NYSE:CULPCulp Stock Price, Forecast & News

$6.35

+0.08 (+1.28 %)

(As of 05/25/2020 03:40 PM ET)

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Today's Range

$5.98

Now: $6.35▼

$6.40

50-Day Range

$5.34

MA: $6.61▼

$7.66

52-Week Range

$5.28

Now: $6.35▼

$19.63

Volume53,427 shs

Average Volume71,636 shs

Market Capitalization$77.91 million

P/E Ratio33.42

Dividend Yield6.61%

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.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Culp has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $13.75, Culp has a potential upside of 116.5% from its current price of $6.35.
Amount of Analyst Coverage
Culp has only been the subject of 1 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Culp has received 218 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Culp has received 248 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Culp has received 53.22% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Culp and other stocks. Vote “Outperform” if you believe CULP will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CULP will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Culp is a leading dividend payer. It pays a dividend yield of 6.61%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Culp has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Culp is 102.44 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Culp will have a dividend payout ratio of 200.00 % in the coming year. This indicates that Culp may not be able to sustain their current dividend.

4.0 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 $7,390.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.90% of the stock of Culp is held by insiders.
Percentage Held by Institutions
79.96% of the stock of Culp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Culp are expected to decrease by -65.00% in the coming year, from $0.60 to $0.21 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Culp is 33.42, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.80.
Price to Earnings Ratio vs. Sector
The P/E ratio of Culp is 33.42, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 17.89.
Price to Book Value per Share Ratio
Culp has a P/B Ratio of 0.48. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.37 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Broadwoven fabric mills, cotton

Sub-IndustryTextiles

SectorConsumer Discretionary

Current SymbolNYSE:CULP

Previous Symbol

CUSIP23021510

CIK723603

Webwww.culpinc.com

Phone336-889-5161

Debt

Debt-to-Equity Ratio0.03

Current Ratio3.68

Quick Ratio1.93

Price-To-Earnings

Trailing P/E Ratio33.42

Forward P/E Ratio10.58

P/E GrowthN/A

Sales & Book Value

Annual Sales$296.67 million

Price / Sales0.26

Cash Flow$1.13 per share

Price / Cash Flow5.61

Book Value$13.26 per share

Price / Book0.48

Profitability

EPS (Most Recent Fiscal Year)$0.41

Net Income$5.68 million

Net Margins0.78%

Return on Equity5.02%

Return on Assets3.71%

Miscellaneous

Employees1,440

Outstanding Shares12,270,000

Market Cap$77.91 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 Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CULP stock has decreased by 20.9% and is now trading at $6.35. 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 1 hold rating and 1 buy rating 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 (EPS) for the quarter, beating analysts' consensus estimates 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. Shareholders 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 dividend yield of 6.61%. The ex-dividend date is Monday, April 6th. View Culp's dividend history.

What price target have analysts set for CULP?

2 brokerages have issued 1-year price objectives for Culp's shares. Their forecasts range from $9.50 to $18.00. On average, they anticipate Culp's share price to reach $13.75 in the next year. This suggests a possible upside of 116.5% from the stock's current price. View analysts' price targets for Culp.

Has Culp been receiving favorable news coverage?

Media coverage about CULP stock has trended somewhat positive this week, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Culp earned a media sentiment score of 1.5 on InfoTrie's scale. They also assigned media stories about the textile maker a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutCulp.

Are investors shorting Culp?

Culp saw a increase in short interest in 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 short-interest ratio is presently 1.2 days. Approximately 0.8% of the company's stock are short sold. View Culp's Current Options Chain.

Who are some of Culp's key competitors?

Some companies that are related to Culp include Clarus (CLAR), Bluegreen Vacations (BXG), Caleres (CAL), Mastercraft Boat (MCFT), Funko (FNKO), NexPoint Real Estate Finance (ONEW), Entercom Communications (ETM), Universal Technical Institute (UTI), Phoenix Tree (LIZI), RISE Education Cayman (REDU), Livexlive Media (LIVX), NACCO Industries (NC), Hooker Furniture (HOFT), Weyco Group (WEYS) and PlayAGS (AGS). View all 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 institutional and retail 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 major 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 major 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 $6.35.

How big of a company is Culp?

Culp has a market capitalization of $77.91 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 5/25/2020 by MarketBeat.com Staff