Culp (NYSE:CULP) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other research analysts also recently commented on the company. Zacks Investment Research upgraded Culp from a “strong sell” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Tuesday, August 14th. Stifel Nicolaus reduced their price objective on Culp from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, August 31st.

CULP opened at $20.56 on Thursday. The firm has a market cap of $259.08 million, a price-to-earnings ratio of 16.82 and a beta of 0.14. Culp has a 52 week low of $19.91 and a 52 week high of $33.90. The company has a current ratio of 3.33, a quick ratio of 1.82 and a debt-to-equity ratio of 0.02.

Culp (NYSE:CULP) last released its quarterly earnings data on Thursday, November 29th. The textile maker reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm had revenue of $77.01 million for the quarter, compared to analysts’ expectations of $76.32 million. Culp had a return on equity of 9.53% and a net margin of 5.07%. On average, equities research analysts forecast that Culp will post 0.99 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Culp by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 505,338 shares of the textile maker’s stock worth $12,230,000 after purchasing an additional 32,364 shares during the period. MetLife Investment Advisors LLC increased its holdings in Culp by 68.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 7,924 shares of the textile maker’s stock worth $192,000 after purchasing an additional 3,227 shares during the period. Renaissance Technologies LLC increased its holdings in Culp by 4.2% during the 3rd quarter. Renaissance Technologies LLC now owns 666,100 shares of the textile maker’s stock worth $16,120,000 after purchasing an additional 26,900 shares during the period. Standard Life Aberdeen plc increased its holdings in Culp by 6.1% during the 3rd quarter. Standard Life Aberdeen plc now owns 1,489,363 shares of the textile maker’s stock worth $36,043,000 after purchasing an additional 85,401 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Culp by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 763,000 shares of the textile maker’s stock worth $18,464,000 after purchasing an additional 21,631 shares during the period. Institutional investors own 86.81% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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