Culp, Inc. (NYSE:CULP) has earned a consensus broker rating score of 2.50 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a buy rating to the company. Culp’s rating score has declined by 66.7% in the last 90 days as a result of various analysts’ ratings changes.
Brokerages have set a 1-year consensus target price of $14.50 for the company and are predicting that the company will post $0.13 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Culp an industry rank of 112 out of 255 based on the ratings given to related companies.
CULP has been the subject of several analyst reports. ValuEngine downgraded shares of Culp from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Zacks Investment Research upgraded shares of Culp from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Stifel Nicolaus cut shares of Culp from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $20.00 to $11.00 in a research note on Wednesday, February 19th.
Several hedge funds have recently made changes to their positions in CULP. Tower Research Capital LLC TRC increased its stake in shares of Culp by 308.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,332 shares of the textile maker’s stock valued at $32,000 after buying an additional 1,761 shares in the last quarter. US Bancorp DE increased its position in Culp by 101.4% in the 4th quarter. US Bancorp DE now owns 2,441 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 1,229 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Culp in the fourth quarter worth about $86,000. BW Gestao de Investimentos Ltda. raised its stake in shares of Culp by 22.0% in the third quarter. BW Gestao de Investimentos Ltda. now owns 6,122 shares of the textile maker’s stock worth $100,000 after acquiring an additional 1,103 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Culp in the third quarter worth about $171,000. Institutional investors own 82.57% of the company’s stock.
NYSE:CULP traded down $0.12 during trading hours on Friday, reaching $9.89. The company had a trading volume of 60,277 shares, compared to its average volume of 46,155. The company has a quick ratio of 1.84, a current ratio of 3.19 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average of $12.41 and a two-hundred day moving average of $14.58. Culp has a one year low of $9.88 and a one year high of $21.08. The firm has a market capitalization of $127.35 million, a PE ratio of 22.48 and a beta of 0.57.
Culp (NYSE:CULP) last issued its earnings results on Thursday, December 5th. The textile maker reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Culp had a net margin of 1.83% and a return on equity of 3.38%. The company had revenue of $72.62 million for the quarter, compared to the consensus estimate of $77.33 million. As a group, sell-side analysts expect that Culp will post 0.59 earnings per share for the current year.
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.
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