NYSE:CULP - Culp Stock Price, Forecast & News

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

Culp declared a quarterly dividend on Monday, December 9th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.105 per share on Friday, January 17th. This represents a $0.42 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Tuesday, January 7th. This is a boost from Culp's previous quarterly dividend of $0.10. View Culp's Dividend History.

Culp, Inc. (NYSE:CULP) issued its earnings results on Thursday, September, 5th. The textile maker reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates 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 return on equity of 3.38% and a net margin of 1.83%. View Culp's Earnings History.

Culp is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Culp.

1 Wall Street analysts have issued 12-month target prices for Culp's stock. Their forecasts range from $18.00 to $18.00. On average, they expect Culp's share price to reach $18.00 in the next twelve months. This suggests a possible upside of 38.1% from the stock's current price. View Analyst Price Targets for Culp.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Culp in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Culp.

Headlines about CULP stock have been trending somewhat negative recently, InfoTrie reports. The research group scores the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Culp earned a news sentiment score of -1.6 on InfoTrie's scale. They also gave news headlines about the textile maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Culp.

Culp saw a drop in short interest during the month of December. As of December 31st, there was short interest totalling 16,100 shares, a drop of 49.5% from the December 15th total of 31,900 shares. Based on an average daily trading volume, of 38,000 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company's stock are sold short. View Culp's Current Options Chain.

Some companies that are related to Culp include Delta Galil Industries (DELTY), Entercom Communications (ETM), Hemisphere Media Group (HMTV), WideOpenWest (WOW), AO World (AOWDF), Golden Entertainment (GDEN), American Outdoor Brands (AOBC), Care.com (CRCM), Eros International (EROS), Tribune Publishing (TPCO), Marine Products (MPX), PCM (PCMI), Vista Outdoor (VSTO), American Public Education (APEI) and RISE Education Cayman (REDU).

Based on aggregate information from My MarketBeat watchlists, some companies that other Culp investors own include Gilead Sciences (GILD), Walgreens Boots Alliance (WBA), Philip Morris International (PM), AT&T (T), Westrock (WRK), Methanex (MEOH), Pattern Energy Group (PEGI), AbbVie (ABBV), Franklin Resources (BEN) and Carnival (CCL).

Culp's stock is owned by a number of of institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (0.16%). 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 Wedge Capital Management L L P NC. View Insider Buying and Selling 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 $13.03.

Culp has a market capitalization of $161.70 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.View Additional Information About Culp.

The official website for Culp is http://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.