Culp, Inc. (NYSE:CULP – Get Free Report) CFO Mary Elizabeth Hunsberger bought 5,000 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The shares were purchased at an average price of $3.60 per share, for a total transaction of $18,000.00. Following the purchase, the chief financial officer owned 38,028 shares in the company, valued at $136,900.80. This represents a 15.14% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Culp Price Performance
NYSE:CULP remained flat at $3.60 on Tuesday. The company’s stock had a trading volume of 39,260 shares, compared to its average volume of 48,947. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.76. The stock’s 50 day moving average is $3.52 and its 200-day moving average is $3.24. The stock has a market capitalization of $45.85 million, a price-to-earnings ratio of -4.19 and a beta of 1.19. Culp, Inc. has a twelve month low of $2.70 and a twelve month high of $4.75.
Culp (NYSE:CULP – Get Free Report) last released its quarterly earnings data on Wednesday, September 9th. The textile maker reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.03. Culp had a negative return on equity of 12.53% and a negative net margin of 5.24%.The firm had revenue of $53.97 million during the quarter, compared to analyst estimates of $53.20 million.
Institutional Investors Weigh In On Culp
Analyst Ratings Changes
Separately, Zacks Research cut Culp from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.
Get Our Latest Stock Report on Culp
Culp Company Profile
Culp, Inc is a manufacturer and marketer of mattress fabrics and upholstery fabrics. The company supplies textile products used by bedding manufacturers, furniture producers, and other customers in residential, commercial, hospitality, and related end markets.
Through its Mattress Fabrics segment, Culp produces knitted and woven fabrics used in mattress covers, ticking, foundations, and other bedding applications. Its Upholstery Fabrics segment provides fabrics for residential furniture as well as commercial and hospitality furnishings, offering a range of designs, textures, and performance characteristics.
Founded in 1972 and headquartered in High Point, North Carolina, Culp serves customers in the United States and international markets through manufacturing and distribution operations in multiple countries.
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