FMR LLC & Abigail Johnson Hold 14.999% Stake in Dick's Sporting Goods
Ticker: DKS · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1089063
| Field | Detail |
|---|---|
| Company | Dick'S Sporting Goods, INC. (DKS) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**FMR LLC and Abigail Johnson still own nearly 15% of DKS, signaling continued institutional confidence.**
AI Summary
FMR LLC, a parent holding company, and Abigail P. Johnson, a U.S. citizen, have jointly filed an amended SC 13G/A for DICK'S SPORTING GOODS, INC. (DKS). As of February 9, 2024, they collectively beneficially own 8,725,950 shares of common stock, representing 14.999% of the company. This filing indicates a significant, but passive, ownership stake by a major institutional investor, which can signal confidence in the company's long-term prospects to current and potential shareholders.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its principal, Abigail P. Johnson, maintain a substantial ownership in DKS, which can be a positive signal of institutional confidence in the company's future performance.
Risk Assessment
Risk Level: low — This filing indicates a passive ownership stake by a large institutional investor, which generally poses low risk to the company or its shareholders.
Analyst Insight
Investors should note the continued significant institutional ownership by FMR LLC and Abigail P. Johnson, which can be a sign of long-term confidence in DKS, but this filing itself doesn't suggest immediate action beyond monitoring future filings for changes in ownership percentage.
Key Numbers
- 8,725,950 — Shares Beneficially Owned (Represents the total number of common stock shares of DICK'S SPORTING GOODS, INC. held by FMR LLC and Abigail P. Johnson.)
- 14.999% — Percent of Class (Indicates the significant portion of DICK'S SPORTING GOODS, INC. common stock owned by FMR LLC and Abigail P. Johnson, signaling a substantial institutional stake.)
Key Players & Entities
- FMR LLC (company) — parent holding company filing the SC 13G/A
- Abigail P. Johnson (person) — reporting person with beneficial ownership
- DICK'S SPORTING GOODS, INC. (company) — the issuer of the common stock
- 8,725,950 (dollar_amount) — total shares beneficially owned
- 14.999% (dollar_amount) — percentage of class beneficially owned
Forward-Looking Statements
- FMR LLC will maintain a significant, passive stake in DICK'S SPORTING GOODS, INC. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the reporting persons in this SC 13G/A filing for DICK'S SPORTING GOODS, INC.?
The reporting persons are FMR LLC, a parent holding company, and Abigail P. Johnson, an individual from the United States of America, as stated in Item 1 of the filing for each reporting person.
What is the total number of shares of DICK'S SPORTING GOODS, INC. common stock beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson each report beneficial ownership of 8,725,950 shares of DICK'S SPORTING GOODS, INC. common stock, as detailed in Item 9 for FMR LLC and Item 7 for Abigail P. Johnson, and Item 4(a) for FMR LLC.
What percentage of DICK'S SPORTING GOODS, INC.'s common stock do the reporting persons collectively own?
The reporting persons, FMR LLC and Abigail P. Johnson, each report owning 14.999% of the class of DICK'S SPORTING GOODS, INC. common stock, as stated in Item 11 for both reporting persons and Item 4(b) for FMR LLC.
What is the CUSIP number for DICK'S SPORTING GOODS, INC. common stock mentioned in this filing?
The CUSIP number for DICK'S SPORTING GOODS, INC. common stock is 253393102, as specified in the Schedule 13G Amendment No.4 section and Item 2(e).
What rule is this Schedule 13G/A filed under?
This Schedule 13G/A is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the 'Check the appropriate box to designate the rule pursuant to which this Schedule is filed' section.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding DICK'S SPORTING GOODS, INC. (DKS).