Culp, Inc. (NYSE:CULP) has earned an average broker rating score of 2.50 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

Brokerages have set a twelve-month consensus price target of $10.00 for the company and are predicting that the company will post ($0.16) EPS for the current quarter, according to Zacks. Zacks has also given Culp an industry rank of 240 out of 254 based on the ratings given to related companies.

Several research firms recently issued reports on CULP. Zacks Investment Research downgraded shares of Culp from a “buy” rating to a “hold” rating in a research note on Monday, May 4th. Stifel Nicolaus dropped their price target on shares of Culp from $11.00 to $9.50 and set a “hold” rating on the stock in a research note on Friday, March 6th. Finally, ValuEngine raised shares of Culp from a “sell” rating to a “hold” rating in a research note on Friday, May 1st.

Shares of CULP stock opened at $6.35 on Friday. The company’s fifty day simple moving average is $6.61 and its 200-day simple moving average is $11.19. Culp has a 52 week low of $5.28 and a 52 week high of $19.63. The company has a current ratio of 3.68, a quick ratio of 1.93 and a debt-to-equity ratio of 0.03. The company has a market cap of $72.05 million, a PE ratio of 33.42 and a beta of 0.84.

Culp (NYSE:CULP) last issued its earnings results on Wednesday, March 4th. The textile maker reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.35. Culp had a net margin of 0.78% and a return on equity of 5.02%. The business had revenue of $72.00 million for the quarter, compared to the consensus estimate of $73.15 million. Equities research analysts expect that Culp will post 0.6 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CULP. Engineers Gate Manager LP acquired a new position in shares of Culp in the 1st quarter valued at about $107,000. Invesco Ltd. acquired a new position in shares of Culp in the 1st quarter valued at about $239,000. Two Sigma Investments LP boosted its stake in Culp by 42.5% during the 1st quarter. Two Sigma Investments LP now owns 72,839 shares of the textile maker’s stock valued at $536,000 after purchasing an additional 21,714 shares during the period. Two Sigma Advisers LP boosted its stake in Culp by 108.3% during the 1st quarter. Two Sigma Advisers LP now owns 80,000 shares of the textile maker’s stock valued at $589,000 after purchasing an additional 41,600 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Culp by 22.5% during the 1st quarter. Wells Fargo & Company MN now owns 25,067 shares of the textile maker’s stock valued at $185,000 after purchasing an additional 4,609 shares during the period. 82.57% of the stock is owned by institutional investors.

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 North America, the Far East, Asia, and internationally. It operates in two segments, Mattress Fabrics and Upholstery Fabrics. The Mattress Fabrics segment offers woven jacquard, knitted, and converted fabrics for use in the production of bedding products, including mattresses, box springs, foundations, and top of bed components.

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