Recent Security Class Actions

Dick’s Sporting Goods Inc Common Stock (NYSE: DKS)

Company Name:Dick's Sporting Goods Inc Common Stock
Stock Symbol:NYSE: DKS
Class Period Start:05/25/2022
Class Period End (inclusive):08/21/2023
Filing Deadline:04/16/2024

The Complaint alleges that during the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (i) demand for products in DSG’s Outdoor segment was slowing faster than Defendants represented, resulting in excess inventory; (ii) the “structural changes” that Defendants repeatedly touted, including differentiated products, improved pricing technology, and more efficient clearance channels, did not allow the Company to manage its excess inventory without hurting the Company’s profitability; (iii) the need to liquidate excess inventory, including in the Outdoor segment, would have a materially negative effect on the Company’s profitability; and (iv) as a result of (i)-(iii) above, Defendants’ statements about DSG’s business condition and prospects were materially false and misleading when made.