Kenneth McAllister - Culp Lead Independent Director

CULP Stock  USD 5.19  0.15  2.98%   

Director

Mr. Kenneth W. McAllister is the Lead Independent Director of the Company. He has extensive corporate governance and legal knowledge, as well as regulatory compliance experience, having served as general counsel of a large public corporation, and as a director of several other organizations. He has strong knowledge of the financial services industry, and substantial knowledge about the furniture and bedding industries through his lifelong involvement in the High Point and Triad communities in North Carolina. since 2006.
Age 70
Tenure 18 years
Address 1823 Eastchester Drive, High Point, NC, United States, 27265
Phone336-889-5161
Webhttps://www.culp.com

Culp Management Efficiency

The company has return on total asset (ROA) of (0.0558) % which means that it has lost $0.0558 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.2285) %, meaning that it created substantial loss on money invested by shareholders. Culp's management efficiency ratios could be used to measure how well Culp manages its routine affairs as well as how well it operates its assets and liabilities. As of 12/04/2024, Return On Tangible Assets is likely to drop to -0.21. In addition to that, Return On Capital Employed is likely to drop to -0.25. At this time, Culp's Total Current Liabilities is relatively stable compared to the past year. As of 12/04/2024, Liabilities And Stockholders Equity is likely to grow to about 195.4 M, while Non Current Liabilities Total is likely to drop slightly above 16.9 M.
Culp Inc currently holds 4.48 M in liabilities with Debt to Equity (D/E) ratio of 0.08, which may suggest the company is not taking enough advantage from borrowing. Culp Inc has a current ratio of 2.64, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Culp's use of debt, we should always consider it together with its cash and equity.

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Culp, Inc. manufactures, sources, markets, and sells mattress fabrics, sewn covers, and cut and sewn kits for use in mattresses, foundations, and other bedding products in the United States, North America, the Far East, Asia, and internationally. Culp, Inc. was founded in 1972 and is headquartered in High Point, North Carolina. Culp operates under Textile Manufacturing classification in the United States and is traded on New York Stock Exchange. It employs 1582 people. Culp Inc (CULP) is traded on New York Stock Exchange in USA. It is located in 1823 Eastchester Drive, High Point, NC, United States, 27265 and employs 1,000 people. Culp is listed under Textiles, Apparel & Luxury Goods category by Fama And French industry classification.

Management Performance

Culp Inc Leadership Team

Elected by the shareholders, the Culp's board of directors comprises two types of representatives: Culp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Culp. The board's role is to monitor Culp's management team and ensure that shareholders' interests are well served. Culp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Culp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Fred Jackson, Independent Director
Ashley Durbin, Vice President General Counsel, Corporate Secretary
Kenneth Larson, Independent Director
Robert Culp, President, Chief Executive Officer, Director
Perry Davis, Independent Director
Robert IV, CEO, President
Tommy Bruno, Executive Fashions
Franklin Saxon, Executive Chairman of the Board
Sharon Decker, Independent Director
Jonathan Kelly, Independent Director
Kenneth McAllister, Lead Independent Director
Paul Saunders, CEO - eLuxury
Kimberly Gatling, Independent Director
Boyd Chumbley, President - Culp Upholstery Fabrics division
Jeff Tsacoumangos, Supply Transformation
Tammy Buckner, Senior Fabrics
Mike Cottonaro, VP CHF
Mary Hunsberger, President Fabrics
Donna Morrison, VP Fabrics
Thomas Gallagher, Vice President - Finance, Assistant Treasurer, Assistant Secretary
SPHR MBA, Senior Officer
Cassandra Brown, President - Culp Home Fashions Division
John Baugh, Independent Director
Kenneth Bowling, Chief Financial Officer, Executive Vice President, Treasurer

Culp Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Culp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Culp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Culp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Culp will appreciate offsetting losses from the drop in the long position's value.

Moving against Culp Stock

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The ability to find closely correlated positions to Culp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Culp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Culp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Culp Inc to buy it.
The correlation of Culp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Culp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Culp Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Culp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Culp Stock Analysis

When running Culp's price analysis, check to measure Culp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Culp is operating at the current time. Most of Culp's value examination focuses on studying past and present price action to predict the probability of Culp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Culp's price. Additionally, you may evaluate how the addition of Culp to your portfolios can decrease your overall portfolio volatility.