Culp, Inc. (NYSE:CULP - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.05 and traded as high as $5.19. Culp shares last traded at $4.92, with a volume of 87,513 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on Culp in a report on Thursday. They issued a "hold" rating for the company.
View Our Latest Analysis on Culp
Culp Stock Performance
The firm has a market capitalization of $62.20 million, a P/E ratio of -3.42 and a beta of 1.22. The stock has a 50-day moving average of $5.73 and a 200 day moving average of $5.05.
Culp (NYSE:CULP - Get Free Report) last announced its quarterly earnings data on Wednesday, September 4th. The textile maker reported ($0.37) EPS for the quarter. Culp had a negative net margin of 7.88% and a negative return on equity of 19.51%. The firm had revenue of $56.54 million during the quarter.
Insider Buying and Selling
In related news, major shareholder Aron R. English bought 7,652 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were acquired at an average price of $5.39 per share, with a total value of $41,244.28. Following the completion of the transaction, the insider now owns 1,347,366 shares in the company, valued at $7,262,302.74. The trade was a 0.57 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sharon A. Decker purchased 5,000 shares of Culp stock in a transaction that occurred on Thursday, September 26th. The shares were acquired at an average price of $5.99 per share, with a total value of $29,950.00. Following the acquisition, the director now directly owns 45,383 shares of the company's stock, valued at $271,844.17. This trade represents a 12.38 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 238,959 shares of company stock valued at $1,440,336. 7.30% of the stock is owned by company insiders.
Institutional Investors Weigh In On Culp
A hedge fund recently raised its stake in Culp stock. Vanguard Group Inc. increased its holdings in Culp, Inc. (NYSE:CULP - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 485,420 shares of the textile maker's stock after purchasing an additional 19,640 shares during the quarter. Vanguard Group Inc. owned approximately 3.89% of Culp worth $2,330,000 at the end of the most recent reporting period. 75.05% of the stock is currently owned by institutional investors and hedge funds.
About Culp
(
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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