Analysts at StockNews.com started coverage on shares of Culp (NYSE:CULP - Get Free Report) in a report issued on Sunday. The brokerage set a "hold" rating on the textile maker's stock.
Culp Trading Down 1.6 %
Shares of CULP stock traded down $0.08 during trading hours on Friday, reaching $4.87. 27,811 shares of the stock were exchanged, compared to its average volume of 14,925. The firm has a market capitalization of $60.83 million, a price-to-earnings ratio of -2.90 and a beta of 1.20. Culp has a 12-month low of $4.25 and a 12-month high of $6.85. The company's 50-day moving average price is $5.48 and its 200-day moving average price is $5.13.
Culp (NYSE:CULP - Get Free Report) last announced its earnings results on Wednesday, September 4th. The textile maker reported ($0.37) earnings per share (EPS) for the quarter. Culp had a negative net margin of 9.43% and a negative return on equity of 21.63%. The business had revenue of $56.54 million for the quarter.
Insider Activity
In other Culp news, Director Sharon A. Decker purchased 5,000 shares of Culp stock in a transaction dated Thursday, September 26th. The stock was acquired at an average price of $5.99 per share, for a total transaction of $29,950.00. Following the acquisition, the director now owns 45,383 shares in the company, valued at $271,844.17. This trade represents a 12.38 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Aron R. English acquired 7,652 shares of the company's stock in a transaction dated Monday, September 9th. The shares were acquired at an average price of $5.39 per share, for a total transaction of $41,244.28. Following the completion of the purchase, the insider now owns 1,347,366 shares of the company's stock, valued at approximately $7,262,302.74. This represents a 0.57 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 238,959 shares of company stock valued at $1,440,336. Corporate insiders own 7.30% of the company's stock.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Culp stock. Geode Capital Management LLC boosted its position in shares of Culp, Inc. (NYSE:CULP - Free Report) by 14.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,825 shares of the textile maker's stock after acquiring an additional 12,830 shares during the period. Geode Capital Management LLC owned 0.83% of Culp worth $680,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 75.05% of the company's stock.
Culp Company Profile
(
Get Free Report)
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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