Culp (CULP) Stock Forecast, Price & News

Culp's stock was trading at $4.59 at the beginning of 2023. Since then, CULP shares have increased by 2.4% and is now trading at $4.70.
View the best growth stocks for 2023 here.

Culp saw a drop in short interest in May. As of May 15th, there was short interest totaling 23,300 shares, a drop of 14.7% from the April 30th total of 27,300 shares. Based on an average daily volume of 17,600 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.2% of the company's stock are short sold.
View Culp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 5th 2023.
View our CULP earnings forecast.

Culp, Inc. (NYSE:CULP) announced its earnings results on Wednesday, December, 1st. The textile maker reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The textile maker had revenue of $74.56 million for the quarter, compared to analysts' expectations of $73.76 million. Culp had a negative trailing twelve-month return on equity of 30.11% and a negative net margin of 14.26%. During the same period in the previous year, the company earned $0.19 earnings per share.

Based on aggregate information from My MarketBeat watchlists, some companies that other Culp investors own include AT&T (T), Gilead Sciences (GILD), International Business Machines (IBM), Pfizer (PFE), Philip Morris International (PM), Verizon Communications (VZ), Walgreens Boots Alliance (WBA), WestRock (WRK), AbbVie (ABBV) and Carnival Co. & (CCL).

Culp trades on the New York Stock Exchange (NYSE) under the ticker symbol "CULP."

Culp's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (5.57%), Dimensional Fund Advisors LP (5.47%), Brown Advisory Inc. (4.21%), Ameriprise Financial Inc. (2.97%), Grace & White Inc. NY (1.52%) and Ancora Advisors LLC (1.19%). Insiders that own company stock include Franklin N Saxon, Fred A Jackson, Jonathan Lee Kelly, Kenneth W Mcallister, Perry E Davis, Robert George Iv Culp, Sharon A Decker, Thomas Bernard Gallagher, Jr and Thomas Bruno.
View institutional ownership trends.

Shares of CULP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of CULP stock can currently be purchased for approximately $4.70.

Culp (NYSE:CULP) has a market capitalization of $57.86 million and generates $294.84 million in revenue each year. The textile maker earns $-3,210,000.00 in net income (profit) each year or ($2.68) on an earnings per share basis.

The company employs 1,582 workers across the globe.

Culp's mailing address is 1823 EASTCHESTER DRIVE, HIGH POINT NC, 27265. The official website for the company is www.culpinc.com. The textile maker can be reached via phone at (336) 889-5161 or via fax at 336-887-7089.