SCHEDULE: FMR LLC Boosts Stake in DICK'S Sporting Goods to 7.9%

FMR LLC and its affiliates, including Abigail P. Johnson, reported a beneficial ownership of 7.9% of DICK'S Sporting Goods Inc. common stock as of December 31, 2025.

Summary

• FMR LLC and its affiliates, including Abigail P. Johnson, collectively reported beneficial ownership of 5,251,763.46 shares of DICK'S Sporting Goods Inc. common stock.
• This represents 7.9% of the total outstanding common stock of DICK'S Sporting Goods Inc.
• FMR LLC holds sole voting power over 4,978,116.48 shares and sole dispositive power over 5,251,763.46 shares.
• Abigail P. Johnson, as a control person of FMR LLC, is deemed to beneficially own the same aggregate amount of shares with sole dispositive power.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater of the security class.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as a large, reputable institutional investor maintaining a significant stake suggests ongoing confidence in DICK'S Sporting Goods Inc. without any indication of an activist agenda.

Positives

• A significant institutional investor, FMR LLC, maintains a substantial 7.9% stake in DICK'S Sporting Goods, indicating continued confidence in the company.
• The holding is stated to be in the ordinary course of business, suggesting a long-term investment perspective rather than an activist stance.

Negatives

• No specific negative information regarding DICK'S Sporting Goods Inc. is disclosed in this beneficial ownership report.

Risks

• This filing does not detail specific risks related to DICK'S Sporting Goods Inc.'s operations or financial performance.
• The primary risk disclosed is the inherent market risk associated with holding common stock.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding DICK'S Sporting Goods Inc.'s future performance or outlook.

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.
• After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Industry Context

StockSavvy.ai notes that a significant stake held by a major institutional investor like FMR LLC in a leading sporting goods retailer such as DICK'S Sporting Goods Inc. can signal market confidence in the company's business model and long-term growth prospects within the retail sector. This type of disclosure is common for large asset managers who hold diversified portfolios.

Comparison to Industry Standards

• This Schedule 13G filing primarily concerns beneficial ownership disclosure and does not provide specific operational or financial results for direct comparison to industry standards or competitors like Nike, Adidas, or Lululemon.
• However, the substantial institutional ownership by FMR LLC is consistent with large-cap companies that attract significant investment from major asset managers.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by FMR LLC may be viewed positively, potentially signaling institutional confidence and stability in the shareholder base.
• Management: Awareness of a large institutional holder may influence management's strategic decisions, though the filing explicitly states the holding is not for control purposes.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to monitor their beneficial ownership in DICK'S Sporting Goods Inc.
• Further Schedule 13G amendments will be filed if there are material changes to their ownership percentage (e.g., an increase or decrease of more than 1%).

Key Dates

Recommendation

A Schedule 13G filing primarily discloses beneficial ownership and does not provide sufficient operational or financial data to warrant a 'buy' or 'sell' recommendation. However, the continued significant stake by a major institutional investor like FMR LLC suggests a 'hold' position, indicating that the investment community sees ongoing value in DICK'S Sporting Goods Inc. without immediate catalysts for a strong buy or sell action based solely on this filing.

Keywords

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