Culp (NYSE:CULP - Get Free Report)'s stock had its "sell (d-)" rating reissued by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.
Culp Stock Performance
Shares of CULP traded down $0.01 during trading hours on Wednesday, hitting $4.34. The stock had a trading volume of 15,008 shares, compared to its average volume of 32,347. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.81 and a current ratio of 1.86. The firm has a 50-day moving average price of $4.31 and a 200 day moving average price of $4.24. Culp has a fifty-two week low of $3.42 and a fifty-two week high of $6.20. The firm has a market capitalization of $54.68 million, a price-to-earnings ratio of -4.47 and a beta of 1.08.
Culp (NYSE:CULP - Get Free Report) last posted its quarterly earnings data on Wednesday, September 10th. The textile maker reported ($0.02) earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $0.10. The company had revenue of $50.69 million during the quarter, compared to analysts' expectations of $57.50 million. Culp had a negative net margin of 5.82% and a negative return on equity of 11.68%. During the same period in the prior year, the business posted ($0.36) earnings per share.
Insider Activity
In other Culp news, CEO Robert George Iv Culp bought 7,428 shares of the company's stock in a transaction dated Monday, September 22nd. The stock was acquired at an average price of $4.42 per share, with a total value of $32,831.76. Following the completion of the acquisition, the chief executive officer directly owned 111,458 shares of the company's stock, valued at $492,644.36. This represents a 7.14% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired a total of 15,147 shares of company stock worth $66,292 over the last ninety days. 7.40% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. acquired a new stake in Culp in the third quarter valued at approximately $51,000. Wealthedge Investment Advisors LLC boosted its position in shares of Culp by 132.2% in the 1st quarter. Wealthedge Investment Advisors LLC now owns 54,045 shares of the textile maker's stock worth $270,000 after buying an additional 30,772 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Culp by 10.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 694,888 shares of the textile maker's stock valued at $2,731,000 after purchasing an additional 62,932 shares in the last quarter. Finally, 22NW LP lifted its holdings in Culp by 14.4% in the 1st quarter. 22NW LP now owns 1,859,061 shares of the textile maker's stock valued at $9,295,000 after purchasing an additional 234,346 shares in the last quarter. 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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