StockNews.com began coverage on shares of Culp (NYSE:CULP – Get Free Report) in a report released on Saturday. The firm set a “hold” rating on the textile maker’s stock.
Culp Price Performance
Culp stock opened at $5.95 on Friday. The stock has a market cap of $74.20 million, a price-to-earnings ratio of -5.36 and a beta of 1.19. Culp has a 1-year low of $4.25 and a 1-year high of $6.85. The firm has a 50 day simple moving average of $5.33 and a 200-day simple moving average of $4.85.
Culp (NYSE:CULP – Get Free Report) last issued 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 company had revenue of $56.54 million during the quarter.
Insiders Place Their Bets
Institutional Inflows and Outflows
An institutional investor recently raised its position in Culp stock. Vanguard Group Inc. lifted its position in shares of Culp, Inc. (NYSE:CULP – Free Report) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 485,420 shares of the textile maker’s stock after acquiring an additional 19,640 shares during the quarter. Vanguard Group Inc. owned 3.89% of Culp worth $2,330,000 at the end of the most recent quarter. 75.05% of the stock is owned by institutional investors and hedge funds.
About Culp
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.
Featured Stories
- Five stocks we like better than Culp
- What is a SEC Filing?
- 3 Key Stocks to Ride China’s Stimulus-Driven Growth
- The Risks of Owning Bonds
- 3 Dividend Growth Stocks Set to Supercharge Your Portfolio
- How to Most Effectively Use the MarketBeat Earnings Screener
- 3 Small-Cap Stocks on the Way to Bigger and Better Days
Receive News & Ratings for Culp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Culp and related companies with MarketBeat.com's FREE daily email newsletter.