Culp, Inc. (CULP) Given Average Recommendation of “Buy” by Brokerages
Shares of Culp, Inc. (NYSE:CULP) have earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokers have set a 1-year consensus price objective of $35.00 for the company and are expecting that the company will post $0.42 EPS for the current quarter, according to Zacks. Zacks has also given Culp an industry rank of 111 out of 265 based on the ratings given to its competitors.
Several analysts have recently weighed in on CULP shares. Zacks Investment Research upgraded Culp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. ValuEngine downgraded Culp from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th.
Shares of Culp (NYSE:CULP) remained flat at $$31.85 during trading on Friday. 23,995 shares of the stock traded hands, compared to its average volume of 16,284. The company has a market capitalization of $396.05, a price-to-earnings ratio of 18.52 and a beta of 0.29. Culp has a 1-year low of $26.15 and a 1-year high of $35.20.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, December 29th. This is an increase from Culp’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 1.13%. Culp’s dividend payout ratio (DPR) is currently 20.93%.
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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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