Culp, Inc. (NYSE:CULP) Director Buys $26,000.00 in Stock

Culp, Inc. (NYSE:CULP) Director Sharon A. Decker acquired 5,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were bought at an average cost of $5.20 per share, with a total value of $26,000.00. Following the completion of the acquisition, the director now owns 30,544 shares of the company’s stock, valued at approximately $158,828.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Culp Stock Up 1.3 %

Culp stock opened at $5.30 on Monday. The stock has a 50-day simple moving average of $4.55 and a 200 day simple moving average of $4.74. Culp, Inc. has a 12-month low of $4.25 and a 12-month high of $5.99. The stock has a market capitalization of $66.09 million, a price-to-earnings ratio of -4.77 and a beta of 1.22.

Culp (NYSE:CULP) last released its quarterly earnings results on Friday, June 28th. The textile maker reported ($0.39) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.05. Culp had a negative return on equity of 16.42% and a negative net margin of 6.13%. The business had revenue of $49.53 million during the quarter, compared to analysts’ expectations of $49.76 million. During the same period in the previous year, the business posted ($0.38) earnings per share. As a group, sell-side analysts anticipate that Culp, Inc. will post -0.03 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Culp in a report on Wednesday, July 17th. They set a “hold” rating for the company.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Culp by 4.2% in the first quarter. Vanguard Group Inc. now owns 485,420 shares of the textile maker’s stock valued at $2,330,000 after buying an additional 19,640 shares during the last quarter. Gate City Capital Management LLC acquired a new stake in Culp in the fourth quarter worth about $6,010,000. Finally, Essex Investment Management Co. LLC acquired a new stake in Culp in the fourth quarter worth about $256,000. 75.05% of the stock is owned by institutional investors.

Culp Company Profile

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 the United States, North America, the Far East, Asia, and internationally. It operates in two segments, Mattress Fabrics and Upholstery Fabrics.