{"id":62848,"date":"2024-02-21T19:47:05","date_gmt":"2024-02-21T19:47:05","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/dicks-sporting-goods-inc-shareholder-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-dicks-sporting-goods-inc-nyse-dks\/"},"modified":"2024-02-21T19:47:05","modified_gmt":"2024-02-21T19:47:05","slug":"dicks-sporting-goods-inc-shareholder-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-dicks-sporting-goods-inc-nyse-dks","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/dicks-sporting-goods-inc-shareholder-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-dicks-sporting-goods-inc-nyse-dks\/","title":{"rendered":"DICK\u2019S SPORTING GOODS, INC. SHAREHOLDER ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Dick\u2019s Sporting Goods, Inc. (NYSE: DKS)"},"content":{"rendered":"<div id=\"main-body-container\" itemprop=\"articleBody\">\n<p align=\"justify\">NEW YORK, Feb.  21, 2024  (GLOBE NEWSWIRE) &#8212; Bernstein Liebhard LLP:<\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify;\"><strong>Do you, or did you, own shares of Dick\u2019s Sporting Goods, Inc. (NYSE: DKS)?<\/strong><\/li>\n<li style=\"text-align:justify;\"><strong>Did you purchase your shares between May 25, 2022 and August 21, 2023, inclusive?<\/strong><\/li>\n<li style=\"text-align:justify;\"><strong>Did you lose money in your investment in Dick\u2019s Sporting Goods, Inc.?<\/strong><\/li>\n<li style=\"text-align:justify;\"><strong>Do you want to discuss your rights?<\/strong><\/li>\n<\/ul>\n<p align=\"justify\">Bernstein Liebhard LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the common stock of Dick\u2019s Sporting Goods, Inc. (\u201cDSG\u201d or the \u201cCompany\u201d) (NYSE: DKS) between <strong>May 25, 2022 and August 21, 2023<\/strong>, inclusive (the \u201cClass Period\u201d). The lawsuit was filed in the United States District Court for the Western District of Pennsylvania and alleges violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the \u201cComplaint\u201d).<\/p>\n<p align=\"justify\">If you\u00a0<strong>purchased or acquired DSG common stock, and\/or would like to discuss your legal rights and options<\/strong>\u00a0please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=l6EEohnKKwR4spm3HcZDvaAwRANabdqbTHJs-KLf7mzYzZMQobDztOW-ZL9EhlJiQVFqJHkuN_9f5dTaCl0fKcykDYJSqvKoWgQaYJbVHHk4Jl_sn3-UaEoOgCADrKUU_OtxdJeJV3EPG0Uc1G_eNFx50pLRJx6GY7gNbZ6MJyxk3J22M2gEpboDBgrgcZCRnp8Z0BnV6luN4OFipdIgKWtlUydLuFKvaL3gYKole_neAKDr_n3peHhFNgn5A8UF\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Dick\u2019s Sporting Goods, Inc. Shareholder Class Action Lawsuit\">Dick\u2019s Sporting Goods, Inc. Shareholder Class Action Lawsuit<\/a> or contact Investor Relations Manager <strong>Peter Allocco<\/strong> at (212) 951-2030\u00a0or\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=w2vzSe1uH6HsgnoKl_ULqHFs3KlY8mx5ykyIZxCT8JSURWbrnAKKTVQIIQP76vt-jb0qAkQbnMkKid_d7l12slPfEjVbtkjBf0Jh1MHU3l0=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"pallocco@bernlieb.com\">pallocco@bernlieb.com<\/a>.<\/p>\n<p align=\"justify\">According to the Complaint, DSG is a leading sporting goods retailer that sells sports equipment, apparel, footwear, and accessories to retail consumers throughout the United States. DSG is an \u201comnichannel\u201d retailer, meaning it offers products to consumers in physical store locations as well as online and through mobile apps. The Company has over 700 physical locations across the United States.<\/p>\n<p align=\"justify\">Throughout the Class Period, Defendants failed to disclose to investors that: (i) demand for products in DSG\u2019s Outdoor segment was slowing faster than defendants represented, resulting in excess inventory; (ii) the \u201cstructural changes\u201d that defendants repeatedly touted, including differentiated products, improved pricing technology, and more efficient clearance channels, did not allow DSG to manage its excess inventory without hurting its profitability; and (iii) the need to liquidate excess inventory, including in the Outdoor segment, would have a materially negative effect on DSG\u2019s profitability.