NYSE:CULP

Culp - CULP Stock Forecast, Price & News

$4.91

-0.05 (-1.01%)

(As of 08/5/2022 12:00 AM ET)

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Today's Range: $4.82
▼
$5.01
50-Day Range: $4.12
▼
$5.60
52-Week Range: $4.04
▼
$14.69

Volume: 47,781 shs
Average Volume: 75,122 shs
Market Capitalization: $60.00 million

P/E Ratio: N/A
Dividend Yield: 9.37%
Price Target: N/A

Culp MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.10% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.00
Based on 14 Articles This Week
Insider Trading: Acquiring Shares
$80,109 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.12) to $0.59 Per Share

Overall MarketRank^™

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

2.07 out of 5 stars

Consumer Discretionary Sector

219th out of 365 stocks

Broadwoven Fabric Mills, Cotton Industry

2nd out of 2 stocks

0.0

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Culp.

3.0

Short Interest

Percentage of Shares Shorted
1.10% 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 1.8, 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 103.39%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Leadership
Culp is a leading dividend payer. It pays a dividend yield of 9.37%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Culp has been increasing its dividend for 9 years.
Dividend Sustainability
Based on EPS estimates, Culp will have a dividend payout ratio of 77.97% in the coming year. This indicates that Culp may not be able to sustain their current dividend.

N/A

Sustainability and ESG

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

1.1

News and Social Media Coverage

News Sentiment
Culp has a news sentiment score of 0.00. 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 0.31 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for Culp this week, compared to 5 articles on an average week.
Search Interest
Only 2 people have searched for CULP on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

3.3

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 $80,109.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 4.60% of the stock of Culp is held by insiders.
Percentage Held by Institutions
79.72% 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 ($0.12) to $0.59 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Culp is -18.88, 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 -18.88, 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 0.50. 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 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 Stock Down 1.0 %

Culp stock traded down $0.05 during midday trading on Friday, hitting $4.91. 47,781 shares of the stock were exchanged, compared to its average volume of 75,122. The company has a fifty day simple moving average of $4.98 and a two-hundred day simple moving average of $6.66. Culp has a 52 week low of $4.04 and a 52 week high of $14.69. The stock has a market capitalization of $60.00 million, a PE ratio of -18.88 and a beta of 1.24.

Culp (NYSE:CULP - Get Rating) last released its quarterly earnings data 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). Culp had a negative return on equity of 2.55% and a negative net margin of 1.09%. The firm had revenue of $56.94 million for the quarter, compared to the consensus estimate of $45.97 million. As a group, equities research analysts anticipate that Culp will post -0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CULP shares. TheStreet lowered shares of Culp from a "c-" rating to a "d" rating in a research note on Thursday, June 30th. StockNews.com raised shares of Culp from a "sell" rating to a "hold" rating in a research note on Friday.

Insider Buying and Selling at Culp

In related news, Director Jonathan Lee Kelly purchased 17,154 shares of the business's stock in a transaction on Monday, July 18th. The shares were purchased at an average price of $4.67 per share, with a total value of $80,109.18. Following the completion of the purchase, the director now owns 24,558 shares in the company, valued at approximately $114,685.86. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.60% of the company's stock.

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CULP Stock News Headlines

August 6, 2022 | msn.com

Dan Newhouse survives Washington primary after vote to impeach Trump

August 6, 2022 | msn.com

Republican Who Voted To Impeach Trump Over Jan. 6 Wins GOP Primary – Beating Trump-Endorsed Challenger

August 6, 2022 | msn.com

Republican congressman who voted to impeach Trump wins primary, CNN projects

August 6, 2022 | msn.com

Pro-impeachment Rep. Dan Newhouse beats Trump-backed GOP Washington primary foe

August 5, 2022 | finance.yahoo.com

GLOBAL MARKETS-U.S. stocks slip, Treasury yields rise and dollar sprints after strong U.S. jobs data

August 4, 2022 | msn.com

Newhouse beating 6 Republicans in primary. Here’s his likely opponent in November

August 4, 2022 | finance.yahoo.com

We're Keeping An Eye On Culp's (NYSE:CULP) Cash Burn Rate

August 3, 2022 | finance.yahoo.com

GLOBAL MARKETS-U.S. stocks advance, Treasury yields rise following strong economic data, Fed resolve

August 2, 2022 | finance.yahoo.com

GLOBAL MARKETS-Wall Street dips, dollar gains on economic, geopolitical concerns

August 2, 2022 | finance.yahoo.com

GLOBAL MARKETS-Wall Street wavers, dollar, gold rise on U.S.-China tensions

August 2, 2022 | finance.yahoo.com

GLOBAL MARKETS-U.S. stocks gyrate, dollar gains on economic, geopolitical concerns

August 1, 2022 | finance.yahoo.com

GLOBAL MARKETS-U.S. stocks slip, crude slides as soft data feed recession jitters

August 1, 2022 | finance.yahoo.com

GLOBAL MARKETS-Wall Street slips, crude slides as weak data feed recession jitters

August 1, 2022 | finance.yahoo.com

GLOBAL MARKETS-U.S. stocks waver, crude plummets as weak data fuels recession fears

July 28, 2022 | bizjournals.com

Culp executive Franklin Saxon stepping away from day-to-day role

July 27, 2022 | finance.yahoo.com

Culp Announces Change in Executive Management Structure

July 27, 2022 | seekingalpha.com

GE Is Fine, It's Everyone Else That's The Problem

July 26, 2022 | reuters.com

GE is fine, it’s everyone else that’s the problem

July 23, 2022 | msn.com

Culp Makes Mackey Watch List, a Husky Prerequisite

July 22, 2022 | americanbankingnews.com

Culp, Inc. (NYSE:CULP) Director Purchases $80,109.18 in Stock

July 21, 2022 | msn.com

General Hospital Relationship Timeline: Julian And Alexis

July 20, 2022 | msn.com

New Offense Led to TE Exits, But Culp Stayed and Ready to Flourish

July 18, 2022 | barrons.com

GE’s Three-Way Split Is Near. What the New Companies Will Be Called.

