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Culp, Inc. (CFI) manufactures, sources, markets, and sells mattress fabrics and upholstery fabrics to the furniture and bedding industries in North America and internationally.
The company operates through two segments, Mattress Fabrics and Upholstery Fabrics.
The Mattress Fabrics segment offers woven jacquard, knitted, and converted fabrics for use in the production of bedding products, including mattresses, box springs, and mattress sets.
The Upholstery Fabrics segment provides jacquard woven fabrics, velvets, microdenier suedes, woven dobbies, knitted fabrics, piece-dyed woven products, and polyurethane fabrics for use in the production of residential and commercial upholstered furniture, such as sofas, recliners, chairs, loveseats, sectionals, sofa-beds, and office seating.
Shares are heading higher in an upward trading channel. Presently shares are in the lower area of the said trading channel. Highser share prices are expected for this stock.
52-Weeks Trading: $17.29 - $35.23
Entry Point: $32.75
Stop Loss: $31.10
Target Price: $36.05
CFI closed at $30.30 after its 30 days expired.
