Zacks: Culp, Inc. (CULP) Given Average Recommendation of “” by Brokerages
Culp, Inc. (NYSE:CULP) has received an average broker rating score of 2.00 (Buy) 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 strong buy recommendation on the company.
Brokers have set a 1 year consensus price objective of $38.00 for the company and are forecasting that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also assigned Culp an industry rank of 194 out of 265 based on the ratings given to its competitors.
Separately, ValuEngine downgraded shares of Culp from a “buy” rating to a “hold” rating in a research report on Friday, June 9th.
Shares of Culp (NYSE CULP) traded down 0.36% on Friday, reaching $28.05. 25,634 shares of the company’s stock traded hands. Culp has a 52 week low of $26.80 and a 52 week high of $37.80. The firm has a market capitalization of $346.61 million, a price-to-earnings ratio of 15.76 and a beta of 0.23. The company has a 50 day moving average price of $31.72 and a 200 day moving average price of $32.17.
Culp (NYSE:CULP) last released its earnings results on Tuesday, June 13th. The textile maker reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. Culp had a net margin of 7.21% and a return on equity of 17.87%. The business had revenue of $77.35 million for the quarter, compared to the consensus estimate of $76.32 million. On average, equities research analysts predict that Culp will post $2.05 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Monday, July 3rd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, June 29th. Culp’s payout ratio is presently 17.88%.
In related news, Chairman Robert G. Culp III sold 1,049 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $34.00, for a total transaction of $35,666.00. Following the transaction, the chairman now directly owns 101,294 shares of the company’s stock, valued at $3,443,996. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.50% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Culp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Culp Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.