ATLANTA, Feb. 29, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Dick’s Sporting Goods, Inc. (“DSG” or the “Company”) (NYSE: DKS). The lawsuit alleges Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company’s inventory, margins, and prospects, including allegations that: (a) demand for products in DSG’s Outdoor segment was slowing faster than defendants represented, resulting in excess inventory; (b) 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; and (c) the need to liquidate excess inventory, including in the Outdoor segment, would have a materially negative effect on the Company’s profitability.

If you bought DSG’s shares between May 25, 2022 and August 21, 2023, and suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888)-508-6832 or, you may visit the firm’s website at www.holzerlaw.com/case/dick’s/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is April 22, 2024.

Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.  

CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com