NYSE:CULP

Culp (CULP) Stock Forecast, Price & News

$5.87

+0.15 (+2.62%)

(As of 09/22/2023 ET)

Compare

Today's Range: $5.70
▼
$5.88
50-Day Range: $5.15
▼
$5.87
52-Week Range: $3.94
▼
$5.94

Volume: 18,236 shs
Average Volume: 19,480 shs
Market Capitalization: $73.14 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

Culp MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.13% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.12
Based on 9 Articles This Week
Insider Trading: Acquiring Shares
$113,916 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.34) to $0.42 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.81 out of 5 stars

Consumer Discretionary Sector

222nd out of 258 stocks

Broadwoven Fabric Mills, Cotton Industry

2nd out of 2 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Culp.

3.0

Short Interest

Percentage of Shares Shorted
0.13% of the float of Culp has been sold short.
Short Interest Ratio / Days to Cover
Culp has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Culp has recently increased by 157.89%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Culp does not currently pay a dividend.
Dividend Growth
Culp does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CULP.

2.8

News and Social Media Coverage

News Sentiment
Culp has a news sentiment score of 0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Culp this week, compared to 5 articles on an average week.
Search Interest
2 people have searched for CULP on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
2 people have added Culp to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Culp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $113,916.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 6.60% of the stock of Culp is held by insiders.
Percentage Held by Institutions
53.69% of the stock of Culp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Culp are expected to grow in the coming year, from ($0.34) to $0.42 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Culp is -2.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Culp is -2.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Culp has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Culp (NYSE:CULP) Stock

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. 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, loveseats, chairs, sectionals, and sofa-beds, as well as office seating and window treatment products; and installation services for customers in the hospitality and commercial industries. Culp, Inc. was incorporated in 1972 and is headquartered in High Point, North Carolina.

CULP Price History

30 days | 90 days | 365 days | Advanced Chart

CULP Stock News Headlines

September 22, 2023 | msn.com

One killed in early morning Burkburnett shooting

September 21, 2023 | finance.yahoo.com

US STOCKS-US stocks slide, Treasury yields spike on hawkish Fed outlook

September 23, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...

September 21, 2023 | finance.yahoo.com

Shareholders May Be Wary Of Increasing Culp, Inc.'s (NYSE:CULP) CEO Compensation Package

September 20, 2023 | finance.yahoo.com

US STOCKS-Wall Street closes lower after Fed holds rates steady, warns of higher for longer

September 18, 2023 | finance.yahoo.com

US STOCKS-Wall Street moves sideways as investors await Fed

September 18, 2023 | barrons.com

Culp Inc.

September 17, 2023 | americanbankingnews.com

Culp (NYSE:CULP) Research Coverage Started at StockNews.com

September 23, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

September 16, 2023 | finance.yahoo.com

Insider Buying: President, Mattress Fabrics Thomas Bruno Acquires 2,924 Shares of Culp Inc

September 14, 2023 | finance.yahoo.com

GLOBAL MARKETS-Wall Street rallies, dollar surges as data bolsters Fed pause bets

September 14, 2023 | finance.yahoo.com

GLOBAL MARKETS-Wall Street rallies, dollar surges as data cements Fed pause bets

September 14, 2023 | msn.com

Culp Provides Scouting Report: Expect Oregon, Colorado, Alcohol

September 14, 2023 | finance.yahoo.com

Insider Buying: Director Jonathan Kelly Acquires 2000 Shares of Culp Inc

September 14, 2023 | finance.yahoo.com

Executive Vice President of Culp Home Fashions of Culp Tommy Bruno Buys 51% More Shares

