Insider Selling: Franklin Saxon Unloads 2,100 Shares of Culp Stock (CFI)
Culp (NYSE:CFI) CEO Franklin Saxon sold 2,100 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $19.91, for a total transaction of $41,811.00. Following the transaction, the chief executive officer now directly owns 105,285 shares in the company, valued at approximately $2,096,224. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Raymond James raised their price target on shares of Culp from $21.00 to $22.00 in a research note to investors on Thursday, August 29th. They now have a “strong-buy” rating on the stock.
Culp (NYSE:CFI) traded down 0.10% on Thursday, hitting $19.35. 33,399 shares of the company’s stock traded hands. Culp has a 1-year low of $10.32 and a 1-year high of $19.60. The stock has a 50-day moving average of $18.85 and a 200-day moving average of $18.01. The company has a market cap of $236.9 million and a price-to-earnings ratio of 13.34.
Culp (NYSE:CFI) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.02. The company had revenue of $70.10 million for the quarter, compared to the consensus estimate of $68.80 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. Analysts expect that Culp will post $1.55 EPS for the current fiscal year.
Culp, Inc (NYSE:CFI) manufactures, sources and markets mattress fabrics used for covering mattresses and box springs, and upholstery fabrics primarily for use in production of upholstered furniture (residential and commercial).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.