Analysts at StockNews.com started coverage on shares of Culp (NYSE:CULP - Get Free Report) in a note issued to investors on Sunday. The brokerage set a "hold" rating on the textile maker's stock.
Culp Stock Performance
Shares of CULP stock traded up $0.04 on Friday, hitting $5.33. The company's stock had a trading volume of 4,316 shares, compared to its average volume of 20,562. Culp has a fifty-two week low of $4.25 and a fifty-two week high of $6.85. The stock's 50 day moving average is $5.45 and its 200-day moving average is $5.41. The company has a market capitalization of $66.93 million, a PE ratio of -3.17 and a beta of 1.16.
Culp (NYSE:CULP - Get Free Report) last issued its earnings results on Wednesday, December 4th. The textile maker reported ($0.29) EPS for the quarter. Culp had a negative return on equity of 22.50% and a negative net margin of 9.43%.
Insiders Place Their Bets
In other Culp news, CEO Robert George Iv Culp bought 8,508 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was acquired at an average price of $5.42 per share, with a total value of $46,113.36. Following the completion of the purchase, the chief executive officer now owns 78,029 shares of the company's stock, valued at approximately $422,917.18. This trade represents a 12.24 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mary Elizabeth Hunsberger acquired 5,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average cost of $5.55 per share, for a total transaction of $27,750.00. Following the completion of the transaction, the insider now directly owns 15,000 shares in the company, valued at $83,250. The trade was a 50.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 31,495 shares of company stock worth $167,062 over the last 90 days. Corporate insiders own 7.30% of the company's stock.
Hedge Funds Weigh In On Culp
An institutional investor recently raised its position in Culp stock. Geode Capital Management LLC increased its position in Culp, Inc. (NYSE:CULP - Free Report) by 14.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,825 shares of the textile maker's stock after acquiring an additional 12,830 shares during the quarter. Geode Capital Management LLC owned about 0.83% of Culp worth $680,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.
Featured Articles
Before you consider Culp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Culp wasn't on the list.
While Culp currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
