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NYSE:CULPCulp Stock Price, Forecast & News

$7.71
+0.92 (+13.55 %)
(As of 05/29/2020 04:00 PM ET)
Add
Compare
Today's Range
$7.21
Now: $7.71
$8.44
50-Day Range
$5.34
MA: $6.57
$7.66
52-Week Range
$5.28
Now: $7.71
$19.63
Volume212,556 shs
Average Volume70,686 shs
Market Capitalization$94.63 million
P/E Ratio40.58
Dividend Yield6.19%
Beta0.84
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.
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Culp logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.42 out of 5 stars


Industry, Sector and Symbol

Industry Broadwoven fabric mills, cotton
Sub-IndustryTextiles
SectorConsumer Discretionary
CUSIP23021510
Phone336-889-5161

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$296.67 million
Cash Flow$1.27 per share
Book Value$13.26 per share

Profitability

Net Income$5.68 million

Miscellaneous

Employees1,440
Market Cap$94.63 million
Next Earnings Date6/10/2020 (Estimated)
OptionableOptionable

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Culp (NYSE:CULP) Frequently Asked Questions

How has Culp's stock been impacted by COVID-19 (Coronavirus)?

Culp's stock was trading at $8.03 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CULP shares have decreased by 4.0% and is now trading at $7.71. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Culp?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Culp in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Culp.

When is Culp's next earnings date?

Culp is scheduled to release its next quarterly earnings announcement on Wednesday, June 10th 2020. View our earnings forecast for Culp.

How were Culp's earnings last quarter?

Culp, Inc. (NYSE:CULP) released its quarterly earnings data on Wednesday, March, 4th. The textile maker reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.35. The textile maker had revenue of $72 million for the quarter, compared to analyst estimates of $73.15 million. Culp had a return on equity of 5.02% and a net margin of 0.78%. View Culp's earnings history.

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

Culp announced a quarterly dividend on Wednesday, March 4th. Investors of record on Tuesday, April 7th will be paid a dividend of $0.105 per share on Wednesday, April 15th. This represents a $0.42 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend is Monday, April 6th. View Culp's dividend history.

What price target have analysts set for CULP?

2 Wall Street analysts have issued 12-month target prices for Culp's stock. Their forecasts range from $13.00 to $18.00. On average, they expect Culp's share price to reach $15.50 in the next year. This suggests a possible upside of 101.0% from the stock's current price. View analysts' price targets for Culp.

Has Culp been receiving favorable news coverage?

News stories about CULP stock have trended somewhat positive recently, according to InfoTrie. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Culp earned a news sentiment score of 1.8 on InfoTrie's scale. They also gave news articles about the textile maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutCulp.

Are investors shorting Culp?

Culp saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 90,900 shares, an increase of 89.0% from the April 30th total of 48,100 shares. Based on an average daily trading volume, of 77,200 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.8% of the company's stock are sold short. View Culp's Current Options Chain.

Who are some of Culp's key competitors?

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), IBM (IBM), Philip Morris International (PM), Verizon Communications (VZ), Westrock (WRK), AbbVie (ABBV), Carnival (CCL), Cinemark (CNK), Walt Disney (DIS) and Enbridge (ENB).

Who are Culp's key executives?

Culp's management team includes the following people:
  • Mr. Franklin N. Saxon, Vice Chairman, Pres & CEO (Age 67)
  • Mr. Kenneth R. Bowling, Sr. VP, CFO, Treasurer & Corp. Sec. (Age 57)
  • Mr. Robert G. Culp IV, COO & Pres of Culp Home Fashions Division (Age 48)
  • Mr. Boyd B. Chumbley, Pres of Culp Upholstery Fabrics Division (Age 62)
  • Ms. Teresa A. Huffman MBA, SPHR, VP of HR

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.85%), Nuveen Asset Management LLC (1.98%), State Street Corp (1.73%), Foundry Partners LLC (1.29%), Geode Capital Management LLC (1.14%) and Bank of New York Mellon Corp (0.82%). Company insiders that own Culp stock include Fred A Jackson, Kenneth W Mcallister 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 Nuveen Asset Management LLC, State Street Corp, Morgan Stanley, UBS Group AG, Deutsche Bank AG, Squarepoint Ops LLC, and JPMorgan Chase & Co.. View insider buying and selling activity for Culp.

Which institutional investors are buying Culp stock?

CULP stock was bought by a variety of institutional investors in the last quarter, including Parametric Portfolio Associates LLC, Invenomic Capital Management LP, Two Sigma Advisers LP, Moors & Cabot Inc., BlackRock Inc., Invesco Ltd., Two Sigma Investments LP, and Foundry Partners 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.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Culp's stock price today?

One share of CULP stock can currently be purchased for approximately $7.71.

How big of a company is Culp?

Culp has a market capitalization of $94.63 million and generates $296.67 million in revenue each year. The textile maker earns $5.68 million in net income (profit) each year or $0.41 on an earnings per share basis. Culp employs 1,440 workers across the globe.

What is Culp's official website?

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

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 5/29/2020 by MarketBeat.com Staff

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