Duluth Surrenders Some Early Gains, Still Up 12%

Duluth Holdings Inc DLTH shares are trading higher by $3.00 (13 percent) at $22.26 in Wednesday's session.

The catalyst for the maker of men's and women's work-wear clothing is a Q3 EPS beat of $0.03 along with a $11.6 million beat for sales. The company sees FY 2017 EPS in the range of the Street's $0.69 estimates at $0.66 to $0.71 and sales to be above Street estimates of $443.9 million.

Duluth's stock much higher opening print of $23.42 has turned out to be the high for the session. That level comes in just ahead of the pair of highs from February 19 ($23.64) and February 13 ($23.76).

Since reversing course, the stock retreated to $21.70, which is well ahead of the top of Tuesday's range ($19.51) and rebounded back into the $22.00 handle.