Who Owns Dick's Sporting Goods Company?

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Who Owns Dick's Sporting Goods?

Understanding the ownership of a major retailer like Dick's Sporting Goods offers insights into its strategy and accountability. Founded in 1948, it transitioned from a family business to a public entity in 2002.

As of August 21, 2025, Dick's Sporting Goods, a Fortune 500 company, holds a market capitalization of approximately $17.64 billion USD, operating over 850 locations. Its trailing 12-month revenue reached $13.6 billion as of April 30, 2025.

The company's ownership is primarily held by institutional investors, individual shareholders, and company insiders, reflecting its status as a publicly traded entity. This structure influences its governance and strategic decisions, as seen in analyses like the Dick's Sporting Goods PESTEL Analysis.

The story of Dick's Sporting Goods begins in 1948 with Richard 'Dick' Stack. At just 18 years old, he launched the business with a modest $300 loan from his grandmother. Initially a fishing tackle store in Binghamton, New York, it expanded to become Dick's Clothing and Sporting Goods by 1958.

Founding Vision

Richard 'Dick' Stack started the company at a young age, driven by a desire to create his own opportunity after facing discouragement elsewhere.

Early Evolution

The initial fishing tackle store grew and diversified, eventually becoming a full-line sporting goods retailer by 1958.

Family Transition

In the early 1980s, ownership transitioned to Dick Stack's son, Edward W. Stack, and his siblings.

Leadership Change

Edward W. Stack joined full-time in 1977 and took over as chairman and CEO in 1984, initiating a period of significant growth.

Early Operations

At the time of the ownership change, the company operated just two stores in Upstate New York.

Founding Ownership Details

While specific early equity details of the family transfer are not public, Edward W. Stack's leadership was pivotal.

The early ownership of Dick's Sporting Goods was firmly rooted in the Stack family. Richard 'Dick' Stack founded the company, and later, his son Edward W. Stack, along with his siblings, took the reins. Edward W. Stack's leadership from the early 1980s onwards was crucial in guiding the company's expansion and eventual public offering, a key part of its Growth Strategy of Dick's Sporting Goods.

Key Milestones in Early Ownership

The foundational years saw a transition from a single founder to family leadership, setting the stage for future growth.

• Founded by Richard 'Dick' Stack in 1948.
• Evolved from a fishing tackle store to a sporting goods retailer by 1958.
• Ownership transferred to Edward W. Stack and siblings in the early 1980s.
• Edward W. Stack became Chairman and CEO in 1984.

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Dick's Sporting Goods transitioned from a family-owned business to a publicly traded entity in 2002. This shift significantly altered its ownership structure, opening the door for broader investment and influence from institutional and individual shareholders. The company's market capitalization has seen substantial growth since its Initial Public Offering (IPO).

The ownership of Dick's Sporting Goods is now predominantly held by institutional investors, who collectively owned 77.50% of the company's shares as of April 2025. These entities, numbering 1407, held approximately 64,664,812 shares with a total value of $12,235 million as of June 30, 2025. Key institutional shareholders include Fmr Llc, holding 6,635,234 shares, and The Vanguard Group, Inc., with 5,703,412 shares as of the same date. Insiders, comprising executives and family members, own 32.14% of the company. Edward W. Stack, the Executive Chairman, is the largest individual shareholder with 13.93 million shares, representing 17.41% of the company and a net worth of $5.6 billion as of March 5, 2025. Another significant insider holding is the Colombo Trustee Ua Dtd 10052020 Edward W. Stack Nongrantor Trust William, with an 11.02% stake. Public companies and retail investors account for the remaining 31.43% of shares.

Key Stakeholders in Dick's Sporting Goods

Understanding who owns Dick's Sporting Goods reveals a blend of institutional backing and significant insider influence. The company's evolution reflects strategic growth and market adaptation.

• Institutional investors hold the majority stake, indicating broad market confidence.
• Edward W. Stack, as Executive Chairman, is the largest individual shareholder.
• Insider ownership remains substantial, reflecting continued family and executive involvement.
• The company's ownership structure has evolved significantly since its IPO in 2002.
• Recent acquisitions signal a strategy to consolidate and expand market share.

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The Board of Directors at Dick's Sporting Goods is instrumental in guiding the company's strategic direction and governance. As of June 12, 2024, all twelve director nominees were elected, with terms set to expire in 2025. The board members bring a wealth of experience, averaging 15 years on the board and an average age of 61.5 years, with 83% of them being independent.

The voting power within Dick's Sporting Goods is significantly influenced by its dual-class share structure. Holders of common stock receive one vote per share, while Class B common stock holders are granted ten votes per share. This arrangement concentrates voting control, with Edward W. Stack, the Executive Chairman and a major individual shareholder, historically holding substantial voting power, controlling nearly two-thirds of the voting shares as of 2010. Key executives like Lauren Hobart (President and CEO) and Navdeep Gupta (CFO) also play vital roles in the company's leadership.

Understanding Dick's Sporting Goods Ownership Structure

The ownership structure of Dick's Sporting Goods is characterized by a dual-class share system that gives significant voting power to a select group of shareholders. This structure impacts how decisions are made and who ultimately controls the company's direction.

• Class B shareholders have 10 times the voting power of Class A shareholders.
• Edward W. Stack, the Executive Chairman, has historically held a dominant voting position.
• The company's corporate structure ensures a concentrated voting influence.
• Understanding this structure is key to comprehending Dick's Sporting Goods ownership.
• Recent shareholder proposals did not alter existing governance practices, reflecting the current power dynamics.

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In recent years, Dick's Sporting Goods has seen significant leadership changes and strategic financial actions. Lauren Hobart took over as CEO in early 2021, becoming the first woman to hold the position, while Edward W. Stack remains as Executive Chairman and the largest individual shareholder. The company has also been actively repurchasing its stock and increasing dividends, signaling a focus on shareholder returns.

The company has demonstrated a strong commitment to returning capital to shareholders through share repurchases and dividend increases. As of February 1, 2025, there was $511.5 million remaining under a previous share repurchase authorization. On March 10, 2025, a new five-year share repurchase program of up to $3 billion was authorized, adding to the total buyback capacity. Furthermore, the quarterly dividend was increased by 10% to $1.2125 per share, equating to an annualized dividend of $4.85 per share.

Share Repurchase Activity

In fiscal 2024, the company repurchased 1.3 million shares for $268.0 million. A new $3 billion repurchase program was authorized in March 2025.

Dividend Growth

The quarterly dividend saw a 10% increase to $1.2125 per share in March 2025. This brings the annualized dividend to $4.85 per share.

Strategic Acquisitions

The company acquired Moosejaw in February 2023. A significant agreement to acquire Foot Locker, Inc. for $2.4 billion was announced in May 2025.

Physical Footprint Expansion

Plans include opening approximately 16 additional House of Sport and 18 additional DICK'S Field House locations in 2025. The goal is to have 75 to 100 House of Sport stores nationwide by the end of 2027.

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