Culp Stock Forecast, Price & News

Culp's stock was trading at $8.03 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CULP stock has increased by 58.2% and is now trading at $12.70.
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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.

Culp is scheduled to release its next quarterly earnings announcement on Thursday, December 3rd 2020.
View our earnings forecast for Culp.

Culp, Inc. (NYSE:CULP) released its quarterly earnings results on Wednesday, September, 2nd. The textile maker reported ($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.04 by $0.26. Culp had a negative net margin of 11.02% and a positive return on equity of 2.59%.
View Culp's earnings history.

Culp declared a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Thursday, October 8th will be given a dividend of $0.105 per share on Thursday, October 15th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Wednesday, October 7th.
View Culp's dividend history.

2 analysts have issued 1-year target prices for Culp's shares. Their forecasts range from $13.00 to $15.00. On average, they expect Culp's share price to reach $14.00 in the next twelve months. This suggests a possible upside of 10.2% from the stock's current price.
View analysts' price targets for Culp.

Culp saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 15,000 shares, a decrease of 54.3% from the August 15th total of 32,800 shares. Based on an average daily trading volume, of 117,200 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company's shares are sold short.
View Culp's Short Interest.

Some companies that are related to Culp include Manchester United (MANU), Playa Hotels & Resorts (PLYA), Marine Products (MPX), MSG Networks (MSGN), iHeartMedia (IHRT), AMC Entertainment (AMC), WideOpenWest (WOW), Corus Entertainment (CJREF), Tribune Publishing (TPCO), Lindblad Expeditions (LIND), PCM (PCMI), China Online Education Group (COE), American Public Education (APEI), Clarus (CLAR) and SP Plus (SP).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Culp investors own include AT&T (T), Gilead Sciences (GILD), IBM (IBM), Pfizer (PFE), Philip Morris International (PM), Verizon Communications (VZ), Walgreens Boots Alliance (WBA), Westrock (WRK), AbbVie (ABBV) and Carnival (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 CIBC Private Wealth Group LLC (7.16%), Foundry Partners LLC (1.80%), Bridgeway Capital Management Inc. (0.85%), Jane Street Group LLC (0.76%), Two Sigma Advisers LP (0.71%) and Bank of New York Mellon Corp (0.47%). Company insiders that own Culp stock include Fred A Jackson, Kenneth W Mcallister and Thomas Bernard Gallagher Jr.
View institutional ownership trends for Culp.

CULP stock was sold by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, Bank of America Corp DE, Bank of New York Mellon Corp, and Johnson Investment Counsel Inc..
View insider buying and selling activity for Culp.

CULP stock was purchased by a variety of institutional investors in the last quarter, including Jane Street Group LLC, Foundry Partners LLC, Ancora Advisors LLC, Engineers Gate Manager LP, Bridgeway Capital Management Inc., Zebra Capital Management LLC, Wedge Capital Management L L P NC, and First Quadrant L P CA. 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.

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.

One share of CULP stock can currently be purchased for approximately $12.70.

Culp has a market capitalization of $156.18 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. Culp employs 1,399 workers across the globe.

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

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