StockNews.com started coverage on shares of Culp (NYSE:CULP – Free Report) in a research report released on Sunday. The brokerage issued a hold rating on the textile maker’s stock.
Culp Stock Performance
Shares of CULP stock opened at $5.94 on Friday. Culp has a 52-week low of $4.25 and a 52-week high of $6.85. The company has a 50-day simple moving average of $5.42 and a two-hundred day simple moving average of $4.90. The company has a market capitalization of $74.07 million, a price-to-earnings ratio of -5.35 and a beta of 1.19.
Culp (NYSE:CULP – Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The textile maker reported ($0.37) earnings per share (EPS) for the quarter. Culp had a negative return on equity of 19.51% and a negative net margin of 7.88%. The firm had revenue of $56.54 million during the quarter.
Insider Activity
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Culp stock. Vanguard Group Inc. boosted its holdings in Culp, Inc. (NYSE:CULP – Free Report) by 4.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 485,420 shares of the textile maker’s stock after buying an additional 19,640 shares during the period. Vanguard Group Inc. owned approximately 3.89% of Culp worth $2,330,000 as of its most recent filing with the Securities and Exchange Commission. 75.05% of the stock is owned by institutional investors.
About Culp
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.
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