September 14, 2023 | msn.com

GLOBAL MARKETS-U.S. stocks, Treasury yields gain as CPI cements Fed pause

September 13, 2023 | benzinga.com

President of Culp Makes $86K Buy

September 9, 2023 | msn.com

Art exhibition of West Texas’ ecoregions opens at UTEP

September 9, 2023 | msn.com

Michael Penix Jr. throws 3 more TD passes, No. 8 Washington routs Tulsa 43-10

September 9, 2023 | bloomberg.com

Wall Street Week: Breaking Up Is Hard to Do. Or Maybe Not

September 8, 2023 | msn.com

Inside The New GE With CEO Larry Culp

September 7, 2023 | msn.com

Westover Remains UW Rarity: Walk-On and Local Guy, Now a Starter

September 6, 2023 | msn.com

GE’s Culp Sees Travel Pushing Aerospace Sales to $40 Billion

September 5, 2023 | bloomberg.com

GE CEO Larry Culp Talks Aerospace Opportunities

September 3, 2023 | msn.com

MORNING BID ASIA-Try to top that one, Asia

September 3, 2023 | reuters.com

ASIA Try to top that one, Asia

September 3, 2023 | money.usnews.com

Marketmind: Try to Top That One, Asia

See More Headlines

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CULP Company Calendar

Last Earnings: 6/29/2023
Today: 9/22/2023
Next Earnings (Estimated): 12/06/2023
Fiscal Year End: 4/30/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Broadwoven fabric mills, cotton
Sub-Industry: Textiles
Sector: Consumer Discretionary
Current Symbol: NYSE:CULP
CUSIP: 23021510
CIK: 723603
Web: www.culpinc.com
Phone: (336) 889-5161
Fax: 336-887-7089
Employees: 1,333
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): ($2.37)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-31,520,000.00
Net Margins: -12.74%
Pretax Margin: -11.45%
Return on Equity: -30.41%
Return on Assets: -18.57%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.30
Quick Ratio: 1.16

Sales & Book Value

Annual Sales: $234.93 million
Price / Sales: 0.31
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $6.91 per share
Price / Book: 0.85

Miscellaneous

Outstanding Shares: 12,460,000
Free Float: 11,635,000
Market Cap: $73.14 million
Optionable: Optionable
Beta: 1.28

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Key Executives

Mr. Franklin N. Saxon (Age 71)
Exec. Chairman & Strategic Advisor
Comp: $291.67k

Mr. Robert G. Culp IV (Age 52)
Pres, CEO, Pres of Culp Home Fashions & Director
Comp: $936.44k

Mr. Kenneth R. Bowling (Age 61)
Exec. VP, CFO & Treasurer
Comp: $488.22k

Mr. Boyd B. Chumbley (Age 66)
Pres of Culp Upholstery Fabrics Division
Comp: $586.59k

Ms. Ashley Carter Durbin (Age 43)
Sr. VP, Gen. Counsel & Corp. Sec.

Ms. Teresa Atkins Huffman MBA (Age 61)
SPHR, Sr. VP & Chief HR Officer

Paul Saunders
Chief Exec. Officer of eLuxury

Mr. Jeff Tsacoumangos
Divisional Chief Operating Officer of Culp Home Fashions

Tammy Buckner
Sr. VP of Design & Marketing - Culp Upholstery Fabrics

Mr. Tommy Bruno
Exec. VP of Culp Home Fashions

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CULP Stock - Frequently Asked Questions

How have CULP shares performed in 2023?: Culp's stock was trading at $4.59 on January 1st, 2023. Since then, CULP shares have increased by 27.9% and is now trading at $5.87.
View the best growth stocks for 2023 here.
Are investors shorting Culp?: Culp saw a increase in short interest in August. As of August 31st, there was short interest totaling 14,700 shares, an increase of 157.9% from the August 15th total of 5,700 shares. Based on an average daily trading volume, of 12,500 shares, the short-interest ratio is presently 1.2 days. Approximately 0.1% of the company's shares are short sold.
View Culp's Short Interest.
When is Culp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023.
View our CULP earnings forecast.
How were Culp's earnings last quarter?: Culp, Inc. (NYSE:CULP) released its earnings results on Thursday, June, 29th. The textile maker reported ($0.38) earnings per share for the quarter, topping analysts' consensus estimates of ($0.45) by $0.07. The textile maker had revenue of $61.43 million for the quarter, compared to the consensus estimate of $57.04 million. Culp had a negative net margin of 12.74% and a negative trailing twelve-month return on equity of 30.41%. During the same quarter last year, the company earned ($0.49) earnings per share.
What other stocks do shareholders of Culp own?: 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).
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 variety of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (5.52%), Dimensional Fund Advisors LP (5.03%), Moors & Cabot Inc. (1.71%), Grace & White Inc. NY (1.50%), Oppenheimer & Co. Inc. (0.27%) and Thrivent Financial for Lutherans (0.25%). Insiders that own company stock include Franklin N Saxon, Fred A Jackson, John Allen Baugh, Jonathan Lee Kelly, Perry E Davis, Robert George Iv Culp, Sharon A Decker, Thomas Bernard Gallagher, Jr and Thomas Bruno.
View institutional ownership trends.
How do I buy shares of Culp?: 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.
What is Culp's stock price today?: One share of CULP stock can currently be purchased for approximately $5.87.
How much money does Culp make?: Culp (NYSE:CULP) has a market capitalization of $73.14 million and generates $234.93 million in revenue each year. The textile maker earns $-31,520,000.00 in net income (profit) each year or ($2.37) on an earnings per share basis.
How many employees does Culp have?: The company employs 1,333 workers across the globe.
How can I contact Culp?: 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.

This page (NYSE:CULP) was last updated on 9/23/2023 by MarketBeat.com Staff

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Culp (CULP) Stock Forecast, Price & News

Culp MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Culp (NYSE:CULP) Stock

CULP Price History

CULP Stock News Headlines

CULP Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CULP Stock - Frequently Asked Questions

Overall MarketRank^™