<\/p>\n<p align=\"justify\">On August 22, 2023, DSG revealed that profitability for the second quarter of 2023 was significantly lower than previously represented. Specifically, DSG\u2019s net income was $244 million (compared to the analyst consensus estimate of $338 million), earnings per share were $2.82 (compared to the analyst consensus estimate of $3.81), gross margin was 34.4% (compared to the analyst consensus estimate of 36.3%), and pre-tax margin was 10.2% (below DSG\u2019s previously-issued guidance of 11.7%). DSG also lowered its profitability guidance for the rest of fiscal year 2023.<\/p>\n<p align=\"justify\">On this news, DSG\u2019s stock price fell $35.51, or over 24%, to close at $111.53 per share on August 22, 2023.<\/p>\n<p align=\"justify\">If you wish to serve as lead plaintiff, you must move the Court no later than <strong><u>April 22, 2024<\/u><\/strong>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn\u2019t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.<\/p>\n<p align=\"justify\">If you\u00a0<strong>purchased or acquired DSG common stock, and\/or would like to discuss your legal rights and options<\/strong>\u00a0please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=l6EEohnKKwR4spm3HcZDvaAwRANabdqbTHJs-KLf7mzYzZMQobDztOW-ZL9EhlJiQVFqJHkuN_9f5dTaCl0fKbKzyJcLPCgCVG-2w3IVO9_xIAzQUBqr1oWAd67Gv5TvhQdqxChEf51AfmOQoa4hL9uP2l0SWuRvrf8DoXd5RhqhcvoDr4_CgxtjQbO0FOe13cY0p0jsttcjRR82ZNte2_2aKPfJHV5-x9vRFLxlJUTJLJCXjwS15sWKHsRCfLH5\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Dick\u2019s Sporting Goods, Inc. Shareholder Class Action Lawsuit\">Dick\u2019s Sporting Goods, Inc. Shareholder Class Action Lawsuit<\/a> or contact Investor Relations Manager <strong>Peter Allocco<\/strong> at (212) 951-2030\u00a0or\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=w2vzSe1uH6HsgnoKl_ULqHFs3KlY8mx5ykyIZxCT8JTKa50SyOuC_a0obc42iEokLJg4pFxPk84jEK2duanI9ZgaoZyfC8CAuBovudcFiMg=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"pallocco@bernlieb.com\">pallocco@bernlieb.com<\/a>.<\/p>\n<p align=\"justify\">Since 1993, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=BIj1zct1Tw7hBZl9lALZk_GMzH5ZBjBI8XYqnAJq3lyllLTPFihtilIh9h19C9sMbZK1ldnwXxSPmk_1L-nDbhiRrNWV6KxTRqvDZgDhlFQ=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Bernstein Liebhard LLP\">Bernstein Liebhard LLP<\/a> has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal\u2019s \u201cPlaintiffs\u2019 Hot List\u201d thirteen times and listed in The Legal 500 for sixteen consecutive years.<\/p>\n<p align=\"justify\">ATTORNEY ADVERTISING. \u00a9 2024 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.<\/p>\n<p>Contact Information:<\/p>\n<p><strong>Peter Allocco<\/strong><br \/>Investor Relations Manager<br \/>Bernstein Liebhard LLP<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dfSzZFSelgKx_0GORpmUgh2rfHUbkOTEp7Q5Q4qmhyFkCpCoPWfyjBAskhvow0Ku8qZ5xa0dBOg6wyl1x_3fNYTdxrlsNUTwIXKGMAavqq4=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\">https:\/\/www.bernlieb.com<\/a><br \/>(212) 951-2030<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=w2vzSe1uH6HsgnoKl_ULqHFs3KlY8mx5ykyIZxCT8JQxp8jBCZuVxUGTj8aUDm4mcktjJvw9vXiwLDxODiNRYlhLmm3IkPBWqoaWo_xTzUg=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"pallocco@bernlieb.com\">pallocco@bernlieb.com<\/a><\/p>\n<p>\n            <\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Feb. 21, 2024 (GLOBE NEWSWIRE) &#8212; Bernstein Liebhard LLP: Do you, or did you, own shares of Dick\u2019s Sporting Goods, Inc. (NYSE: DKS)? Did you purchase your shares between May 25, 2022 and August 21, 2023, inclusive? Did you lose money in your investment in Dick\u2019s Sporting Goods, Inc.? Do you want to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":62849,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/5d514042-8326-4555-8ad7-f6cc765ecfcd","fifu_image_alt":"","footnotes":""},"categories":[208],"tags":[],"class_list":["post-62848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"NEW YORK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP: Do you, or did you, own shares of Dick\u2019s Sporting Goods, Inc. 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