Robert George Culp IV, President & CEO at CULP INC (CULP), bought 2,960 shares at $3.89 ($12K) on 2026-09-28, disclosed to the SEC on 2026-09-30.
Culp Inc. President & CEO Robert George Culp IV purchased 2,960 shares for $11,514.40, signaling confidence in the company's turnaround and recent operational improvements. This insider buying comes as the stock has surged over 12% in the last 30 days, potentially attracting further retail interest.
CULP is up 12.48% over the last 30 days and 7.28% over the last five days, trading at $3.83, which is 41.85% above its 52-week low of $2.70 but still 14.89% below its 52-week high of $4.50.
Q1 2027 earnings on 2026-09-10 revealed a 114% gross profit surge and a 70% cut in net debt, driven by bedding growth and tariff recoveries. The company reported earnings and revenue surprises of +6.82% and +1.45% respectively for the quarter ended July 2026.
The stock is currently trading at a forward P/E of 394.80, which is extremely high relative to the company's fundamentals. Additionally, the company faces challenges from weak furnishings demand despite restructuring gains.
Nothing distinguishes this filing.
| Filing → |
| CULP | BUY | 2026-03-31 | $9K | — | Filing → |
| CULP | BUY | 2026-03-20 | $9K | — | Filing → |
| CULP | BUY | 2026-03-18 | $28K | — | Filing → |