Culp (NYSE:CULP) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Culp (NYSE:CULP) 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) 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

In related news, Director Sharon A. Decker purchased 5,000 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were bought at an average cost of $5.99 per share, for a total transaction of $29,950.00. Following the completion of the purchase, the director now directly owns 45,383 shares of the company’s stock, valued at approximately $271,844.17. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Sharon A. Decker acquired 5,000 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were bought at an average cost of $5.99 per share, with a total value of $29,950.00. Following the purchase, the director now owns 45,383 shares of the company’s stock, valued at $271,844.17. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Aron R. English purchased 22,125 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were purchased at an average price of $5.00 per share, for a total transaction of $110,625.00. Following the completion of the purchase, the insider now owns 1,308,469 shares of the company’s stock, valued at approximately $6,542,345. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 301,883 shares of company stock worth $1,761,046 in the last 90 days. Corporate insiders own 6.60% of the company’s stock.

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) 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.