Shares of Culp, Inc. (NYSE:CULP) have earned a consensus broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating and one has assigned a strong buy rating to the company.
Brokerages have set a 1 year consensus price objective of $22.00 for the company and are anticipating that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also given Culp an industry rank of 236 out of 256 based on the ratings given to related companies.
Several equities research analysts have commented on CULP shares. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research lowered GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th.
Shares of Culp stock traded down $0.35 on Tuesday, hitting $17.58. The company’s stock had a trading volume of 19,167 shares, compared to its average volume of 18,825. Culp has a 1 year low of $16.41 and a 1 year high of $27.77. The firm’s fifty day moving average is $18.35. The firm has a market cap of $217.83 million, a P/E ratio of 29.30 and a beta of 0.50.
Culp (NYSE:CULP) last announced its quarterly earnings results on Wednesday, June 12th. The textile maker reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.21). Culp had a net margin of 1.91% and a return on equity of 4.47%. The business had revenue of $70.96 million during the quarter, compared to analysts’ expectations of $70.29 million. Equities analysts anticipate that Culp will post 0.87 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Friday, July 5th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $0.40 annualized dividend and a yield of 2.28%. Culp’s dividend payout ratio (DPR) is currently 97.56%.
In other Culp news, insider Thomas Bernard Gallagher, Jr. sold 1,400 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $18.26, for a total transaction of $25,564.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.70% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of CULP. Keeley Teton Advisors LLC grew its position in shares of Culp by 54.4% in the first quarter. Keeley Teton Advisors LLC now owns 77,029 shares of the textile maker’s stock valued at $1,481,000 after purchasing an additional 27,126 shares in the last quarter. Martingale Asset Management L P grew its position in shares of Culp by 46.4% in the first quarter. Martingale Asset Management L P now owns 73,518 shares of the textile maker’s stock valued at $1,414,000 after purchasing an additional 23,301 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Culp by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 780,927 shares of the textile maker’s stock valued at $14,760,000 after purchasing an additional 17,927 shares in the last quarter. Wedge Capital Management L L P NC grew its position in shares of Culp by 57.6% in the first quarter. Wedge Capital Management L L P NC now owns 47,948 shares of the textile maker’s stock valued at $922,000 after purchasing an additional 17,517 shares in the last quarter. Finally, Moors & Cabot Inc. grew its position in shares of Culp by 106.0% in the first quarter. Moors & Cabot Inc. now owns 25,258 shares of the textile maker’s stock valued at $494,000 after purchasing an additional 12,999 shares in the last quarter. Institutional investors and hedge funds own 84.94% of the company’s stock.
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 North America, the Far East, Asia, and internationally. It operates in two segments, Mattress Fabrics and Upholstery Fabrics. The Mattress Fabrics segment offers woven jacquard, knitted, and converted fabrics for use in the production of bedding products, including mattresses, box springs, foundations, and top of bed components.
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