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S&P 500   3,819.72
DOW   31,270.09
QQQ   309.16
S&P 500   3,819.72
DOW   31,270.09
QQQ   309.16
S&P 500   3,819.72
DOW   31,270.09
QQQ   309.16
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NYSE:CULP

Culp Stock Forecast, Price & News

$17.15
-0.03 (-0.17 %)
(As of 03/3/2021 12:00 AM ET)
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Today's Range
$16.87
Now: $17.15
$17.27
50-Day Range
$15.15
MA: $16.32
$17.48
52-Week Range
$5.28
Now: $17.15
$17.88
Volume50,897 shs
Average Volume45,217 shs
Market Capitalization$211.01 million
P/E RatioN/A
Dividend Yield2.56%
Beta1.23
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 North America, the Far East, Asia, and internationally. It operates in two segments, Mattress Fabrics and Upholstery Fabrics. The Mattress Fabrics segment offers woven jacquard, knitted, and converted fabrics for use in the production of bedding products, including mattresses, box springs, foundations, and top of bed components. The Upholstery Fabrics segment provides jacquard woven fabrics, velvets, micro denier suedes, woven dobbies, knitted fabrics, piece-dyed woven products, and polyurethane fabrics for use in the production of residential and commercial upholstered furniture, such as sofas, recliners, chairs, loveseats, sectionals, and sofa-beds, as well as office seating and window treatment products; and installation services. Culp, Inc. was founded in 1972 and is headquartered in High Point, North Carolina.
Culp logo

Headlines

Recap: Culp Q3 Earnings
March 4, 2021 |  benzinga.com
Culp Announces Results for Third Quarter Fiscal 2021
March 3, 2021 |  finance.yahoo.com
A Preview Of Culp's Earnings
March 2, 2021 |  finance.yahoo.com
Immelt Doesn’t Offer Advice to GE CEO Culp
February 23, 2021 |  msn.com
Fairfax Exits Fitbit, Gildan Activewear
February 21, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Broadwoven fabric mills, cotton
Sub-IndustryTextiles
CUSIP23021510
Phone336-889-5161
Employees1,399
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$256.17 million
Cash Flow$1.00 per share
Book Value$10.56 per share

Profitability

Net Income$-23,990,000.00

Miscellaneous

Market Cap$211.01 million
Next Earnings Date3/4/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.66 out of 5 stars

Consumer Discretionary Sector

89th out of 571 stocks

Broadwoven Fabric Mills, Cotton Industry

1st out of 2 stocks

Analyst Opinion: 1.5Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -
$17.15
-0.03 (-0.17 %)
(As of 03/3/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Culp (NYSE:CULP) Frequently Asked Questions

Is Culp a buy right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Culp in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Culp stock.
View analyst ratings for Culp
or view top-rated stocks.

What stocks does MarketBeat like better than Culp?

Wall Street analysts have given Culp a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Culp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Culp?

Culp saw a increase in short interest during the month of February. As of February 12th, there was short interest totaling 23,600 shares, an increase of 71.0% from the January 28th total of 13,800 shares. Based on an average trading volume of 39,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the company's stock are short sold.
View Culp's Short Interest
.

When is Culp's next earnings date?

Culp is scheduled to release its next quarterly earnings announcement on Thursday, March 4th 2021.
View our earnings forecast for Culp
.

How were Culp's earnings last quarter?

Culp, Inc. (NYSE:CULP) announced its quarterly earnings data on Friday, December, 4th. The textile maker reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.05. The textile maker had revenue of $76.85 million for the quarter, compared to analysts' expectations of $68.78 million. Culp had a positive trailing twelve-month return on equity of 2.83% and a negative net margin of 10.81%.
View Culp's earnings history
.

How has Culp's stock price been impacted by COVID-19?

Culp's stock was trading at $8.03 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CULP stock has increased by 113.6% and is now trading at $17.15.
View which stocks have been most impacted by COVID-19
.

How often does Culp pay dividends? What is the dividend yield for Culp?

Culp declared a quarterly dividend on Thursday, December 3rd. Shareholders of record on Friday, January 8th will be given a dividend of $0.11 per share on Monday, January 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, January 7th. This is an increase from Culp's previous quarterly dividend of $0.11.
View Culp's dividend history
.

Is Culp a good dividend stock?

