Shares of Culp, Inc. (NYSE:CULP) have been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Analysts have set a 12-month consensus target price of $35.00 for the company and are predicting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Culp an industry rank of 39 out of 265 based on the ratings given to its competitors.
Culp (CULP) traded down $0.25 during midday trading on Monday, hitting $30.40. The stock had a trading volume of 2,172 shares, compared to its average volume of 18,847. Culp has a 12 month low of $26.80 and a 12 month high of $37.80. The firm has a market capitalization of $381.32, a PE ratio of 16.75 and a beta of 0.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 2.44.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 2nd were paid a $0.08 dividend. The ex-dividend date was Friday, September 29th. This represents a $0.32 annualized dividend and a yield of 1.05%. Culp’s payout ratio is currently 18.18%.
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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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