Share on StockTwits

Culp (NYSE:CFI) major shareholder Robert Culp III sold 6,112 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $20.50, for a total transaction of $125,296.00. Following the transaction, the insider now directly owns 114,738 shares in the company, valued at approximately $2,352,129. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Separately, analysts at Raymond James raised their price target on shares of Culp from $22.00 to $23.50 in a research note to investors on Tuesday, November 26th.

Culp (NYSE:CFI) traded up 0.05% on Thursday, hitting $20.46. 27,997 shares of the company’s stock traded hands. Culp has a one year low of $14.76 and a one year high of $20.51. The stock’s 50-day moving average is $19.92 and its 200-day moving average is $19.00. The company has a market cap of $250.6 million and a price-to-earnings ratio of 19.72.

Culp (NYSE:CFI) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.01. The company had revenue of $70.59 million for the quarter, compared to the consensus estimate of $66.60 million. During the same quarter in the prior year, the company posted $0.31 earnings per share.

The company also recently declared a quarterly dividend, which is scheduled for Monday, January 20th. Shareholders of record on Monday, January 6th will be given a dividend of 0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from Culp’s previous quarterly dividend of $0.04.

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.