New insider activity at Culp ( (CULP) ) has taken place on March 21, 2025.
Significant shareholder Aron R. English has made a notable investment in Culp by purchasing 124,738 shares of the company’s stock. This acquisition is valued at $672,148, reflecting a strong vote of confidence in Culp’s potential.
Recent Updates on CULP stock
Culp, Inc. recently held its Q3 earnings call, revealing mixed financial results amidst ongoing industry challenges. The company reported a decline in net sales by 13.5% year-over-year, attributed to weakness in the home furnishings and bedding industries, as well as tariff and trade uncertainties. Despite these challenges, Culp achieved near breakeven adjusted EBITDA, thanks to successful restructuring efforts in the Mattress Fabrics segment, which saw a significant reduction in operating losses. The hospitality contract business emerged as a strong performer, contributing to a larger share of upholstery fabric sales. Culp’s strategic initiatives, including the sale of its Canadian facility, are expected to bolster liquidity and reduce debt. The company remains optimistic about future profitability, driven by cost optimization and market share growth, particularly in the Mattress Fabrics and hospitality segments.
More about Culp
YTD Price Performance: -3.78%
Average Trading Volume: 25,320
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $68.95M