BlackRock Amends DKS Stake to 9.1% as of Dec 31, 2023
Ticker: DKS · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1089063
| Field | Detail |
|---|---|
| Company | Dick'S Sporting Goods, INC. (DKS) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, stake-change
TL;DR
**BlackRock slightly trimmed its DKS stake to 9.1% as of year-end 2023.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, disclosing its ownership of DICK'S SPORTING GOODS, INC. common stock as of December 31, 2023. This amendment, number 2, indicates BlackRock now beneficially owns 7,688,088 shares, representing 9.1% of the company's outstanding common stock. This matters to investors because BlackRock, a major institutional investor, has slightly reduced its stake from a previous filing, which could signal a minor shift in its investment outlook for DICK'S SPORTING GOODS.
Why It Matters
This filing shows BlackRock's updated ownership in DICK'S SPORTING GOODS, providing transparency on a significant institutional investor's position, which can influence market perception and investor confidence.
Risk Assessment
Risk Level: low — The filing indicates a minor adjustment by a large institutional investor, which typically carries low risk for the average shareholder.
Analyst Insight
A smart investor would note BlackRock's slight reduction in stake, but recognize that a 9.1% holding still signifies strong institutional confidence. This information should be considered alongside other fundamental and technical analysis before making any investment decisions.
Key Numbers
- 7,688,088 — Shares Beneficially Owned (This is the total number of common stock shares of DICK'S SPORTING GOODS, INC. that BlackRock Inc. beneficially owns as of December 31, 2023.)
- 9.1% — Percentage of Class (This represents the percentage of DICK'S SPORTING GOODS, INC. common stock that BlackRock Inc. beneficially owns, indicating a significant but slightly reduced stake.)
- December 31, 2023 — Reporting Date (This is the specific date for which BlackRock's ownership position is being reported in the filing.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- DICK'S SPORTING GOODS, INC. (company) — the subject company whose shares are being reported
- 7,688,088 shares (dollar_amount) — the total number of shares beneficially owned by BlackRock
- 9.1% (dollar_amount) — the percentage of DICK'S SPORTING GOODS, INC. common stock owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant, but potentially slightly reduced, stake in DICK'S SPORTING GOODS, INC. throughout 2024. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of this SC 13G/A filing by BlackRock Inc. regarding DICK'S SPORTING GOODS, INC.?
This SC 13G/A is an amendment (Amendment No: 2) filed by BlackRock Inc. to update its beneficial ownership of Common Stock in DICK'S SPORTING GOODS, INC. as of December 31, 2023, as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.
How many shares of DICK'S SPORTING GOODS, INC. common stock does BlackRock Inc. beneficially own according to this filing?
As of December 31, 2023, BlackRock Inc. beneficially owns 7,688,088 shares of DICK'S SPORTING GOODS, INC. Common Stock.
What percentage of DICK'S SPORTING GOODS, INC.'s common stock does BlackRock Inc.'s ownership represent?
BlackRock Inc.'s beneficial ownership of 7,688,088 shares represents 9.1% of the outstanding Common Stock of DICK'S SPORTING GOODS, INC.
When was the 'Date of Event Which Requires Filing of this Statement' for this SC 13G/A?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated on the cover page of the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding DICK'S SPORTING GOODS, INC. (DKS).