StockNews.com started coverage on shares of Culp (NYSE:CULP - Free Report) in a research report released on Saturday. The firm issued a hold rating on the textile maker's stock.
Culp Stock Up 1.4 %
CULP traded up $0.07 on Friday, hitting $5.25. The company had a trading volume of 7,995 shares, compared to its average volume of 19,999. The business's fifty day simple moving average is $5.58 and its 200 day simple moving average is $5.10. Culp has a 12-month low of $4.25 and a 12-month high of $6.85. The company has a market cap of $65.57 million, a PE ratio of -3.70 and a beta of 1.22.
Culp (NYSE:CULP - Get Free Report) last posted its quarterly earnings data on Wednesday, September 4th. The textile maker reported ($0.37) earnings per share (EPS) for the quarter. The company had revenue of $56.54 million during the quarter. Culp had a negative net margin of 7.88% and a negative return on equity of 19.51%.
Insider Transactions at Culp
In related news, major shareholder Aron R. English bought 7,652 shares of Culp stock in a transaction dated Monday, September 9th. The shares were acquired at an average cost 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sharon A. Decker purchased 5,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was purchased 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. Over the last three months, insiders have acquired 238,959 shares of company stock worth $1,440,336. 7.30% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Culp
A hedge fund recently raised its stake in Culp stock. Vanguard Group Inc. boosted its holdings in shares of Culp, Inc. (NYSE:CULP - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 485,420 shares of the textile maker's stock after buying an additional 19,640 shares during the quarter. Vanguard Group Inc. owned approximately 3.89% of Culp worth $2,330,000 as of its most recent SEC filing. 75.05% of the stock is currently owned by hedge funds and other institutional investors.
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.
Recommended Stories
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
