SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 11% Stake in DICK'S Sporting Goods

FMR LLC and its Chairman and CEO, Abigail P. Johnson, have jointly filed an amended Schedule 13G, revealing a combined beneficial ownership of 11.0% of DICK'S Sporting Goods Inc.'s common stock as of December 31, 2024.

Summary

• FMR LLC and Abigail P. Johnson have filed an Amendment No. 5 to Schedule 13G, reporting their beneficial ownership in DICK'S Sporting Goods Inc.
• As of December 31, 2024, the aggregate amount beneficially owned by FMR LLC and Abigail P. Johnson is 6,390,210.66 shares of common stock.
• This represents 11.0% of the total outstanding common stock of DICK'S Sporting Goods Inc.
• FMR LLC holds sole voting power over 6,037,604.98 shares and sole dispositive power over 6,390,210.66 shares.
• Abigail P. Johnson, through her role as Director, Chairman, and Chief Executive Officer of FMR LLC, and the Johnson family's predominant ownership of FMR LLC's voting shares, is deemed to have sole dispositive power over 6,390,210.66 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment regarding the issuer's performance. The disclosure of a significant 11% stake by a major institutional investor like FMR LLC could be viewed positively by some investors as a vote of confidence, but the filing itself is purely informational.

Future Outlook

NA

Industry Context

This filing indicates a significant institutional stake by FMR LLC, a major asset manager, in a prominent sporting goods retailer. Such a substantial holding suggests FMR LLC's confidence in the long-term prospects of DICK'S Sporting Goods within the retail sector, particularly in the sporting goods segment.

Stakeholder Impact

• Shareholders: The disclosure of a significant 11% stake by a major institutional investor like FMR LLC could influence investor perception and potentially share price, signaling institutional confidence or a notable concentration of ownership.

Key Dates

Keywords

DICK'S Sporting Goods, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Retail, Sporting Goods