Investigation Overview
April 28, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Dicks Sporting Goods Inc (NYSE:DKS) shares over potential securities laws violations by Dicks Sporting Goods and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Dicks Sporting Goods Inc (NYSE:DKS) concerning whether a series of statements by Dicks Sporting Goods regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On August 20, 2013, Dicks Sporting Goods Inc reported its second quarter of 2012 financial results and issued its outlook for 2013. Shares of Dicks Sporting Goods Inc (NYSE:DKS) grew from $46.41 per share on August 30, 2014 to as high as $57.59 per share in January 2014.
On May 20, 2014, Dicks Sporting Goods Inc reported its first quarter results and revised its full year outlook. Shares of Dicks Sporting Goods Inc (NYSE:DKS) declined to as low as $43.08 per share on May 23, 2014.