Analysts Set $35.00 Price Target for Culp, Inc. (CULP)

Shares of Culp, Inc. (NYSE:CULP) have earned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.

Analysts have set a 12-month consensus target price of $35.00 for the company and are expecting that the company will post $0.42 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Culp an industry rank of 115 out of 265 based on the ratings given to its competitors.

A number of research firms have weighed in on CULP. ValuEngine raised Culp from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded Culp from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th.

Shares of Culp (NYSE:CULP) traded down $0.20 on Monday, reaching $31.15. The company had a trading volume of 27,324 shares, compared to its average volume of 13,628. The company has a market capitalization of $389.85, a price-to-earnings ratio of 18.11 and a beta of 0.29. Culp has a 1 year low of $26.15 and a 1 year high of $34.50.

Culp (NYSE:CULP) last released its quarterly earnings data on Thursday, November 30th. The textile maker reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Culp had a net margin of 6.85% and a return on equity of 14.14%. equities analysts expect that Culp will post 1.56 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.16%. This is an increase from Culp’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, December 29th. Culp’s payout ratio is presently 20.93%.

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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.

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