Equities researchers at StockNews.com began coverage on shares of Culp (NYSE:CULP - Get Free Report) in a research report issued to clients and investors on Sunday. The firm set a "hold" rating on the textile maker's stock.
NYSE:CULP opened at $5.94 on Friday. The firm has a market capitalization of $74.07 million, a price-to-earnings ratio of -5.35 and a beta of 1.19. The business has a 50 day simple moving average of $5.42 and a 200-day simple moving average of $4.90. Culp has a 1 year low of $4.25 and a 1 year high of $6.85.
Culp (NYSE:CULP - Get Free Report) last posted its quarterly earnings data on Wednesday, September 4th. The textile maker reported ($0.37) EPS for the quarter. Culp had a negative return on equity of 19.51% and a negative net margin of 7.88%. The firm had revenue of $56.54 million for the quarter.
In other Culp news, major shareholder Aron R. English bought 9,703 shares of the company's stock in a transaction on Tuesday, July 16th. The stock was acquired at an average price of $5.19 per share, for a total transaction of $50,358.57. Following the completion of the transaction, the insider now directly owns 1,331,447 shares of the company's stock, valued at approximately $6,910,209.93. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Sharon A. Decker bought 5,000 shares of the stock in a transaction dated Thursday, July 18th. The stock was purchased at an average cost of $5.20 per share, with a total value of $26,000.00. Following the completion of the purchase, the director now owns 30,544 shares of the company's stock, valued at $158,828.80. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Aron R. English purchased 9,703 shares of the business's stock in a transaction dated Tuesday, July 16th. The stock was bought at an average price of $5.19 per share, for a total transaction of $50,358.57. Following the completion of the acquisition, the insider now owns 1,331,447 shares of the company's stock, valued at approximately $6,910,209.93. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 261,483 shares of company stock worth $1,558,117. Insiders own 6.60% of the company's stock.
A hedge fund recently raised its stake in Culp stock. Vanguard Group Inc. increased its position in shares of Culp, Inc. (NYSE:CULP - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 485,420 shares of the textile maker's stock after buying an additional 19,640 shares during the period. Vanguard Group Inc. owned about 3.89% of Culp worth $2,330,000 at the end of the most recent quarter. Institutional investors and hedge funds own 75.05% of the company's 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 the United States, North America, the Far East, Asia, and internationally. It operates in two segments, Mattress Fabrics and Upholstery Fabrics.
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