Culp (CULP) Getting Somewhat Favorable Media Coverage, Analysis Finds
News headlines about Culp (NYSE:CULP) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Culp earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned news headlines about the textile maker an impact score of 46.3146503532579 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
- Brokerages Set $35.00 Price Target for Culp, Inc. (CULP) (americanbankingnews.com)
- ETFs with exposure to Culp, Inc. : December 13, 2017 (finance.yahoo.com)
- Creative Village projects clear design hurdle, near groundbreaking (bizjournals.com)
- Culp, Inc. :CULP-US: Earnings Analysis: Q2, 2018 By the Numbers : December 12, 2017 (finance.yahoo.com)
Several research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Culp from a “hold” rating to a “sell” rating in a research note on Thursday, August 31st. ValuEngine lowered shares of Culp from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.09 per share. This is a positive change from Culp’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.36 annualized dividend and a yield of 1.10%. Culp’s dividend payout ratio (DPR) is presently 18.60%.
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Culp Company Profile
Culp, Inc is a producer of mattress fabrics and marketer of upholstery fabrics for furniture in North America. The Company is engaged in the manufacture, sourcing and marketing of mattress fabrics and sewn covers used for covering mattresses and box springs, and upholstery fabrics, including cut and sewn kits used in production of upholstered furniture.
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