Culp - CULP Stock Forecast, Price & News

Culp's stock was trading at $9.51 at the beginning of 2022. Since then, CULP shares have decreased by 46.8% and is now trading at $5.06.
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Culp saw a decrease in short interest in the month of July. As of July 31st, there was short interest totaling 53,100 shares, a decrease of 55.8% from the July 15th total of 120,000 shares. Based on an average daily trading volume, of 59,700 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.5% of the company's shares are sold short.
View Culp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 7th 2022.
View our CULP earnings forecast.

Culp, Inc. (NYSE:CULP) issued its earnings results on Wednesday, June, 29th. The textile maker reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.35) by $0.14. The textile maker earned $56.94 million during the quarter, compared to analyst estimates of $45.97 million. Culp had a negative trailing twelve-month return on equity of 2.55% and a negative net margin of 1.09%.

Culp announced a quarterly dividend on Thursday, March 3rd. Investors of record on Monday, April 11th will be given a dividend of $0.115 per share on Tuesday, April 19th. This represents a $0.46 annualized dividend and a dividend yield of 9.09%. The ex-dividend date of this dividend is Friday, April 8th.
Read our dividend analysis for CULP.

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 number of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (6.41%), Brown Advisory Inc. (4.35%), Keeley Teton Advisors LLC (2.82%), Grace & White Inc. NY (1.46%), Isthmus Partners LLC (1.43%) and Oppenheimer & Co. Inc. (0.57%). 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 and Sharon A Decker.
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.
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One share of CULP stock can currently be purchased for approximately $5.06.

Culp (NYSE:CULP) has a market capitalization of $61.82 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 ($0.26) 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.