investors.
Does Fanatics make a profit?
Fanatics, like many privately held companies, does not disclose its financial information publicly. Therefore, specific details about its profitability are not readily available. However, it is known to be a major player in the sports merchandise industry, indicating that it likely generates revenue and aims for profitability.
How much is Fanatics worth?
The exact valuation of Fanatics is not publicly disclosed. Valuations of private companies like Fanatics are often based on various factors, including revenue, growth potential, market share, and investor sentiment. While estimates of Fanatics’ worth may exist, they are typically speculative and not officially confirmed by the company.
Is Fanatics a publicly traded stock?
No, Fanatics is not a publicly traded stock. As mentioned earlier, it is a private company, meaning its shares are not available for purchase on public stock exchanges.
What is Fanatics stock symbol?
Fanatics doesn’t have a stock symbol because it isn’t publicly traded.
What company owns Fanatics?
Fanatics is primarily owned by its founders and key executives, including Michael Rubin. Additionally, various investment firms, including Alibaba Group and SoftBank, have made significant investments in Fanatics. However, the exact ownership structure may not be publicly disclosed due to its status as a private company.
Highly Rated Stock Trading & Investing Platform
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
