NYSE:CULPCulp Stock Price, Forecast & 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 38.9% and is now trading at $11.15.
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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."
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Culp is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020.
View our earnings forecast for Culp.

Culp, Inc. (NYSE:CULP) issued its earnings results on Thursday, September, 5th. The textile maker reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.15 by $0.04. The textile maker had revenue of $74.85 million for the quarter, compared to analysts' expectations of $73.23 million. Culp had a positive return on equity of 2.67% and a negative net margin of 9.06%.
View Culp's earnings history.

Culp announced a quarterly dividend on Wednesday, July 1st. Investors of record on Friday, July 10th will be paid a dividend of $0.105 per share on Friday, July 17th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Thursday, July 9th.
View Culp's dividend history.

2 brokers have issued twelve-month price targets for Culp's shares. Their forecasts range from $12.00 to $13.00. On average, they anticipate Culp's share price to reach $12.50 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price.
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News articles about CULP stock have been trending somewhat positive recently, according to InfoTrie. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Culp earned a coverage optimism score of 0.8 on InfoTrie's scale. They also assigned news headlines about the textile maker a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near future.
View the latest news about Culp.

Culp saw a decrease in short interest in July. As of July 15th, there was short interest totaling 73,400 shares, a decrease of 31.5% from the June 30th total of 107,200 shares. Based on an average daily volume of 142,600 shares, the short-interest ratio is currently 0.5 days. Currently, 0.7% of the shares of the company are sold short.
View Culp's Current Options Chain.

Some companies that are related to Culp include Bluegreen Vacations (BXG), WideOpenWest (WOW), Playa Hotels & Resorts (PLYA), Marine Products (MPX), G-III Apparel Group (GIII), Interface (TILE), Casa Systems (CASA), Kandi Technologies Group (KNDI), Marcus (MCS), PCM (PCMI), Hudson (HUD), AMC Entertainment (AMC), American Public Education (APEI), Mastercraft Boat (MCFT) and Kimball International (KBAL).
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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).

Culp trades on the New York Stock Exchange (NYSE) under the ticker symbol "CULP."

Culp's stock is owned by many different retail and institutional investors. Top institutional investors include Foundry Partners LLC (1.80%), Wedge Capital Management L L P NC (0.32%) and First Quadrant L P CA (0.06%). 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 bought by a variety of institutional investors in the last quarter, including Foundry Partners 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 $11.15.

Culp has a market capitalization of $136.98 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.