Culp (CULP) Getting Somewhat Favorable News Coverage, Report Finds
News headlines about Culp (NYSE:CULP) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Culp earned a news impact score of 0.05 on Accern’s scale. Accern also gave media stories about the textile maker an impact score of 46.4307790242625 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
- 2019 Kicker Cade York Talks Commitment (andthevalleyshook.com)
- Veterinarians partner with physicians to treat dog’s brain condition (smartbrief.com)
- BOWMAN: Kirkman, Irwin shine at Gas City I-69 Speedway (kokomotribune.com)
- Indiana man killed in Lincoln Park crash (chicago.suntimes.com)
- Duduzane Zuma: Bail on Gupta charges, question mark over Thursday’s culp court appearance (kormorant.co.za)
Shares of Culp traded down $0.55, hitting $25.25, during mid-day trading on Wednesday, MarketBeat.com reports. The company’s stock had a trading volume of 19,560 shares, compared to its average volume of 22,283. Culp has a 52 week low of $24.20 and a 52 week high of $34.05. The firm has a market cap of $323.08 million, a PE ratio of 16.95 and a beta of 0.19.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Monday, July 2nd will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, June 29th. Culp’s dividend payout ratio (DPR) is presently 24.16%.
Several research analysts have recently weighed in on CULP shares. TheStreet raised Culp from a “c+” rating to a “b-” rating in a research report on Wednesday, June 6th. ValuEngine lowered Culp from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research lowered Culp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 19th.
In other Culp news, Director Fred A. Jackson acquired 5,000 shares of the stock in a transaction dated Friday, June 29th. The stock was purchased at an average cost of $25.32 per share, with a total value of $126,600.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 11.40% of the company’s stock.
Culp Company Profile
Culp, Inc manufacturers, sources, markets, and sells mattress fabrics, sewn covers, and cut and sewn kits for use in mattresses, foundations, and other bedding products in North America, the Far East, Asia, and internationally. It operates through two segments, Mattress Fabrics and Upholstery Fabrics.
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