On September 26, 2024, Sharon Decker, a Director at Culp Inc (CULP, Financial), purchased 5,000 shares of the company, as reported in a recent SEC Filing. This transaction increased the insider's holdings to 45,383 shares.
Culp Inc (CULP, Financial) is known for manufacturing, sourcing, and marketing mattress fabrics and upholstery fabrics. The company's products are used by furniture and bedding manufacturers in the production of their finished goods.
Over the past year, Sharon Decker has bought a total of 10,000 shares and has not sold any shares. This recent acquisition aligns with a broader trend within Culp Inc, where there have been 15 insider buys and no insider sells over the past year.
Shares of Culp Inc were priced at $5.99 on the day of the transaction. The company has a market cap of approximately $74.57 million.
According to the GF Value, the intrinsic value of Culp Inc is estimated at $4.88 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.23.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider activity may be of interest to investors looking for signals from company directors regarding their confidence in the firm's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