July 18, 2022 | powermag.com

GE’s Energy Business Will Have a New Name—Vernova

July 15, 2022 | finance.yahoo.com

US STOCKS-Wall St ends tumultuous week with solid rally as rate hike worries fade

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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CULP Company Calendar

Last Earnings: 6/29/2022
Today: 8/07/2022
Next Earnings (Estimated): 9/07/2022
Fiscal Year End: 4/30/2023

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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: 1,582
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): ($0.26)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-3,210,000.00
Net Margins: -1.09%
Pretax Margin: -0.11%
Return on Equity: -2.55%
Return on Assets: -1.58%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.29
Quick Ratio: 1.25

Sales & Book Value

Annual Sales: $294.84 million
Price / Sales: 0.20
Cash Flow: $0.36 per share
Price / Cash Flow: 13.82
Book Value: $9.78 per share
Price / Book: 0.50

Miscellaneous

Outstanding Shares: 12,220,000
Free Float: 11,656,000
Market Cap: $60.00 million
Optionable: Optionable
Beta: 1.24

Key Executives

Mr. Franklin N. Saxon (Age 70)
Exec. Chairman
Comp: $1.17M
Mr. Robert G. Culp IV (Age 51)
Pres, CEO & Director
Comp: $1.34M
Mr. Kenneth R. Bowling (Age 60)
Exec. VP, CFO & Treasurer
Comp: $651.41k
Mr. Boyd B. Chumbley (Age 65)
Pres of Culp Upholstery Fabrics Division
Comp: $725.85k
Ms. Cassandra J. Brown (Age 56)
Pres of Home Fashions Division
Comp: $455.12k
Ms. Ashley Carter Durbin (Age 42)
VP, Gen. Counsel & Corp. Sec.
Ms. Teresa Atkins Huffman MBA (Age 61)
SPHR, Sr. VP of HR
Paul Saunders
Chief Exec. Officer of eLuxury
Mr. Jeff Tsacoumangos
Head of Global Strategic Transformation, Supply Chain & Service for Culp Home Fashions
Mike Cottonaro
Sr. VP of Sales & Marketing for CHF

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CULP Stock - Frequently Asked Questions

How has Culp's stock price performed in 2022?: Culp's stock was trading at $9.51 at the beginning of the year. Since then, CULP stock has decreased by 48.4% and is now trading at $4.91.
View the best growth stocks for 2022 here.
Are investors shorting Culp?: Culp saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 120,000 shares, an increase of 103.4% from the June 30th total of 59,000 shares. Based on an average daily volume of 66,300 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.1% of the shares of the company 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 Wednesday, September 7th 2022.
View our earnings forecast for Culp.
How were Culp's earnings last quarter?: Culp, Inc. (NYSE:CULP) announced its earnings results on Wednesday, June, 29th. The textile maker reported ($0.49) EPS 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 the consensus estimate of $45.97 million. Culp had a negative net margin of 1.09% and a negative trailing twelve-month return on equity of 2.55%.
How often does Culp pay dividends? What is the dividend yield for Culp?: Culp announced a quarterly dividend on Thursday, March 3rd. Stockholders of record on Monday, April 11th will be paid a dividend of $0.115 per share on Tuesday, April 19th. This represents a $0.46 annualized dividend and a yield of 9.37%. The ex-dividend date of this dividend is Friday, April 8th.
View Culp's dividend history.
Is Culp a good dividend stock?: Culp(NYSE:CULP) pays an annual dividend of $0.46 per share and currently has a dividend yield of 9.37%. CULP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
View Culp's dividend history.

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 many different retail and institutional investors. Top institutional shareholders include Brown Advisory Inc. (4.35%), Grace & White Inc. NY (1.46%) and US Bancorp DE (0.21%). Company insiders that own Culp 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 for Culp.
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 $4.91.
How much money does Culp make?: Culp (NYSE:CULP) has a market capitalization of $60.00 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.
How many employees does Culp have?: Culp employs 1,582 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 Culp 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 8/7/2022 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

Company Ownership

Earnings and Valuation

About Culp (NYSE:CULP) Stock

Culp Stock Down 1.0 %

Wall Street Analysts Forecast Growth

Insider Buying and Selling at Culp

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

How has Culp's stock price performed in 2022?

Are investors shorting Culp?

When is Culp's next earnings date?

How were Culp's earnings last quarter?

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

Is Culp a good dividend stock?

What other stocks do shareholders of Culp own?

What is Culp's stock symbol?

Who are Culp's major shareholders?

How do I buy shares of Culp?

What is Culp's stock price today?

How much money does Culp make?

How many employees does Culp have?

How can I contact Culp?

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