Culp pays an annual dividend of $0.44 per share and currently has a dividend yield of 2.56%. Culp does not yet have a strock track record of dividend growth. The dividend payout ratio of Culp is 209.52%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Culp will have a dividend payout ratio of 70.97% next year. This indicates that Culp will be able to sustain or increase its dividend.
View Culp's dividend history.

What price target have analysts set for CULP?

2 brokers have issued 1-year price targets for Culp's stock. Their forecasts range from $13.00 to $17.00. On average, they expect Culp's share price to reach $15.00 in the next twelve months. This suggests that the stock has a possible downside of 12.5%.
View analysts' price targets for Culp
or view top-rated stocks among Wall Street analysts.

Who are Culp's key executives?

Culp's management team includes the following people:
  • Mr. Franklin N. Saxon, Exec. Chairman (Age 69, Pay $679.98k)
  • Mr. Robert G. Culp IV, Pres, CEO & Director (Age 50, Pay $426.72k)
  • Mr. Kenneth R. Bowling, Exec. VP, CFO & Treasurer (Age 59, Pay $311.16k)
  • Mr. Boyd B. Chumbley, Pres of Culp Upholstery Fabrics Division (Age 64, Pay $478.87k)
  • Ms. Cassandra J. Brown, Pres of Home Fashions Division (Age 55, Pay $216.27k)
  • Ms. Ashley Carter Durbin, VP, Gen. Counsel & Corp. Sec. (Age 41)
  • Ms. Teresa A. Huffman MBA, SPHR, VP of HR
  • Paul Saunders, Chief Exec. Officer of eLuxury
  • Mr. Thomas B. Gallagher Jr., Corp. Controller, Assistant Treasurer & Assistant Corp. Sec. (Age 49)

Who are some of Culp's key competitors?

What other stocks do shareholders of Culp own?

What is Culp's stock symbol?

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

Who are Culp's major shareholders?

Culp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (7.71%), Dimensional Fund Advisors LP (6.39%), Brown Advisory Inc. (4.43%), Russell Investments Group Ltd. (4.32%), BlackRock Inc. (3.26%) and Price T Rowe Associates Inc. MD (2.82%). Company insiders that own Culp stock include Franklin N Saxon, Fred A Jackson, Kenneth W Mcallister, Robert George Iv Culp and Thomas Bernard Gallagher Jr.
View institutional ownership trends for Culp
.

Which institutional investors are selling Culp stock?

CULP stock was sold by a variety of institutional investors in the last quarter, including Heartland Advisors Inc., BlackRock Inc., Price T Rowe Associates Inc. MD, Wedge Capital Management L L P NC, Dimensional Fund Advisors LP, Keeley Teton Advisors LLC, Squarepoint Ops LLC, and Northern Trust Corp. Company insiders that have sold Culp company stock in the last year include Franklin N Saxon, and Robert George Iv Culp.
View insider buying and selling activity for Culp
or view top insider-selling stocks.

Which institutional investors are buying Culp stock?

CULP stock was purchased by a variety of institutional investors in the last quarter, including Punch & Associates Investment Management Inc., Russell Investments Group Ltd., Brown Advisory Inc., Ancora Advisors LLC, Monarch Partners Asset Management LLC, SG Capital Management LLC, ExodusPoint Capital Management LP, and Renaissance Technologies LLC. Company insiders that have bought Culp stock in the last two years include Fred A Jackson, and Kenneth W Mcallister.
View insider buying and selling activity for Culp
or or view top insider-buying stocks.

How do I buy shares of Culp?

Shares of CULP 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.

What is Culp's stock price today?

One share of CULP stock can currently be purchased for approximately $17.15.

How much money does Culp make?

Culp has a market capitalization of $211.01 million and generates $256.17 million in revenue each year. The textile maker earns $-23,990,000.00 in net income (profit) each year or $0.21 on an earnings per share basis.

How many employees does Culp have?

Culp employs 1,399 workers across the globe.

What is Culp's official website?

The official website for Culp is www.culpinc.com.

Where are Culp's headquarters?

Culp is headquartered at 1823 EASTCHESTER DRIVE, HIGH POINT NC, 27265.

How can I contact Culp?

Culp's mailing address is 1823 EASTCHESTER DRIVE, HIGH POINT NC, 27265. The textile maker can be reached via phone at 336-889-5161.


This page was last updated on 3/4/2021 by MarketBeat.com Staff

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