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In a recent filing with the Securities and Exchange Commission, former director Kelly Jonathan Lee reported acquiring shares of Culp Inc . (NYSE:CULP) valued at $3,782. The transactions, which occurred on March 24, 2025, involved the purchase of 700 shares of common stock at prices ranging from $5.40 to $5.41 per share. The purchase comes as the company’s stock trades near $5.37, with InvestingPro analysis indicating the company is slightly undervalued based on its Fair Value assessment.
Following these transactions, Lee holds a total of 49,521 shares through his SEPP-IRA. Additionally, he maintains ownership of 1,110 shares in a Roth IRA and 27,136 shares directly. InvestingPro data shows the company’s market capitalization stands at $67.44 million, with concerning metrics including negative earnings and declining revenue of -9.8% over the last twelve months.
Culp Inc., a company based in High Point, North Carolina, operates in the broadwoven fabric mills sector, specifically focusing on cotton. While the company maintains a healthy current ratio of 1.68, InvestingPro analysis reveals several challenges, including cash burn concerns. Get access to the full financial health analysis and 8 additional ProTips with an InvestingPro subscription.
In other recent news, Culp Inc. reported underwhelming financial results for the first quarter of 2025, with earnings per share (EPS) at a loss of $0.33, missing the anticipated EPS of $0.04. The company’s revenue also fell short, totaling $52.3 million compared to the expected $62 million. This performance marks a significant departure from previous quarters where Culp had met or exceeded expectations. In the third quarter, Culp’s net sales were down 13.5% year-over-year, with the company reporting a net loss of $4.1 million. Despite these challenges, Culp is focusing on operational efficiencies and market share growth, with guidance indicating a potential return to profitability in fiscal 2026. The company is optimistic about future growth, particularly in its hospitality contract business, where it is gaining market share in mattress fabrics and covers. Culp has also entered into a conditional agreement for the sale of its Canadian facility, expecting to receive between $6 million and $8 million in cash proceeds, which will be used to strengthen its liquidity.
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