StockNews.com assumed coverage on shares of Culp (NYSE:CULP – Free Report) in a research note issued to investors on Monday morning. The firm issued a hold rating on the textile maker’s stock.
Culp Stock Performance
Shares of Culp stock opened at $5.05 on Monday. Culp has a one year low of $4.25 and a one year high of $5.99. The company has a market cap of $62.97 million, a price-to-earnings ratio of -4.55 and a beta of 1.21. The business’s 50 day moving average price is $4.85 and its 200 day moving average price is $4.68.
Culp (NYSE:CULP – Get Free Report) last announced its quarterly earnings data on Friday, June 28th. The textile maker reported ($0.39) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.05. Culp had a negative return on equity of 16.42% and a negative net margin of 6.13%. The firm had revenue of $49.53 million for the quarter, compared to the consensus estimate of $49.76 million. During the same quarter last year, the business posted ($0.38) earnings per share. On average, analysts predict that Culp will post -0.03 EPS for the current fiscal year.
Insider Buying and Selling
Institutional Investors Weigh In On Culp
A number of institutional investors have recently modified their holdings of CULP. Essex Investment Management Co. LLC acquired a new stake in shares of Culp in the fourth quarter valued at $256,000. Vanguard Group Inc. grew its stake in shares of Culp by 4.2% in the first quarter. Vanguard Group Inc. now owns 485,420 shares of the textile maker’s stock valued at $2,330,000 after buying an additional 19,640 shares in the last quarter. Finally, Gate City Capital Management LLC acquired a new stake in shares of Culp in the fourth quarter valued at $6,010,000. 75.05% of the stock is owned by institutional investors and hedge funds.
Culp Company Profile
Culp, Inc manufactures, sources, markets, and sells mattress fabrics, sewn covers, and cut and sewn kits for use in mattresses, foundations, and other bedding products in the United States, North America, the Far East, Asia, and internationally. It operates in two segments, Mattress Fabrics and Upholstery Fabrics.
Read More
- Five stocks we like better than Culp
- Where Do I Find 52-Week Highs and Lows?
- BHP Stock: The Under-the-Radar Growth Story in Commodities
- Best Aerospace Stocks Investing
- Analysts Upgrade These 3 Hot Buy-and-Hold Stocks
- Where to Find Earnings Call Transcripts
- Kohl’s Charts a Resilient Path in a Challenging Retail Landscape
Receive News & Ratings for Culp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Culp and related companies with MarketBeat.com's FREE daily email newsletter.